Flagstar Bank, National Association (NYSE:FLG) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Flagstar Bank, National Association (NYSE:FLG) have earned an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $16.9583.

A number of analysts have recently weighed in on FLG shares. Truist Financial upgraded shares of Flagstar Bank, National Association from a “hold” rating to a “buy” rating and raised their price target for the company from $13.50 to $17.00 in a report on Tuesday, April 7th. DA Davidson upped their price target on Flagstar Bank, National Association from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Royal Bank Of Canada increased their price objective on Flagstar Bank, National Association from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Monday, April 27th. TD Cowen raised Flagstar Bank, National Association from a “hold” rating to a “buy” rating and raised their price objective for the stock from $15.00 to $18.00 in a research report on Monday, July 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research note on Friday, July 17th.

Flagstar Bank, National Association Price Performance

Shares of FLG stock opened at $14.90 on Thursday. Flagstar Bank, National Association has a 1-year low of $10.57 and a 1-year high of $15.44. The stock’s 50-day moving average is $14.48 and its 200 day moving average is $13.78. The company has a market cap of $6.21 billion, a P/E ratio of -67.75 and a beta of 1.01. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.90 and a quick ratio of 0.90.

Flagstar Bank, National Association (NYSE:FLG) last announced its earnings results on Friday, April 24th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $507.00 million during the quarter, compared to the consensus estimate of $556.74 million. Flagstar Bank, National Association had a negative net margin of 1.22% and a negative return on equity of 0.11%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.26) earnings per share. Research analysts predict that Flagstar Bank, National Association will post 0.43 earnings per share for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Sunday, June 7th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, June 5th. Flagstar Bank, National Association’s dividend payout ratio (DPR) is currently -18.18%.

Hedge Funds Weigh In On Flagstar Bank, National Association

Several hedge funds have recently modified their holdings of FLG. DV Equities LLC acquired a new stake in Flagstar Bank, National Association in the 4th quarter worth approximately $25,000. Litman Gregory Wealth Management LLC acquired a new position in Flagstar Bank, National Association during the 4th quarter valued at approximately $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Flagstar Bank, National Association in the fourth quarter worth $34,000. Advisory Services Network LLC purchased a new position in shares of Flagstar Bank, National Association in the third quarter worth $35,000. Finally, Clayton Financial Group LLC acquired a new stake in shares of Flagstar Bank, National Association during the fourth quarter worth $42,000. Institutional investors and hedge funds 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.