Flagstar Bank, National Association (NYSE:FLG) Given Average Recommendation of “Moderate Buy” by Analysts

Flagstar Bank, National Association (NYSE:FLG) has earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $15.1786.

Several research firms have commented on FLG. Barclays increased their price target on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, April 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Thursday, January 22nd. Citigroup increased their price target on shares of Flagstar Bank, National Association from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Piper Sandler initiated coverage on Flagstar Bank, National Association in a research note on Monday, March 16th. They set an “overweight” rating and a $16.00 target price on the stock. Finally, Wall Street Zen downgraded Flagstar Bank, National Association from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th.

Hedge Funds Weigh In On Flagstar Bank, National Association

Several hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC increased its holdings in shares of Flagstar Bank, National Association by 14,586.4% during the first quarter. SG Americas Securities LLC now owns 2,098,389 shares of the company’s stock valued at $27,636,000 after acquiring an additional 2,084,101 shares in the last quarter. World Investment Advisors increased its holdings in shares of Flagstar Bank, National Association by 204.2% during the fourth quarter. World Investment Advisors now owns 43,881 shares of the company’s stock valued at $552,000 after acquiring an additional 29,458 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Flagstar Bank, National Association during the fourth quarter valued at about $324,000. Invesco Ltd. increased 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 valued at $12,176,000 after acquiring an additional 135,890 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of Flagstar Bank, National Association by 4.5% during 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 in the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

Flagstar Bank, National Association Stock Performance

FLG stock opened at $14.62 on Tuesday. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of -28.67 and a beta of 1.02. The firm has a 50-day simple moving average of $13.33 and a two-hundred day simple moving average of $12.66. Flagstar Bank, National Association has a one year low of $10.27 and a one year high of $14.80. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.91 and a current ratio of 0.92.

Flagstar Bank, National Association (NYSE:FLG) last released its quarterly earnings results on Friday, January 30th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The business had revenue of $548.00 million during the quarter, compared to analyst estimates 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 company’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.41) earnings per share. On average, equities analysts forecast that Flagstar Bank, National Association will post -0.31 EPS for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Saturday, March 7th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, March 6th. Flagstar Bank, National Association’s payout ratio is -7.84%.

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.