Brokerages Set Flagstar Bank, National Association (NYSE:FLG) Price Target at $14.05

Flagstar Bank, National Association (NYSE:FLG) has earned an average rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $14.0455.

A number of research firms recently commented on FLG. UBS Group dropped their target price on shares of Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Citigroup raised their price objective on Flagstar Bank, National Association from $15.50 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Truist Financial lifted their target price on 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. Morgan Stanley set a $14.00 target price on Flagstar Bank, National Association and gave the company an “underperform” rating in a research report on Monday, September 29th. Finally, TD Cowen initiated coverage on Flagstar Bank, National Association in a research note on Thursday, September 25th. They set a “hold” rating and a $14.00 price target on the stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FLG. Cetera Investment Advisers purchased a new stake in shares of Flagstar Bank, National Association in the first quarter valued at about $885,000. LPL Financial LLC acquired a new position in Flagstar Bank, National Association in the 1st quarter valued at about $2,423,000. Natixis Advisors LLC acquired a new position in Flagstar Bank, National Association in the 1st quarter valued at about $288,000. PNC Financial Services Group Inc. purchased a new stake in Flagstar Bank, National Association during the 1st quarter valued at approximately $288,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in Flagstar Bank, National Association during the 1st quarter worth approximately $187,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Flagstar Bank, National Association Price Performance

FLG stock opened at $12.87 on Wednesday. The business has a 50 day moving average price of $11.72 and a 200 day moving average price of $11.75. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 1.73. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of -13.26 and a beta of 1.11. Flagstar Bank, National Association has a fifty-two week low of $8.56 and a fifty-two week high of $13.35.

Flagstar Bank, National Association (NYSE:FLG) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.07) earnings per share for the quarter. The company 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 anticipate that Flagstar Bank, National Association will post -0.31 earnings per share for the current fiscal year.

Flagstar Bank, National Association Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Sunday, December 7th will be given a $0.01 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.3%. Flagstar Bank, National Association’s dividend payout ratio is -4.12%.

Flagstar Bank, National Association Company Profile

Flagstar Financial, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company’s deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.