Flagstar Bank, National Association (NYSE:FLG) Given Average Rating of “Hold” by Brokerages

Shares of Flagstar Bank, National Association (NYSE:FLG) have earned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $15.4231.

FLG has been the subject of a number of analyst reports. Wall Street Zen upgraded Flagstar Bank, National Association from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Piper Sandler raised their price target on Flagstar Bank, National Association from $16.00 to $16.50 and gave the company an “overweight” rating in a research note on Monday, April 27th. Truist Financial upgraded Flagstar Bank, National Association from a “hold” rating to a “buy” rating and raised their price target for the company from $13.50 to $17.00 in a research note on Tuesday, April 7th. Morgan Stanley raised their price target on Flagstar Bank, National Association from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Finally, Citigroup raised their price target on Flagstar Bank, National Association from $16.50 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. DV Equities LLC bought a new position in shares of Flagstar Bank, National Association during the 4th quarter worth approximately $25,000. Ameritas Advisory Services LLC bought a new position in shares of Flagstar Bank, National Association during the 3rd quarter worth approximately $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Flagstar Bank, National Association during the 4th quarter worth approximately $34,000. Litman Gregory Wealth Management LLC bought a new position in shares of Flagstar Bank, National Association during the 4th quarter worth approximately $34,000. Finally, Advisory Services Network LLC bought a new position in shares of Flagstar Bank, National Association during the 3rd quarter worth approximately $35,000. 67.88% of the stock is currently owned by institutional investors.

Flagstar Bank, National Association Stock Up 2.2%

Shares of Flagstar Bank, National Association stock opened at $14.08 on Wednesday. The business’s 50 day simple moving average is $13.79 and its 200 day simple moving average is $13.16. Flagstar Bank, National Association has a 52-week low of $10.38 and a 52-week high of $14.92. The firm has a market cap of $5.87 billion, a PE ratio of -64.01 and a beta of 1.02. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.90 and a current ratio of 0.90.

Flagstar Bank, National Association (NYSE:FLG) last posted its quarterly earnings results on Friday, April 24th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $507.00 million during the quarter, compared to the consensus estimate of $556.74 million. Flagstar Bank, National Association had a negative return on equity of 0.11% and a negative net margin of 1.22%.The business’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company earned ($0.26) earnings per share. On average, analysts predict that Flagstar Bank, National Association will post 0.47 earnings per share for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Sunday, June 7th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, June 5th. Flagstar Bank, National Association’s dividend payout ratio (DPR) is currently -18.18%.

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.