Brokerages Set Flagstar Bank, National Association (NYSE:FLG) Price Target at $14.32

Flagstar Bank, National Association (NYSE:FLG) has received an average rating of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $14.3182.

A number of equities research analysts have recently commented on FLG shares. DA Davidson reaffirmed a “buy” rating and set a $14.50 price target on shares of Flagstar Bank, National Association in a research report on Thursday, November 13th. JPMorgan Chase & Co. raised their target price on shares of Flagstar Bank, National Association from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, December 16th. UBS Group cut their price target 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. Truist Financial increased their price objective on shares of Flagstar Bank, National Association from $12.00 to $13.50 and gave the stock a “hold” rating in a research report on Friday, September 12th. Finally, Morgan Stanley set a $14.00 price objective on shares of Flagstar Bank, National Association and gave the stock an “underperform” rating in a report on Monday, September 29th.

Flagstar Bank, National Association Price Performance

Shares of FLG stock opened at $13.11 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 1.73. Flagstar Bank, National Association has a 12-month low of $8.56 and a 12-month high of $13.85. The firm has a fifty day moving average of $12.16 and a 200-day moving average of $11.92. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of -13.52, a price-to-earnings-growth ratio of 0.53 and a beta of 1.09.

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

Flagstar Bank, National Association Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Sunday, December 7th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, December 5th. 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 -4.12%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Inspire Investing LLC bought a new stake in Flagstar Bank, National Association in the 1st quarter valued at $422,000. Mendon Capital Advisors Corp bought a new position in Flagstar Bank, National Association during the first quarter worth $2,403,000. Comerica Bank acquired a new position in shares of Flagstar Bank, National Association in the first quarter valued at $990,000. American Century Companies Inc. acquired a new position in shares of Flagstar Bank, National Association in the first quarter valued at $405,000. Finally, Investors Research Corp bought a new position in shares of Flagstar Bank, National Association in the second quarter valued at about $233,000. 67.88% of the stock is owned by institutional investors and hedge funds.

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.