Flagstar Bank, National Association (NYSE:FLG) Price Target Raised to $15.00

Flagstar Bank, National Association (NYSE:FLG) had its price target raised by Barclays from $14.00 to $15.00 in a report published on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts have also issued reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research note on Wednesday, October 8th. Morgan Stanley set a $14.00 target price on Flagstar Bank, National Association and gave the company an “underperform” rating in a report on Monday, September 29th. Cantor Fitzgerald lifted their price target on Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday. TD Cowen assumed coverage on Flagstar Bank, National Association in a report on Thursday, September 25th. They set a “hold” rating and a $14.00 price objective on the stock. Finally, Truist Financial upped their price objective on shares of Flagstar Bank, National Association from $12.00 to $13.50 and gave the company a “hold” rating in a research note on Friday, September 12th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.32.

Flagstar Bank, National Association Stock Down 0.9%

NYSE FLG opened at $13.36 on Friday. Flagstar Bank, National Association has a 12 month low of $8.56 and a 12 month high of $13.85. The company has a market capitalization of $5.55 billion, a P/E ratio of -13.77 and a beta of 1.11. The company’s 50 day simple moving average is $11.85 and its 200 day simple moving average is $11.81. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.02 and a quick ratio of 1.01.

Flagstar Bank, National Association (NYSE:FLG) last issued its earnings results on Thursday, November 6th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $498.00 million for the quarter. Flagstar Bank, National Association had a negative return on equity of 3.80% and a negative net margin of 7.06%. Equities research analysts expect that Flagstar Bank, National Association will post -0.31 earnings per share for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Sunday, December 7th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, December 5th. Flagstar Bank, National Association’s payout ratio is -4.12%.

Institutional Trading of Flagstar Bank, National Association

A number of hedge funds have recently made changes to their positions in the stock. CWM LLC purchased a new position in Flagstar Bank, National Association during the second quarter valued at approximately $28,000. Financial Freedom LLC acquired a new stake in shares of Flagstar Bank, National Association during the 2nd quarter valued at $31,000. UMB Bank n.a. purchased a new position in shares of Flagstar Bank, National Association during the 2nd quarter valued at $33,000. Ameritas Advisory Services LLC purchased a new position in shares of Flagstar Bank, National Association during the 3rd quarter valued at $33,000. Finally, Marquette Asset Management LLC purchased a new stake in shares of Flagstar Bank, National Association during the second quarter worth $35,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

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.