Flagstar Bank, National Association (NYSE:FLG) Price Target Raised to $16.00

Flagstar Bank, National Association (NYSE:FLG) had its price target raised by DA Davidson from $15.00 to $16.00 in a report released on Monday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

A number of other analysts have also recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Flagstar Bank, National Association from $13.50 to $14.00 and gave the stock a “market perform” rating in a research note on Monday. Royal Bank Of Canada lifted their price objective on Flagstar Bank, National Association from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Monday. Cantor Fitzgerald increased their target price on Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research note on Thursday, January 22nd. Finally, UBS Group dropped their price target on Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $14.46.

Flagstar Bank, National Association Trading Up 0.1%

Shares of FLG stock opened at $13.98 on Monday. Flagstar Bank, National Association has a 1-year low of $9.64 and a 1-year high of $14.43. The company has a market cap of $5.81 billion, a price-to-earnings ratio of -27.41, a PEG ratio of 0.67 and a beta of 1.10. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.00 and a quick ratio of 0.99. The stock has a 50 day simple moving average of $12.91 and a 200-day simple moving average of $12.19.

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

Institutional Investors Weigh In On Flagstar Bank, National Association

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Balefire LLC boosted its stake in Flagstar Bank, National Association by 1.6% during the third quarter. Balefire LLC now owns 58,703 shares of the company’s stock worth $678,000 after buying an additional 909 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Flagstar Bank, National Association by 6.2% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,060 shares of the company’s stock worth $185,000 after acquiring an additional 936 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Flagstar Bank, National Association by 1.7% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 61,131 shares of the company’s stock valued at $648,000 after acquiring an additional 1,010 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Flagstar Bank, National Association by 5.3% in the third quarter. TD Waterhouse Canada Inc. now owns 23,036 shares of the company’s stock valued at $270,000 after purchasing an additional 1,168 shares during the period. Finally, Arizona State Retirement System grew its holdings in shares of Flagstar Bank, National Association by 1.5% in the third quarter. Arizona State Retirement System now owns 92,120 shares of the company’s stock valued at $1,064,000 after purchasing an additional 1,346 shares during the period. Institutional investors and hedge funds own 67.88% of the company’s stock.

Flagstar Bank, National Association Company Profile

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.