Flagstar Bank, National Association (NYSE:FLG) Given New $15.00 Price Target at Royal Bank Of Canada

Flagstar Bank, National Association (NYSE:FLG) had its price objective increased by Royal Bank Of Canada from $13.00 to $15.00 in a research report report published on Monday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other research analysts have also recently weighed in on FLG. Weiss Ratings reissued a “sell (d-)” rating on shares of Flagstar Bank, National Association in a report on Thursday, January 22nd. Cantor Fitzgerald lifted their target price on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Keefe, Bruyette & Woods boosted their target price on shares of Flagstar Bank, National Association from $13.50 to $14.00 and gave the company a “market perform” rating in a research note on Monday. UBS Group dropped their price target on Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Finally, Barclays lifted their price objective on Flagstar Bank, National Association from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $14.46.

Flagstar Bank, National Association Trading Up 2.2%

Shares of NYSE:FLG opened at $13.52 on Monday. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.00 and a quick ratio of 0.99. Flagstar Bank, National Association has a 1 year low of $9.64 and a 1 year high of $13.85. The company has a market cap of $5.62 billion, a P/E ratio of -26.50, a PEG ratio of 0.57 and a beta of 1.09. The stock’s fifty day moving average price is $12.83 and its 200-day moving average price is $12.16.

Flagstar Bank, National Association (NYSE:FLG) last released its quarterly earnings data on Friday, January 30th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The company had revenue of $548.00 million during the quarter, compared to the consensus estimate of $533.00 million. Flagstar Bank, National Association had a negative return on equity of 1.60% and a negative net margin of 3.68%.Flagstar Bank, National Association’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period last year, the company earned ($0.41) EPS. Sell-side analysts expect that Flagstar Bank, National Association will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On Flagstar Bank, National Association

A number of institutional investors have recently bought and sold shares of FLG. CWM LLC purchased a new position in Flagstar Bank, National Association during the second quarter valued at $28,000. Financial Freedom LLC purchased a new stake in Flagstar Bank, National Association in the second quarter worth about $31,000. Ameritas Advisory Services LLC bought a new position in shares of Flagstar Bank, National Association in the third quarter worth about $33,000. Advisory Services Network LLC bought a new position in shares of Flagstar Bank, National Association in the third quarter worth about $35,000. Finally, Clayton Financial Group LLC bought a new position in shares of Flagstar Bank, National Association in the fourth quarter worth about $42,000. 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.