Flagstar Bank, National Association (NYSE:FLG) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Flagstar Bank, National Association (NYSE:FLG – Free Report) from a sell rating to a hold rating in a report issued on Saturday morning.

A number of other brokerages have also recently commented on FLG. DA Davidson increased their target price on Flagstar Bank, National Association from $16.00 to $17.00 and gave the company a “buy” rating in a report on Monday, April 27th. UBS Group began coverage on Flagstar Bank, National Association in a research report on Tuesday, July 7th. They set a “buy” rating and a $18.00 price objective for the company. Cantor Fitzgerald upped their target price on shares of Flagstar Bank, National Association from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Truist Financial upgraded shares of Flagstar Bank, National Association from a “hold” rating to a “buy” rating and lifted their price target for the stock from $13.50 to $17.00 in a report on Tuesday, April 7th. Finally, Piper Sandler upped their price objective on shares of Flagstar Bank, National Association from $16.50 to $17.50 and gave the company an “overweight” rating in a research note on Friday, June 26th. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.96.

Read Our Latest Research Report on Flagstar Bank, National Association

Flagstar Bank, National Association Stock Performance

NYSE:FLG opened at $14.87 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $6.20 billion, a P/E ratio of -67.57 and a beta of 1.01. The firm has a 50-day moving average price of $14.44 and a two-hundred day moving average price of $13.75. Flagstar Bank, National Association has a twelve month low of $10.57 and a twelve month high of $15.44.

Flagstar Bank, National Association (NYSE:FLG – Get Free Report) last announced its quarterly earnings results on Friday, April 24th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $507.00 million for the quarter, compared to the consensus estimate of $556.74 million. Flagstar Bank, National Association had a negative net margin of 1.22% and a negative return on equity of 0.11%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.26) earnings per share. As a group, research analysts expect that Flagstar Bank, National Association will post 0.43 earnings per share for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Sunday, June 7th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. Flagstar Bank, National Association’s dividend payout ratio is currently -18.18%.

Institutional Investors Weigh In On Flagstar Bank, National Association

A number of institutional investors have recently bought and sold shares of the stock. DV Equities LLC purchased a new position in Flagstar Bank, National Association during the fourth quarter worth approximately $25,000. Litman Gregory Wealth Management LLC acquired a new stake in shares of Flagstar Bank, National Association during the 4th quarter worth $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Flagstar Bank, National Association in the 4th quarter worth $34,000. Advisory Services Network LLC acquired a new position in Flagstar Bank, National Association in the third quarter valued at $35,000. Finally, Clayton Financial Group LLC acquired a new position in Flagstar Bank, National Association in the fourth quarter valued at $42,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Flagstar Bank, National Association Company Profile

(Get Free Report)

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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