Flagstar Bank, National Association (NYSE:FLG) Given New $14.00 Price Target at Keefe, Bruyette & Woods

Flagstar Bank, National Association (NYSE:FLG) had its price target lifted by Keefe, Bruyette & Woods from $13.50 to $14.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

A number of other equities analysts have also commented on FLG. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Thursday, January 22nd. Cantor Fitzgerald increased their price objective on Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. UBS Group decreased their target price on Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. JPMorgan Chase & Co. increased their price target on Flagstar Bank, National Association from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 16th. Finally, DA Davidson restated a “buy” rating and set a $14.50 price target on shares of Flagstar Bank, National Association in a research note on Thursday, November 13th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.46.

Flagstar Bank, National Association Stock Up 2.2%

NYSE:FLG opened at $13.52 on Monday. The company has a market cap of $5.62 billion, a price-to-earnings 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 twelve month low of $9.64 and a twelve month high of $13.85. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. The stock has a fifty day simple moving average of $12.83 and a 200-day simple moving average of $12.16.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FLG. Legacy Edge Advisors LLC purchased a new stake in shares of Flagstar Bank, National Association during the 4th quarter worth $204,000. State of New Jersey Common Pension Fund D raised its holdings in Flagstar Bank, National Association by 10.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 199,156 shares of the company’s stock worth $2,507,000 after purchasing an additional 18,896 shares in the last quarter. Samalin Investment Counsel LLC purchased a new stake in shares of Flagstar Bank, National Association during the fourth quarter valued at about $131,000. D.A. Davidson & CO. boosted its holdings in shares of Flagstar Bank, National Association by 8.2% in the 4th quarter. D.A. Davidson & CO. now owns 277,250 shares of the company’s stock valued at $3,491,000 after buying an additional 21,000 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its position in shares of Flagstar Bank, National Association by 9.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 49,063 shares of the company’s stock worth $618,000 after buying an additional 4,406 shares during the last quarter. 67.88% of the stock is owned by institutional investors.

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.