Flagstar Bank, National Association (NYSE:FLG) Given Average Rating of “Hold” by Brokerages

Shares of Flagstar Bank, National Association (NYSE:FLG) have received an average recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $14.4615.

A number of research analysts recently issued reports on the company. Royal Bank Of Canada lifted their target price on Flagstar Bank, National Association from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. JPMorgan Chase & Co. lifted their price objective on 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. Barclays boosted their price objective on Flagstar Bank, National Association from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Cantor Fitzgerald raised their target price on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a report on Thursday, January 22nd.

Institutional Trading of Flagstar Bank, National Association

A number of hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new position in Flagstar Bank, National Association during the 1st quarter worth approximately $2,039,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Flagstar Bank, National Association in the 1st quarter valued at approximately $1,754,000. Goldman Sachs Group Inc. purchased a new stake in shares of Flagstar Bank, National Association in the first quarter valued at approximately $21,022,000. United Services Automobile Association acquired a new position in Flagstar Bank, National Association during the first quarter worth $219,000. Finally, Empowered Funds LLC purchased a new position in Flagstar Bank, National Association in the first quarter worth $516,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Flagstar Bank, National Association Stock Up 4.8%

FLG stock opened at $14.01 on Monday. Flagstar Bank, National Association has a one year low of $9.64 and a one year high of $14.53. The firm has a market cap of $5.82 billion, a PE ratio of -27.46 and a beta of 1.10. The firm’s 50 day moving average price is $13.22 and its 200-day moving average price is $12.39. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 1.00.

Flagstar Bank, National Association (NYSE:FLG) last released its quarterly earnings results on Friday, January 30th. The company reported $0.06 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $533.00 million. During the same period in the previous year, the firm earned ($0.41) EPS. The business’s revenue was down 10.9% on a year-over-year basis. On average, equities research analysts anticipate that Flagstar Bank, National Association will post -0.31 EPS for the current year.

Flagstar Bank, National Association Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Saturday, March 7th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, March 6th. Flagstar Bank, National Association’s dividend payout ratio is presently -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.