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

Shares of Flagstar Bank, National Association (NYSE:FLG) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $14.3182.

A number of brokerages have weighed in on FLG. UBS Group cut their price target on shares of Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Barclays boosted 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 report on Friday, December 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a report on Thursday, January 22nd. DA Davidson restated a “buy” rating and issued a $14.50 price target on shares of Flagstar Bank, National Association in a research report on Thursday, November 13th. Finally, Cantor Fitzgerald upped their price target on Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, December 19th.

Flagstar Bank, National Association Stock Down 1.1%

Shares of FLG stock opened at $12.93 on Thursday. Flagstar Bank, National Association has a 1 year low of $9.47 and a 1 year high of $13.85. 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 business’s fifty day moving average is $12.70 and its 200-day moving average is $12.11. The stock has a market cap of $5.38 billion, a PE ratio of -13.33, a price-to-earnings-growth ratio of 0.56 and a beta of 1.09.

Flagstar Bank, National Association (NYSE:FLG) last announced its earnings results on Thursday, November 6th. The company reported ($0.07) earnings per share for the quarter. The firm 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%. Equities analysts expect that Flagstar Bank, National Association will post -0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Flagstar Bank, National Association

Hedge funds and other institutional investors have recently modified their holdings of the stock. Balefire LLC increased its holdings in shares of Flagstar Bank, National Association by 1.6% in the 3rd quarter. Balefire LLC now owns 58,703 shares of the company’s stock valued at $678,000 after purchasing an additional 909 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Flagstar Bank, National Association by 6.2% during the third quarter. Mercer Global Advisors Inc. ADV now owns 16,060 shares of the company’s stock worth $185,000 after purchasing an additional 936 shares during the period. Rockefeller Capital Management L.P. grew its position in 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 purchasing an additional 1,010 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in Flagstar Bank, National Association by 5.3% during the third quarter. TD Waterhouse Canada Inc. now owns 23,036 shares of the company’s stock valued at $270,000 after purchasing an additional 1,168 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Flagstar Bank, National Association by 1.5% in the 3rd 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.

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.