UBS Group Has Lowered Expectations for Flagstar Bank, National Association (NYSE:FLG) Stock Price

Flagstar Bank, National Association (NYSE:FLG) had its price objective reduced by research analysts at UBS Group from $15.50 to $14.50 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group‘s price target points to a potential upside of 43.21% from the stock’s previous close.

Other analysts also recently issued reports about the company. Barclays decreased their price target on Flagstar Bank, National Association from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday. Morgan Stanley dropped their price target on Flagstar Bank, National Association from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, September 28th. Wall Street Zen cut Flagstar Bank, National Association from a “hold” rating to a “sell” rating in a research report on Saturday, September 26th. Citigroup reduced their price objective on Flagstar Bank, National Association from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, DA Davidson reaffirmed a “buy” rating and set a $17.00 target price on shares of Flagstar Bank, National Association in a research report on Monday, July 27th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Flagstar Bank, National Association presently has a consensus rating of “Moderate Buy” and an average price target of $14.54.

Flagstar Bank, National Association Trading Down 0.9%

Shares of FLG stock traded down $0.10 on Tuesday, hitting $10.12. The company had a trading volume of 10,025,537 shares, compared to its average volume of 5,136,795. The firm has a market cap of $4.20 billion, a P/E ratio of 67.50 and a beta of 1.05. The stock’s 50-day moving average is $12.46 and its two-hundred day moving average is $13.49. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.96 and a current ratio of 0.96. Flagstar Bank, National Association has a twelve month low of $10.06 and a twelve month high of $15.44.

Flagstar Bank, National Association (NYSE:FLG) last issued its quarterly earnings results on Friday, October 23rd. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). Flagstar Bank, National Association had a return on equity of 1.45% and a net margin of 2.22%. The business had revenue of $530.00 million for the quarter, compared to analyst estimates of $545.12 million. During the same quarter in the previous year, the business posted ($0.07) earnings per share. On average, equities research analysts anticipate 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 authorized a stock buyback plan on Friday, July 24th that authorizes the company to buy back $250 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 4.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Flagstar Bank, National Association

A number of institutional investors have recently made changes to their positions in the business. Hourglass Capital LLC lifted its holdings in Flagstar Bank, National Association by 2.1% in the 3rd quarter. Hourglass Capital LLC now owns 240,100 shares of the company’s stock worth $2,802,000 after buying an additional 5,000 shares during the period. Inspire Investing LLC raised its holdings in shares of Flagstar Bank, National Association by 18.9% during the third quarter. Inspire Investing LLC now owns 54,308 shares of the company’s stock valued at $634,000 after acquiring an additional 8,620 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Flagstar Bank, National Association by 57.8% in the third quarter. State of Alaska Department of Revenue now owns 46,401 shares of the company’s stock worth $541,000 after acquiring an additional 16,996 shares during the period. Farther Finance Advisors LLC lifted its stake in Flagstar Bank, National Association by 26.0% in the third quarter. Farther Finance Advisors LLC now owns 21,218 shares of the company’s stock worth $248,000 after acquiring an additional 4,376 shares during the period. Finally, Core Capital Management & Research inc. purchased a new stake in Flagstar Bank, National Association in the second quarter worth $50,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Key Headlines Impacting Flagstar Bank, National Association

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

• Positive Sentiment: Analyst support remains substantial: Cantor Fitzgerald reaffirmed its “overweight” rating with a $16 price target, while UBS maintained a “buy” rating despite reducing its target to $14.50 from $15.50. These targets imply meaningful potential upside from current levels. Cantor Fitzgerald rating UBS price target update
• Positive Sentiment: Other analysts still see value: Barclays, Truist Financial and TD Cowen retained constructive ratings, although each lowered its price target. The continued “overweight” or “buy” recommendations suggest analysts view the selloff as excessive if Flagstar can stabilize its loan portfolio. Barclays rating Truist Financial rating TD Cowen rating
• Neutral Sentiment: Credit rating was affirmed, but with caution: Fitch affirmed Flagstar’s “BB+” rating while lowering its outlook, citing a delayed recovery. The affirmation limits an immediate downgrade concern, but the weaker outlook signals continued pressure on profitability and asset quality. Fitch rating outlook
• Negative Sentiment: Real-estate credit concerns are the main overhang: Management linked a $12.9 billion rent-regulated apartment loan book to frozen rents and rising capitalization rates. Investors are concerned these conditions could increase loan losses, reduce collateral values and delay recovery; a shareholder investigation has also been announced. Flagstar investigation notice
• Negative Sentiment: Target reductions reflect lower confidence: RBC moved to $12 with a “sector perform” rating, while JPMorgan cut its target to $11.50 and adopted a “neutral” view. The broad downward revisions reinforce concerns that earnings recovery will take longer than previously expected. RBC price target update

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.