Flagstar Bank, National Association (NYSE:FLG) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Flagstar Bank, National Association (NYSE:FLG) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Several other analysts have also recently commented on the stock. Cantor Fitzgerald raised their price objective on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Citigroup boosted their target price on Flagstar Bank, National Association from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Flagstar Bank, National Association from $13.50 to $14.00 and gave the stock a “market perform” rating in a research report on Monday, February 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. increased their target price on Flagstar Bank, National Association from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.62.

Flagstar Bank, National Association Price Performance

Shares of FLG opened at $12.61 on Friday. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of -24.73 and a beta of 1.08. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.92. The firm has a 50-day simple moving average of $13.23 and a 200-day simple moving average of $12.48. Flagstar Bank, National Association has a fifty-two week low of $9.64 and a fifty-two week high of $14.53.

Flagstar Bank, National Association (NYSE:FLG) last released its earnings results on Friday, January 30th. The company reported $0.06 EPS for the quarter, topping 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 company had revenue of $548.00 million during the quarter, compared to analysts’ expectations of $533.00 million. During the same quarter last year, the business earned ($0.41) EPS. The business’s revenue was down 10.9% on a year-over-year basis. On average, equities research analysts anticipate that Flagstar Bank, National Association will post -0.31 earnings per share for the current year.

Flagstar Bank, National Association Announces Dividend

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

Hedge Funds Weigh In On Flagstar Bank, National Association

Several hedge funds and other institutional investors have recently bought and sold shares of FLG. Virtu Financial LLC acquired a new stake in Flagstar Bank, National Association during the 4th quarter valued at $324,000. Invesco Ltd. raised its holdings in shares of Flagstar Bank, National Association by 16.3% during the fourth quarter. Invesco Ltd. now owns 967,095 shares of the company’s stock worth $12,176,000 after purchasing an additional 135,890 shares during the period. Corient Private Wealth LLC boosted its stake in Flagstar Bank, National Association by 4.5% in the fourth quarter. Corient Private Wealth LLC now owns 49,175 shares of the company’s stock valued at $593,000 after acquiring an additional 2,136 shares during the period. Alberta Investment Management Corp acquired a new position in Flagstar Bank, National Association during the 4th quarter valued at approximately $3,953,000. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of Flagstar Bank, National Association by 14.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,371 shares of the company’s stock valued at $231,000 after acquiring an additional 2,311 shares during the period. 67.88% of the stock is owned by institutional investors and hedge funds.

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.