Flagstar Bank, National Association (NYSE:FLG) Price Target Raised to $16.00 at DA Davidson

Flagstar Bank, National Association (NYSE:FLG) had its price target raised by DA Davidson from $15.00 to $16.00 in a report issued on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also commented on the stock. UBS Group dropped their price objective on shares of Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Barclays lifted their price target on 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. Royal Bank Of Canada boosted their price target on Flagstar Bank, National Association from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Monday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a report on Thursday, January 22nd. Finally, Cantor Fitzgerald boosted their target price on Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Flagstar Bank, National Association presently has an average rating of “Hold” and a consensus target price of $14.46.

Flagstar Bank, National Association Trading Up 2.2%

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. The business’s 50-day simple moving average is $12.83 and its 200-day simple moving average is $12.16. Flagstar Bank, National Association has a fifty-two week low of $9.64 and a fifty-two week high of $13.85. The stock has a market capitalization of $5.62 billion, a PE ratio of -26.50, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.

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

Institutional Trading of Flagstar Bank, National Association

Several institutional investors and hedge funds have recently bought and sold shares of FLG. Norges Bank acquired a new stake in Flagstar Bank, National Association during the 2nd quarter valued at $31,502,000. Amalgamated Bank acquired a new position in shares of Flagstar Bank, National Association in the second quarter valued at $1,394,000. Bank of New York Mellon Corp bought a new position in shares of Flagstar Bank, National Association in the second quarter valued at about $23,059,000. New York State Common Retirement Fund acquired a new stake in shares of Flagstar Bank, National Association during the 2nd quarter worth about $1,020,000. Finally, Natixis boosted its holdings in shares of Flagstar Bank, National Association by 67,492.1% during the 2nd quarter. Natixis now owns 179,795 shares of the company’s stock worth $1,906,000 after buying an additional 179,529 shares during the period. 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.