Flagstar Bank, National Association (NYSE:FLG) Receives $14.05 Consensus Target Price from Brokerages

Shares of Flagstar Bank, National Association (NYSE:FLG) have earned an average recommendation of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $14.0455.

FLG has been the topic of several recent analyst reports. Morgan Stanley set a $14.00 price target on Flagstar Bank, National Association and gave the stock an “underperform” rating in a research note on Monday, September 29th. Truist Financial increased their price target on shares of Flagstar Bank, National Association from $12.00 to $13.50 and gave the stock a “hold” rating in a research report on Friday, September 12th. UBS Group reduced their price objective 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. DA Davidson restated a “buy” rating and set a $14.50 price objective on shares of Flagstar Bank, National Association in a research note on Thursday, November 13th. Finally, Citigroup boosted their target price on shares of Flagstar Bank, National Association from $15.50 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, August 26th.

Flagstar Bank, National Association Stock Performance

Shares of FLG stock opened at $12.87 on Wednesday. Flagstar Bank, National Association has a one year low of $8.56 and a one year high of $13.35. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of -13.26 and a beta of 1.11. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.01 and a current ratio of 1.02. The company has a 50 day moving average price of $11.72 and a 200 day moving average price of $11.75.

Flagstar Bank, National Association (NYSE:FLG) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.07) EPS for the quarter. Flagstar Bank, National Association had a negative return on equity of 3.80% and a negative net margin of 7.06%.The firm had revenue of $498.00 million for the quarter. Sell-side analysts anticipate that Flagstar Bank, National Association will post -0.31 EPS for the current year.

Flagstar Bank, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Sunday, December 7th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, December 5th. Flagstar Bank, National Association’s dividend payout ratio is presently -4.12%.

Institutional Trading of Flagstar Bank, National Association

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

About Flagstar Bank, National Association

Flagstar Financial, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company’s deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.