Flagstar Bank, National Association (NYSE:FLG) Given New $15.00 Price Target at JPMorgan Chase & Co.

Flagstar Bank, National Association (NYSE:FLG) had its price objective increased by JPMorgan Chase & Co. from $14.50 to $15.00 in a research report sent to investors on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other equities research analysts have also issued reports on the company. Cantor Fitzgerald lifted their price objective 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. Royal Bank Of Canada lifted their price target on Flagstar Bank, National Association from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Flagstar Bank, National Association in a report on Thursday, January 22nd. UBS Group lowered their target price on shares of Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Finally, DA Davidson reiterated a “buy” rating and set a $14.50 target price on shares of Flagstar Bank, National Association in a research report on Thursday, November 13th. 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.46.

Flagstar Bank, National Association Trading Up 2.2%

Shares of Flagstar Bank, National Association stock opened at $13.52 on Monday. The company’s 50-day moving average price is $12.83 and its 200-day moving average price is $12.16. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. Flagstar Bank, National Association has a 12-month low of $9.64 and a 12-month high of $13.85. The company has a market cap of $5.62 billion, a price-to-earnings ratio of -26.50, a PEG ratio of 0.57 and a beta of 1.09.

Flagstar Bank, National Association (NYSE:FLG) last posted its earnings results on Friday, January 30th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $548.00 million for the quarter, compared to analyst estimates of $533.00 million. During the same quarter in the prior year, the firm posted ($0.41) EPS. Flagstar Bank, National Association’s revenue was down 10.9% on a year-over-year basis. On average, equities analysts expect that Flagstar Bank, National Association will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Flagstar Bank, National Association

A number of hedge funds have recently made changes to their positions in the business. CWM LLC bought a new position in shares of Flagstar Bank, National Association during the 2nd quarter valued at $28,000. Ameritas Advisory Services LLC bought a new stake in Flagstar Bank, National Association in the third quarter worth $33,000. Financial Freedom LLC purchased a new stake in Flagstar Bank, National Association during the second quarter valued at about $31,000. Advisory Services Network LLC bought a new position in shares of Flagstar Bank, National Association during the third quarter valued at about $35,000. Finally, Clayton Financial Group LLC purchased a new position in shares of Flagstar Bank, National Association in the fourth quarter worth about $42,000. 67.88% of the stock is currently owned by institutional investors.

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.