Flagstar Bank, National Association’s (FLG) “Overweight” Rating Reaffirmed at Cantor Fitzgerald

Flagstar Bank, National Association (NYSE:FLG)‘s stock had its “overweight” rating restated by stock analysts at Cantor Fitzgerald in a report issued on Tuesday, Benzinga reports. They presently have a $16.00 target price on the stock. Cantor Fitzgerald‘s target price suggests a potential upside of 56.79% from the company’s previous close.

A number of other equities research analysts also recently commented on the stock. Barclays cut their target price on shares of Flagstar Bank, National Association from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday. TD Cowen lowered their price target on Flagstar Bank, National Association from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Monday. DA Davidson reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Flagstar Bank, National Association in a report on Monday, July 27th. Weiss Ratings upgraded Flagstar Bank, National Association from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on Flagstar Bank, National Association from $14.00 to $11.50 and set a “neutral” rating for the company in a research report on Monday. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Flagstar Bank, National Association has an average rating of “Moderate Buy” and an average price target of $15.17.

Flagstar Bank, National Association Stock Down 0.1%

Shares of FLG traded down $0.02 on Tuesday, hitting $10.21. 1,937,659 shares of the stock traded hands, compared to its average volume of 5,100,110. The company has a market capitalization of $4.24 billion, a PE ratio of 68.03 and a beta of 1.05. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.96 and a current ratio of 0.96. The business has a 50 day simple moving average of $12.46 and a 200 day simple moving average of $13.49. Flagstar Bank, National Association has a one year low of $10.10 and a one year high of $15.44.

Flagstar Bank, National Association (NYSE:FLG) last announced its quarterly earnings results on Friday, October 23rd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm had revenue of $530.00 million for the quarter, compared to the consensus estimate of $545.12 million. Flagstar Bank, National Association had a net margin of 2.22% and a return on equity of 1.45%. During the same period last year, the business earned ($0.07) EPS. As a group, equities analysts forecast that Flagstar Bank, National Association will post 0.28 earnings per share for the current fiscal year.

Flagstar Bank, National Association declared that its Board of Directors has authorized a stock buyback program on Friday, July 24th that allows the company to buy back $250 million in outstanding shares. This buyback authorization allows the company to purchase up to 4.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FLG. IFP Advisors Inc lifted its stake in shares of Flagstar Bank, National Association by 114.0% during the 2nd quarter. IFP Advisors Inc now owns 3,013 shares of the company’s stock valued at $45,000 after buying an additional 1,605 shares in the last quarter. Core Capital Management & Research inc. purchased a new position in shares of Flagstar Bank, National Association during the 2nd quarter valued at $50,000. Signature Equity Partners LLC purchased a new position in shares of Flagstar Bank, National Association during the 1st quarter valued at $74,000. Nykredit A S purchased a new position in shares of Flagstar Bank, National Association during the 2nd quarter valued at $153,000. Finally, HB Wealth Management LLC lifted its stake in shares of Flagstar Bank, National Association by 16.5% during the 1st quarter. HB Wealth Management LLC now owns 12,042 shares of the company’s stock valued at $159,000 after buying an additional 1,704 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Key Flagstar Bank, National Association News

Here are the key news stories impacting Flagstar Bank, National Association this week:

• Positive Sentiment: Analysts continue to see upside. Cantor Fitzgerald reaffirmed its “overweight” rating and set a $16 price target, while UBS maintained a “buy” rating with a revised $14.50 target. These targets imply substantial potential appreciation from recent trading levels. Cantor Fitzgerald rating UBS price target update
• Neutral Sentiment: Most analysts still see value, but estimates are being reduced. Barclays, Truist Financial and TD Cowen retained “overweight” or “buy” ratings while cutting their price targets. RBC lowered its target to $12 and kept a “sector perform” rating, while JPMorgan reduced its target to $11.50 and moved to “neutral.” The revisions preserve implied upside but indicate growing caution about Flagstar’s recovery prospects. RBC price target update
• Negative Sentiment: Credit concerns intensified. Fitch affirmed Flagstar’s “BB+” rating but lowered its outlook, citing a delayed recovery. A weaker outlook can raise funding concerns and reinforce investor skepticism about asset quality. Fitch outlook update
• Negative Sentiment: Investors are concerned about Flagstar’s $12.9 billion rent-regulated apartment loan book. Frozen rents and rising capitalization rates could pressure property values and increase credit losses. SueWallSt announced an investigation into the matter after shares fell sharply, adding legal and reputational risk. Flagstar investigation notice
• Negative Sentiment: Recent operating results provide limited support. Flagstar previously reported quarterly EPS of $0.01 versus the $0.07 consensus estimate and revenue below expectations, highlighting weak profitability and execution risks.

Flagstar Bank, National Association Company Profile

Flagstar Bank, National Association is a full-service regional bank and the principal banking subsidiary of Flagstar Financial, Inc, formerly known as New York Community Bancorp. The bank provides consumer and business banking services through deposits, checking and savings accounts, lending, cash management, and digital banking channels.

Flagstar’s lending activities include residential mortgages, mortgage servicing, commercial real estate loans, multifamily financing, commercial and industrial loans, and other consumer credit products.