Flagstar Bank, National Association (NYSE:FLG) Receives $14.32 Consensus PT from Analysts

Shares of Flagstar Bank, National Association (NYSE:FLG) have been given an average rating of “Hold” by the fourteen brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $14.4615.

A number of analysts recently commented on the stock. Barclays lifted their target price on shares of Flagstar Bank, National Association from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. DA Davidson raised their price target on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Monday. Cantor Fitzgerald boosted 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 report on Friday, December 19th. Royal Bank Of Canada lifted their price objective on shares of Flagstar Bank, National Association from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, JPMorgan Chase & Co. upped their target price on Flagstar Bank, National Association from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FLG. CWM LLC acquired a new position in Flagstar Bank, National Association during the second quarter worth $28,000. Financial Freedom LLC purchased a new stake in shares of Flagstar Bank, National Association during the second quarter worth about $31,000. Ameritas Advisory Services LLC purchased a new stake in shares of Flagstar Bank, National Association during the third quarter worth about $33,000. Advisory Services Network LLC acquired a new position in shares of Flagstar Bank, National Association during the 3rd quarter worth about $35,000. Finally, Clayton Financial Group LLC purchased a new position in Flagstar Bank, National Association in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Flagstar Bank, National Association Price Performance

FLG opened at $13.52 on Thursday. The firm has a market capitalization of $5.62 billion, a PE ratio of -26.50, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. Flagstar Bank, National Association has a 1 year low of $9.64 and a 1 year high of $13.85. 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 business’s 50-day moving average is $12.83 and its two-hundred day moving average is $12.16.

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

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.