Flagstar Bank, National Association (NYSE:FLG) Stock Price Expected to Rise, Barclays Analyst Says

Flagstar Bank, National Association (NYSE:FLG) had its price objective upped by analysts at Barclays from $16.00 to $17.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 14.29% from the company’s current price.

FLG has been the subject of several other reports. JPMorgan Chase & Co. upped their price objective on shares of Flagstar Bank, National Association from $15.50 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Tuesday, April 21st. TD Cowen upgraded Flagstar Bank, National Association from a “hold” rating to a “buy” rating and lifted their price target for the company from $15.00 to $18.00 in a research report on Monday. UBS Group assumed coverage on Flagstar Bank, National Association in a research note on Tuesday. They issued a “buy” rating and a $18.00 price target on the stock. Finally, DA Davidson increased their price objective on Flagstar Bank, National Association from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Flagstar Bank, National Association currently has an average rating of “Moderate Buy” and an average price target of $16.88.

Flagstar Bank, National Association Trading Up 0.2%

Shares of Flagstar Bank, National Association stock traded up $0.03 during trading on Tuesday, reaching $14.87. 1,042,447 shares of the stock were exchanged, compared to its average volume of 5,119,099. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.47. The stock’s fifty day moving average is $14.27 and its 200 day moving average is $13.62. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of -67.66 and a beta of 1.01. Flagstar Bank, National Association has a 1 year low of $10.57 and a 1 year high of $15.36.

Flagstar Bank, National Association (NYSE:FLG) last announced its quarterly earnings results on Friday, April 24th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $507.00 million for the quarter, compared to the consensus estimate of $556.74 million. Flagstar Bank, National Association had a negative return on equity of 0.11% and a negative net margin of 1.22%.Flagstar Bank, National Association’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.26) EPS. As a group, equities research analysts expect that Flagstar Bank, National Association will post 0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DV Equities LLC purchased a new stake in shares of Flagstar Bank, National Association during the 4th quarter valued at about $25,000. Litman Gregory Wealth Management LLC bought a new position in Flagstar Bank, National Association during the fourth quarter valued at approximately $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Flagstar Bank, National Association in the fourth quarter worth approximately $34,000. Advisory Services Network LLC purchased a new stake in Flagstar Bank, National Association in the third quarter worth approximately $35,000. Finally, Clayton Financial Group LLC bought a new stake in Flagstar Bank, National Association in the 4th quarter worth approximately $42,000. Institutional investors own 67.88% of the company’s stock.

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.