DA Davidson Increases Flagstar Bank, National Association (NYSE:FLG) Price Target to $16.00

Flagstar Bank, National Association (NYSE:FLG) had its price target boosted by stock analysts at DA Davidson from $15.00 to $16.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 18.12% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Barclays increased their price objective on Flagstar Bank, National Association from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Keefe, Bruyette & Woods upped their price objective on shares of Flagstar Bank, National Association from $13.50 to $14.00 and gave the stock a “market perform” rating in a report on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Thursday, January 22nd. Cantor Fitzgerald boosted their price target on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Flagstar Bank, National Association from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Flagstar Bank, National Association has a consensus rating of “Hold” and an average price target of $14.46.

Flagstar Bank, National Association Trading Up 2.5%

Flagstar Bank, National Association stock traded up $0.33 during trading hours on Monday, reaching $13.55. The company had a trading volume of 3,297,350 shares, compared to its average volume of 5,149,396. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.00 and a quick ratio of 0.99. Flagstar Bank, National Association has a 12-month low of $9.64 and a 12-month high of $13.85. The company has a 50-day moving average price of $12.79 and a 200 day moving average price of $12.15. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of -26.58, a P/E/G ratio of 0.57 and a beta of 1.10.

Flagstar Bank, National Association (NYSE:FLG) last issued its earnings results on Friday, January 30th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The company had revenue of $548.00 million for the quarter, compared to the consensus estimate of $533.00 million. Flagstar Bank, National Association had a negative net margin of 3.68% and a negative return on equity of 1.60%. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.41) earnings per share. Equities analysts forecast that Flagstar Bank, National Association will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FLG. Norges Bank acquired a new stake in Flagstar Bank, National Association during the 2nd quarter valued at $31,502,000. Amalgamated Bank acquired a new position in Flagstar Bank, National Association during the second quarter valued at $1,394,000. Bank of New York Mellon Corp purchased a new stake in Flagstar Bank, National Association in the 2nd quarter worth about $23,059,000. New York State Common Retirement Fund purchased a new stake in Flagstar Bank, National Association in the 2nd quarter worth about $1,020,000. Finally, Natixis boosted its position in Flagstar Bank, National Association by 67,492.1% during the 2nd quarter. Natixis now owns 179,795 shares of the company’s stock worth $1,906,000 after acquiring an additional 179,529 shares during the period. Institutional investors and hedge funds own 67.88% of the company’s stock.

About Flagstar Bank, National Association

Flagstar Financial Corporation (NYSE: FLG) is a bank holding company whose principal subsidiary, Flagstar Bank, provides a range of financial services across the United States. Headquartered in Troy, Michigan, Flagstar combines commercial banking, mortgage lending and servicing, and deposit products to serve individuals, businesses and public entities. As a publicly traded company, Flagstar leverages its banking charter and national mortgage platform to deliver tailored financial solutions through both digital and branch channels.

The company’s mortgage business is one of the largest residential originators and servicers in the nation, offering retail, wholesale and correspondent lending channels.