Flagstar Bank, National Association (NYSE:FLG) Receives $14.46 Average PT from Brokerages

Shares of Flagstar Bank, National Association (NYSE:FLG) have earned an average rating of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $14.4615.

FLG has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Royal Bank Of Canada raised their price target on shares of Flagstar Bank, National Association from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Flagstar Bank, National Association in a report on Thursday, January 22nd. Citigroup increased their price objective on Flagstar Bank, National Association from $16.00 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Finally, Keefe, Bruyette & Woods raised their target price on Flagstar Bank, National Association from $13.50 to $14.00 and gave the company a “market perform” rating in a report on Monday, February 2nd.

Flagstar Bank, National Association Trading Down 6.6%

NYSE FLG opened at $12.65 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.59. Flagstar Bank, National Association has a 52 week low of $9.64 and a 52 week high of $14.53. The business has a 50 day moving average price of $13.24 and a 200-day moving average price of $12.45. The company has a market cap of $5.26 billion, a price-to-earnings ratio of -24.81 and a beta of 1.10.

Flagstar Bank, National Association (NYSE:FLG) last posted its quarterly earnings results on Friday, January 30th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. Flagstar Bank, National Association had a negative net margin of 3.68% and a negative return on equity of 1.60%. The business had revenue of $548.00 million during the quarter, compared to the consensus estimate of $533.00 million. During the same quarter last year, the firm posted ($0.41) EPS. Flagstar Bank, National Association’s revenue was down 10.9% compared to the same quarter last year. As a group, equities analysts expect that Flagstar Bank, National Association will post -0.31 earnings per share for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Saturday, March 7th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, March 6th. This represents a $0.04 annualized dividend and a yield of 0.3%. Flagstar Bank, National Association’s dividend payout ratio (DPR) is -7.84%.

Institutional Trading of Flagstar Bank, National Association

Several institutional investors and hedge funds have recently made changes to their positions in the company. DV Equities LLC purchased a new position in Flagstar Bank, National Association during the fourth quarter worth about $25,000. CWM LLC bought a new position in shares of Flagstar Bank, National Association during the 2nd quarter worth approximately $28,000. Financial Freedom LLC bought a new position in shares of Flagstar Bank, National Association during the 2nd quarter worth approximately $31,000. Ameritas Advisory Services LLC purchased a new position in shares of Flagstar Bank, National Association in the 3rd quarter worth approximately $33,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Flagstar Bank, National Association in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors 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.