JPMorgan Chase & Co. Issues Positive Forecast for Flagstar Bank, National Association (NYSE:FLG) Stock Price

Flagstar Bank, National Association (NYSE:FLG) had its target price lifted by JPMorgan Chase & Co. from $14.00 to $15.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts have also issued research reports about the company. DA Davidson restated a “buy” rating and set a $14.50 price target on shares of Flagstar Bank, National Association in a report on Thursday, November 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Wednesday, October 8th. Truist Financial raised their target price on shares of Flagstar Bank, National Association from $12.00 to $13.50 and gave the stock a “hold” rating in a report on Friday, September 12th. Cantor Fitzgerald started coverage on shares of Flagstar Bank, National Association in a research note on Wednesday, September 10th. They set an “overweight” rating and a $15.00 price target for the company. Finally, Morgan Stanley set a $14.00 price target on shares of Flagstar Bank, National Association and gave the company an “underperform” rating in a report on Monday, September 29th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Flagstar Bank, National Association presently has an average rating of “Hold” and an average target price of $14.14.

Flagstar Bank, National Association Trading Down 1.2%

FLG opened at $12.94 on Tuesday. The firm has a market cap of $5.38 billion, a P/E ratio of -13.33 and a beta of 1.11. Flagstar Bank, National Association has a 12 month low of $8.56 and a 12 month high of $13.35. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.73. The stock has a 50-day moving average of $11.76 and a 200 day moving average of $11.77.

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

Flagstar Bank, National Association Dividend Announcement

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

Institutional Investors Weigh In On Flagstar Bank, National Association

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLG. LPL Financial LLC bought a new position in Flagstar Bank, National Association in the 1st quarter worth about $2,423,000. Invesco Ltd. purchased a new stake in shares of Flagstar Bank, National Association in the first quarter valued at approximately $8,460,000. Nuveen LLC purchased a new stake in shares of Flagstar Bank, National Association in the first quarter valued at approximately $8,949,000. HighTower Advisors LLC bought a new position in Flagstar Bank, National Association in the first quarter worth approximately $211,000. Finally, Russell Investments Group Ltd. purchased a new position in Flagstar Bank, National Association during the 1st quarter worth $2,706,000. Institutional investors 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.