Flagstar Bank, National Association (NYSE:FLG) Given New $14.50 Price Target at UBS Group

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

A number of other equities research analysts have also recently commented on the stock. Raymond James Financial initiated coverage on shares of Flagstar Bank, National Association in a research note on Wednesday, September 2nd. They set a “market perform” rating on the stock. Wall Street Zen lowered Flagstar Bank, National Association from a “hold” rating to a “sell” rating in a research note on Saturday, September 26th. Morgan Stanley cut their price target on Flagstar Bank, National Association from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, September 28th. Weiss Ratings raised Flagstar Bank, National Association from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Finally, Citigroup lowered their price target on Flagstar Bank, National Association from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.54.

Flagstar Bank, National Association Stock Performance

Shares of FLG stock traded down $0.10 during trading hours on Tuesday, reaching $10.12. 10,025,537 shares of the company traded hands, compared to its average volume of 5,136,795. Flagstar Bank, National Association has a 12-month low of $10.06 and a 12-month high of $15.44. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $4.20 billion, a P/E ratio of 67.50 and a beta of 1.05. The firm has a 50-day moving average price of $12.46 and a 200 day moving average price of $13.49.

Flagstar Bank, National Association (NYSE:FLG) last posted its quarterly earnings data 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 net margin of 2.22% and a return on equity of 1.45%. The firm had revenue of $530.00 million for the quarter, compared to the consensus estimate of $545.12 million. During the same quarter last year, the firm earned ($0.07) EPS. As a group, sell-side analysts predict 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 of Directors has initiated a share repurchase program on Friday, July 24th that allows the company to repurchase $250 million in shares. This buyback authorization allows the company to purchase up to 4.1% of its stock through open market purchases. Share buyback programs are often a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Hourglass Capital LLC boosted its stake in shares of Flagstar Bank, National Association by 2.1% in the 3rd quarter. Hourglass Capital LLC now owns 240,100 shares of the company’s stock valued at $2,802,000 after buying an additional 5,000 shares during the period. Inspire Investing LLC raised its holdings in Flagstar Bank, National Association by 18.9% in 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 raised its holdings 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 valued at $541,000 after acquiring an additional 16,996 shares in the last quarter. Farther Finance Advisors LLC raised its holdings 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 valued at $248,000 after acquiring an additional 4,376 shares in the last quarter. Finally, Core Capital Management & Research inc. purchased a new position in Flagstar Bank, National Association in the second quarter worth approximately $50,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

More Flagstar Bank, National Association News

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.