Flagstar Bank, National Association (NYSE:FLG – Free Report) had its price objective raised by Royal Bank Of Canada from $15.00 to $16.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a sector perform rating on the stock.
A number of other equities research analysts have also commented on the company. Keefe, Bruyette & Woods upgraded Flagstar Bank, National Association from a “market perform” rating to an “outperform” rating and upped their price target for the company from $14.00 to $16.00 in a research report on Friday, March 13th. Wall Street Zen lowered Flagstar Bank, National Association from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. DA Davidson upped their price target on Flagstar Bank, National Association from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Monday. Barclays upped their price target on Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, April 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.36.
View Our Latest Stock Report on FLG
Flagstar Bank, National Association Price Performance
Flagstar Bank, National Association (NYSE:FLG – Get Free Report) last issued its earnings results on Friday, April 24th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Flagstar Bank, National Association had a negative return on equity of 0.11% and a negative net margin of 1.22%.The business had revenue of $507.00 million during the quarter, compared to analysts’ expectations of $556.74 million. During the same quarter in the prior year, the firm earned ($0.26) EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts anticipate that Flagstar Bank, National Association will post 0.53 earnings per share for the current fiscal year.
Flagstar Bank, National Association Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Sunday, June 7th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, June 5th. Flagstar Bank, National Association’s payout ratio is -18.18%.
Institutional Investors Weigh In On Flagstar Bank, National Association
Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in shares of Flagstar Bank, National Association by 310.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,825,713 shares of the company’s stock valued at $44,187,000 after purchasing an additional 2,894,424 shares in the last quarter. Old West Investment Management LLC bought a new stake in shares of Flagstar Bank, National Association during the 3rd quarter valued at about $3,124,000. Allianz Asset Management GmbH boosted its position in shares of Flagstar Bank, National Association by 28.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 184,470 shares of the company’s stock valued at $2,131,000 after purchasing an additional 40,374 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Flagstar Bank, National Association by 134.3% during the 3rd quarter. TD Asset Management Inc now owns 155,084 shares of the company’s stock valued at $1,791,000 after purchasing an additional 88,890 shares in the last quarter. Finally, Polar Asset Management Partners Inc. boosted its position in shares of Flagstar Bank, National Association by 268.4% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 345,953 shares of the company’s stock valued at $3,996,000 after purchasing an additional 252,053 shares in the last quarter. Institutional investors own 67.88% of the company’s stock.
Key Flagstar Bank, National Association News
Here are the key news stories impacting Flagstar Bank, National Association this week:
- Positive Sentiment: Piper Sandler raised its price target to $16.50 and moved to an “overweight” rating (≈17.8% upside vs. current price), signaling stronger sell‑side conviction. Piper Sandler PT Raise
- Positive Sentiment: DA Davidson raised its target to $17.00 and kept a “buy” rating (≈21.4% upside), another bullish analyst move that can attract buyers. DA Davidson PT Raise
- Positive Sentiment: RBC lifted its target to $16.00 with a “sector perform” rating (≈14.2% upside), adding incremental sell‑side support. RBC PT Raise
- Positive Sentiment: Analysis highlights improving fundamentals: back‑to‑back profitability, a Fitch upgrade to BB, rising deposits and reduced CRE exposure — factors that support valuation vs. tangible book. Seeking Alpha: Profitability & Rating Upgrade
- Neutral Sentiment: The Board declared a quarterly common dividend of $0.01/share (annualized yield ~0.3%), payable June 17 to holders of record June 7 — a modest cash return that signals capital distribution but is unlikely to materially move the stock. PR Newswire: Dividend Declaration
- Negative Sentiment: Q1 results beat on EPS (helped by net interest income), but non‑interest income declined year‑over‑year and revenue missed some expectations; the market reacted with a dip as fee income weakness raises near‑term profitability questions. Zacks: Q1 Earnings & Fee Income Decline
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.
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