Flagstar Bank, National Association (NYSE:FLG) Receives Average Rating of “Hold” from Brokerages

Flagstar Bank, National Association (NYSE:FLG) has earned a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $14.4615.

Several research analysts recently commented on the stock. Barclays boosted their price objective on shares of Flagstar Bank, National Association from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Cantor Fitzgerald upped their price objective 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. DA Davidson reiterated a “buy” rating and issued a $16.00 target price on shares of Flagstar Bank, National Association in a research note on Tuesday, February 24th. Citigroup upped their price target on shares of Flagstar Bank, National Association from $16.00 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Flagstar Bank, National Association from $13.50 to $14.00 and gave the stock a “market perform” rating in a research note on Monday, February 2nd.

Flagstar Bank, National Association Price Performance

Shares of FLG opened at $12.65 on Monday. The stock has a market capitalization of $5.26 billion, a PE ratio of -24.81 and a beta of 1.08. The company has a 50 day moving average price of $13.24 and a 200-day moving average price of $12.45. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 1.00. Flagstar Bank, National Association has a fifty-two week low of $9.64 and a fifty-two week high of $14.53.

Flagstar Bank, National Association (NYSE:FLG) last announced its earnings results on Friday, January 30th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. The business had revenue of $548.00 million for the quarter, compared to analysts’ expectations of $533.00 million. Flagstar Bank, National Association had a negative return on equity of 1.60% and a negative net margin of 3.68%.The business’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.41) EPS. Equities analysts predict that Flagstar Bank, National Association will post -0.31 earnings per share for the current fiscal year.

Flagstar Bank, National Association Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Saturday, March 7th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, March 6th. Flagstar Bank, National Association’s dividend payout ratio (DPR) is presently -7.84%.

Institutional Investors Weigh In On Flagstar Bank, National Association

Large investors have recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in shares of Flagstar Bank, National Association by 23.6% in the 4th quarter. UMB Bank n.a. now owns 3,766 shares of the company’s stock valued at $47,000 after acquiring an additional 719 shares during the last quarter. Allworth Financial LP lifted its position in Flagstar Bank, National Association by 8.6% during the fourth quarter. Allworth Financial LP now owns 10,994 shares of the company’s stock valued at $138,000 after purchasing an additional 869 shares during the period. Balefire LLC lifted its position in Flagstar Bank, National Association by 1.6% during the third quarter. Balefire LLC now owns 58,703 shares of the company’s stock valued at $678,000 after purchasing an additional 909 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in 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 purchasing an additional 936 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in Flagstar Bank, National Association by 1.7% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 61,131 shares of the company’s stock worth $648,000 after purchasing an additional 1,010 shares during the period. Hedge funds and other institutional investors own 67.88% of the company’s stock.

About Flagstar Bank, National Association

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.