Flagstar Bank, National Association (NYSE:FLG) Rating Increased to Hold at Wall Street Zen

Flagstar Bank, National Association (NYSE:FLG) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Other equities research analysts have also issued reports about the stock. Morgan Stanley upped their price target on shares of Flagstar Bank, National Association from $14.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. DA Davidson reissued a “buy” rating and issued a $16.00 price target on shares of Flagstar Bank, National Association in a report on Tuesday, February 24th. Keefe, Bruyette & Woods boosted their price objective on shares of Flagstar Bank, National Association from $13.50 to $14.00 and gave the company a “market perform” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. upped their price objective on shares of Flagstar Bank, National Association from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $14.62.

Flagstar Bank, National Association Price Performance

Shares of Flagstar Bank, National Association stock opened at $12.61 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.92 and a quick ratio of 0.99. The business’s 50 day simple moving average is $13.23 and its two-hundred day simple moving average is $12.48. The stock has a market capitalization of $5.25 billion, a P/E ratio of -24.73 and a beta of 1.08. Flagstar Bank, National Association has a one year low of $9.64 and a one year high of $14.53.

Flagstar Bank, National Association (NYSE:FLG) last released its quarterly earnings data on Friday, January 30th. The company reported $0.06 earnings per share 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 firm had revenue of $548.00 million during the quarter, compared to analyst estimates of $533.00 million. During the same quarter in the prior year, the firm posted ($0.41) earnings per share. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. Analysts forecast that Flagstar Bank, National Association will post -0.31 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FLG. DV Equities LLC bought a new stake in shares of Flagstar Bank, National Association during the 4th quarter valued at about $25,000. Litman Gregory Wealth Management LLC bought a new position in Flagstar Bank, National Association in the fourth quarter worth about $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Flagstar Bank, National Association in the fourth quarter worth about $34,000. Ameritas Advisory Services LLC purchased a new stake in Flagstar Bank, National Association in the third quarter worth about $33,000. Finally, Financial Freedom LLC bought a new stake in Flagstar Bank, National Association during the 2nd quarter valued at approximately $31,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

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.