Flagstar Bank, National Association (NYSE:FLG – Get Free Report)‘s stock had its “overweight” rating restated by research analysts at Cantor Fitzgerald in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $16.00 price target on the stock. Cantor Fitzgerald‘s price objective would suggest a potential upside of 60.03% from the stock’s previous close.
FLG has been the subject of a number of other reports. Wall Street Zen lowered shares of Flagstar Bank, National Association from a “hold” rating to a “sell” rating in a research report on Saturday, September 26th. Truist Financial cut their target price on shares of Flagstar Bank, National Association from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Monday. Morgan Stanley cut their target price on shares of Flagstar Bank, National Association from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, September 28th. Royal Bank Of Canada cut their target price on shares of Flagstar Bank, National Association from $13.00 to $12.00 and set a “sector perform” rating for the company in a research report on Monday. Finally, DA Davidson reiterated a “buy” rating and issued a $17.00 target price on shares of Flagstar Bank, National Association in a research report on Monday, July 27th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.54.
Get Our Latest Research Report on Flagstar Bank, National Association
Flagstar Bank, National Association Stock Down 1.4%
Shares of FLG traded down $0.14 during mid-day trading on Tuesday, reaching $10.00. 2,063,357 shares of the stock traded hands, compared to its average volume of 5,124,635. The firm has a fifty day moving average price of $12.31 and a 200 day moving average price of $13.47. Flagstar Bank, National Association has a 1 year low of $9.96 and a 1 year high of $15.44.
Flagstar Bank, National Association (NYSE:FLG – Get Free Report) last released its quarterly earnings results on Friday, October 23rd. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The firm had revenue of $530.00 million for the quarter, compared to analysts’ expectations of $545.12 million. During the same period in the prior year, the business earned ($0.07) EPS. Equities research analysts expect that Flagstar Bank, National Association will post 0.28 earnings per share for the current fiscal year.
Flagstar Bank, National Association announced that its board has initiated a stock repurchase plan on Friday, July 24th that allows the company to repurchase $250 million in shares. This buyback authorization allows the company to buy up to 4.1% of its shares through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.
Institutional Trading of Flagstar Bank, National Association
Institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its position in Flagstar Bank, National Association by 114.0% during the second 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 during the period. Core Capital Management & Research inc. purchased a new stake in Flagstar Bank, National Association during the second quarter valued at about $50,000. Signature Equity Partners LLC purchased a new stake in Flagstar Bank, National Association during the first quarter valued at about $74,000. Nykredit A S purchased a new stake in Flagstar Bank, National Association during the second quarter valued at about $153,000. Finally, HB Wealth Management LLC boosted its position in Flagstar Bank, National Association by 16.5% during the first 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 during the period. 67.88% of the stock is currently owned by hedge funds and other institutional investors.
Flagstar Bank, National Association News Roundup
Here are the key news stories impacting Flagstar Bank, National Association this week:
- Positive Sentiment: Flagstar’s board declared a quarterly cash dividend of $0.01 per common share, payable December 17, 2026. The bank also declared dividends on its preferred stocks, reinforcing that it continues to make shareholder distributions. Flagstar Bank dividend announcement
- Positive Sentiment: Despite recent target reductions, UBS and Citigroup maintained buy ratings, while Cantor Fitzgerald reaffirmed its overweight rating with a $16 target. These targets remain materially above FLG’s recent trading level, suggesting some analysts see substantial recovery potential. UBS Flagstar price target
- Neutral Sentiment: UBS lowered its price target to $14.50 from $15.50 and Citigroup reduced its target to $14 from $18, but both retained buy ratings. The cuts indicate reduced expectations while still implying significant upside if the bank’s recovery progresses. Citigroup Flagstar price target
- Negative Sentiment: JPMorgan Chase, Truist Financial and Barclays issued more pessimistic views or lowered their expectations for FLG, adding to concerns about earnings recovery and valuation. JPMorgan previously cut its target to $11.50 and adopted a neutral rating. JPMorgan Flagstar forecast
- Negative Sentiment: Fitch affirmed Flagstar’s BB+ rating but lowered its outlook, citing a delayed recovery. The weaker outlook may increase investor concern about credit risk and the timing of improvement. Fitch Flagstar outlook
- Negative Sentiment: An investor investigation was announced after management highlighted risks in its $12.9 billion rent-regulated apartment loan portfolio, including frozen rents and rising capitalization rates. Potential losses or higher provisions could pressure future results and investor confidence. Flagstar investor investigation
About Flagstar Bank, National Association
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.
See Also
- Five stocks we like better than Flagstar Bank, National Association
- Welltower’s Strong Earnings Couldn’t Stop the Sell-Off—What’s Missing?
- Sherwin-Williams Remains Evergreen in a Frozen Housing Market
- Palantir’s Q3 Bar Is Higher Than It Looks: 3 Numbers to Watch
- Johnson Controls Beats the Heat in AI Data Centers
Receive News & Ratings for Flagstar Bank National Association Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flagstar Bank National Association and related companies with MarketBeat.com's FREE daily email newsletter.
