Flagstar Bank, National Association (NYSE:FLG) Receives $15.18 Consensus PT from Analysts
by Doug Wharley · The Cerbat GemShares of Flagstar Bank, National Association (NYSE:FLG – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $15.1786.
FLG has been the topic of several research analyst reports. Cantor Fitzgerald increased their price target 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. Keefe, Bruyette & Woods raised shares of Flagstar Bank, National Association from a “market perform” rating to an “outperform” rating and increased their price target for the company from $14.00 to $16.00 in a report on Friday, March 13th. JPMorgan Chase & Co. increased their price target on shares of Flagstar Bank, National Association from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. DA Davidson reissued a “buy” rating and issued a $16.00 price target on shares of Flagstar Bank, National Association in a report on Tuesday, February 24th. Finally, Wall Street Zen cut shares of Flagstar Bank, National Association from a “hold” rating to a “sell” rating in a report on Saturday, April 11th.
Read Our Latest Stock Report on Flagstar Bank, National Association
Institutional Investors Weigh In On Flagstar Bank, National Association
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. raised its position in shares of Flagstar Bank, National Association by 23.6% in the fourth quarter. UMB Bank n.a. now owns 3,766 shares of the company’s stock valued at $47,000 after buying an additional 719 shares in the last quarter. Allworth Financial LP raised its position in shares of Flagstar Bank, National Association by 8.6% in the fourth quarter. Allworth Financial LP now owns 10,994 shares of the company’s stock valued at $138,000 after buying an additional 869 shares in the last quarter. Balefire LLC raised its position in shares of Flagstar Bank, National Association by 1.6% in the third quarter. Balefire LLC now owns 58,703 shares of the company’s stock valued at $678,000 after buying an additional 909 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Flagstar Bank, National Association by 6.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 16,060 shares of the company’s stock valued at $185,000 after buying an additional 936 shares in the last quarter. Finally, Collar Capital Management LLC raised its position in shares of Flagstar Bank, National Association by 0.9% in the fourth quarter. Collar Capital Management LLC now owns 117,025 shares of the company’s stock valued at $1,473,000 after buying an additional 1,075 shares in the last quarter. 67.88% of the stock is currently owned by institutional investors and hedge funds.
Flagstar Bank, National Association Stock Up 0.9%
Flagstar Bank, National Association stock opened at $14.26 on Tuesday. The stock has a market cap of $5.93 billion, a P/E ratio of -27.95 and a beta of 1.02. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.59. Flagstar Bank, National Association has a twelve month low of $10.27 and a twelve month high of $14.53. The company’s 50-day moving average price is $13.32 and its two-hundred day moving average price is $12.63.
Flagstar Bank, National Association (NYSE:FLG – Get Free Report) last released its quarterly earnings results on Friday, January 30th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $548.00 million for the quarter, compared to analysts’ expectations of $533.00 million. Flagstar Bank, National Association had a negative net margin of 3.68% and a negative return on equity of 1.60%. The business’s revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.41) EPS. As a group, analysts expect that Flagstar Bank, National Association will post -0.31 EPS for the current year.
Flagstar Bank, National Association Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Saturday, March 7th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. Flagstar Bank, National Association’s dividend payout ratio (DPR) is currently -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.