Flagstar Bank, National Association (NYSE:FLG) Receives Average Rating of “Hold” from Analysts

Flagstar Bank, National Association (NYSE:FLG) has been assigned an average rating of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $13.8750.

Several equities analysts have weighed in on FLG shares. Cantor Fitzgerald initiated coverage on Flagstar Bank, National Association in a report on Wednesday, September 10th. They set an “overweight” rating and a $15.00 target price on the stock. Morgan Stanley set a $14.00 price objective on Flagstar Bank, National Association and gave the company an “underperform” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. upped their target price on Flagstar Bank, National Association from $12.50 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Citigroup increased their price target on Flagstar Bank, National Association from $15.50 to $16.50 and gave the company a “buy” rating in a report on Tuesday, August 26th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research note on Wednesday, October 8th.

Flagstar Bank, National Association Stock Up 0.9%

FLG opened at $11.17 on Friday. The company has a market capitalization of $4.64 billion, a PE ratio of -11.51 and a beta of 1.19. The business has a 50-day moving average of $11.71 and a 200-day moving average of $11.75. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.02 and a quick ratio of 1.01. Flagstar Bank, National Association has a fifty-two week low of $8.56 and a fifty-two week high of $13.35.

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

Flagstar Bank, National Association Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. Flagstar Bank, National Association’s payout ratio is currently -4.12%.

Institutional Investors Weigh In On Flagstar Bank, National Association

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC acquired a new position in Flagstar Bank, National Association in the second quarter worth $28,000. Financial Freedom LLC bought a new position in shares of Flagstar Bank, National Association in the second quarter valued at about $31,000. UMB Bank n.a. acquired a new position in Flagstar Bank, National Association during the 2nd quarter worth about $33,000. Ameritas Advisory Services LLC bought a new stake in Flagstar Bank, National Association during the 3rd quarter worth about $33,000. Finally, Marquette Asset Management LLC bought a new stake in Flagstar Bank, National Association during the 2nd quarter worth about $35,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Flagstar Bank, National Association Company Profile

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.