Flagstar Bank, National Association (NYSE:FLG) Receives “Buy” Rating from DA Davidson

DA Davidson reissued their buy rating on shares of Flagstar Bank, National Association (NYSE:FLG) in a research report sent to investors on Tuesday morning,Benzinga reports. DA Davidson currently has a $16.00 price objective on the stock.

Other research analysts have also recently issued reports about the stock. 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 report on Friday, December 19th. UBS Group reduced 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 research report on Wednesday, November 5th. Citigroup boosted their price objective on shares of Flagstar Bank, National Association from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. upped their price objective on Flagstar Bank, National Association from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada lifted their target price on Flagstar Bank, National Association from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Flagstar Bank, National Association has an average rating of “Hold” and an average target price of $14.46.

Flagstar Bank, National Association Stock Performance

Shares of FLG opened at $13.58 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.59. The stock has a market cap of $5.64 billion, a P/E ratio of -26.62 and a beta of 1.10. The business’s 50 day moving average price is $13.24 and its 200-day moving average price is $12.42. Flagstar Bank, National Association has a 52 week low of $9.64 and a 52 week high of $14.53.

Flagstar Bank, National Association (NYSE:FLG) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. Flagstar Bank, National Association had a negative return on equity of 1.60% and a negative net margin of 3.68%.The business had revenue of $548.00 million during the quarter, compared to analysts’ expectations of $533.00 million. During the same quarter in the previous year, the business earned ($0.41) earnings per share. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. Equities research analysts anticipate that Flagstar Bank, National Association will post -0.31 earnings per share for the current fiscal year.

Flagstar Bank, National Association Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Saturday, March 7th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $0.04 annualized dividend and a yield of 0.3%. Flagstar Bank, National Association’s payout ratio is currently -7.84%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FLG. DV Equities LLC bought a new position in Flagstar Bank, National Association in the 4th quarter worth $25,000. CWM LLC purchased a new position in shares of Flagstar Bank, National Association in the second quarter valued at about $28,000. Financial Freedom LLC bought a new position in shares of 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. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Flagstar Bank, National Association during the fourth quarter worth about $34,000. Hedge funds and other institutional investors 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.