Analysts Set Flagstar Bank, National Association (NYSE:FLG) Price Target at $14.86

Flagstar Bank, National Association (NYSE:FLG) has earned an average rating of “Hold” from the fifteen brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $14.8571.

Several analysts have weighed in on FLG shares. Morgan Stanley boosted their price target on shares of Flagstar Bank, National Association from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Barclays upped their price objective on shares of Flagstar Bank, National Association from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Piper Sandler began coverage on Flagstar Bank, National Association in a research report on Monday, March 16th. They issued an “overweight” rating and a $16.00 price objective on the stock. Keefe, Bruyette & Woods raised shares of Flagstar Bank, National Association from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $14.00 to $16.00 in a research report on Friday, March 13th. Finally, JPMorgan Chase & Co. boosted their price target on shares of 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.

Hedge Funds Weigh In On Flagstar Bank, National Association

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC bought a new position in Flagstar Bank, National Association in the 1st quarter valued at approximately $2,039,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Flagstar Bank, National Association during the first quarter valued at approximately $1,754,000. Goldman Sachs Group Inc. purchased a new position in shares of Flagstar Bank, National Association during the 1st quarter worth $21,022,000. United Services Automobile Association bought a new stake in shares of Flagstar Bank, National Association during the 1st quarter valued at $219,000. Finally, Empowered Funds LLC bought a new stake in shares of Flagstar Bank, National Association during the 1st quarter valued at $516,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Flagstar Bank, National Association Price Performance

Shares of NYSE:FLG opened at $12.25 on Friday. The company has a 50 day moving average of $13.18 and a 200 day moving average of $12.46. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.59. The stock has a market cap of $5.09 billion, a P/E ratio of -24.01 and a beta of 1.08. Flagstar Bank, National Association has a 12 month low of $9.64 and a 12 month high of $14.53.

Flagstar Bank, National Association (NYSE:FLG) last released its quarterly earnings results on Friday, January 30th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $533.00 million. During the same quarter last year, the firm posted ($0.41) EPS. The company’s revenue was down 10.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Flagstar Bank, National Association will post -0.31 EPS for the current fiscal year.

Flagstar Bank, National Association Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Saturday, March 7th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, March 6th. Flagstar Bank, National Association’s dividend payout ratio is -7.84%.

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.