Flagstar Bank, National Association (NYSE:FLG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Flagstar Bank, National Association (NYSE:FLG) has been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $16.9583.

Several brokerages have commented on FLG. Weiss Ratings raised shares of Flagstar Bank, National Association from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, September 4th. Cantor Fitzgerald raised their price objective on Flagstar Bank, National Association from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Raymond James Financial initiated coverage on Flagstar Bank, National Association in a research report on Wednesday, September 2nd. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. upped their target price on Flagstar Bank, National Association from $15.50 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Finally, UBS Group assumed coverage on Flagstar Bank, National Association in a research report on Tuesday, July 7th. They set a “buy” rating and a $18.00 price target for the company.

Flagstar Bank, National Association Price Performance

NYSE FLG opened at $13.26 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.43. Flagstar Bank, National Association has a 12-month low of $10.57 and a 12-month high of $15.44. The company has a market capitalization of $5.50 billion, a PE ratio of 441.83 and a beta of 0.99. The firm’s 50 day moving average is $14.10 and its 200-day moving average is $13.90.

Flagstar Bank, National Association (NYSE:FLG) last announced its quarterly earnings data on Friday, July 24th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Flagstar Bank, National Association had a return on equity of 0.98% and a net margin of 1.08%.The business had revenue of $512.00 million during the quarter, compared to the consensus estimate of $539.34 million. During the same period in the prior year, the firm earned ($0.14) EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts anticipate that Flagstar Bank, National Association will post 0.34 earnings per share for the current fiscal year.

Flagstar Bank, National Association Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Monday, September 7th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, September 4th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. Flagstar Bank, National Association’s dividend payout ratio is currently 133.33%.

Flagstar Bank, National Association announced that its Board of Directors has initiated a share repurchase program on Friday, July 24th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 4.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Flagstar Bank, National Association

Several hedge funds and other institutional investors have recently made changes to their positions in FLG. UMB Bank n.a. raised its stake in 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 period. Allworth Financial LP boosted 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 worth $138,000 after purchasing an additional 869 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of 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. Collar Capital Management LLC increased its holdings in shares of Flagstar Bank, National Association by 0.9% in the fourth quarter. Collar Capital Management LLC now owns 117,025 shares of the company’s stock valued at $1,473,000 after purchasing an additional 1,075 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Flagstar Bank, National Association by 4.0% in the first quarter. Empowered Funds LLC now owns 29,313 shares of the company’s stock valued at $386,000 after purchasing an additional 1,117 shares during the period. 67.88% of the stock is owned by institutional investors.

Flagstar Bank, National Association Company Profile

Flagstar Bank, National Association is a full-service commercial bank that provides deposit, lending and other financial services to consumers, businesses and commercial real estate clients. Its offerings include checking and savings accounts, certificates of deposit, residential mortgages, home equity loans, consumer lending, commercial real estate financing and business banking services.

The bank also has a significant mortgage business, including home-loan origination, servicing and related products.