Flagstar Bank, National Association (NYSE:FLG) Stock Keeps “Overweight” Rating at Cantor Fitzgerald

Flagstar Bank, National Association (NYSE:FLG)‘s stock had its “overweight” rating restated by equities researchers at Cantor Fitzgerald in a note issued to investors on Tuesday, Benzinga reports. They currently have a $16.00 price target on the stock. Cantor Fitzgerald‘s price objective suggests a potential upside of 58.02% from the company’s current price.

Several other brokerages have also commented on FLG. TD Cowen dropped their price objective on Flagstar Bank, National Association from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Monday. Morgan Stanley cut their target price on Flagstar Bank, National Association from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, September 28th. Raymond James Financial initiated coverage on shares of Flagstar Bank, National Association in a research note on Wednesday, September 2nd. They set a “market perform” rating for the company. DA Davidson reissued a “buy” rating and set a $17.00 target price on shares of Flagstar Bank, National Association in a research note on Monday, July 27th. Finally, Royal Bank Of Canada cut their price objective on Flagstar Bank, National Association from $13.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Monday. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Flagstar Bank, National Association has a consensus rating of “Moderate Buy” and a consensus price target of $14.54.

Flagstar Bank, National Association Stock Performance

FLG traded down $0.10 during midday trading on Tuesday, reaching $10.13. The company had a trading volume of 10,025,537 shares, compared to its average volume of 5,140,498. The business has a 50-day moving average of $12.31 and a two-hundred day moving average of $13.47. Flagstar Bank, National Association has a 1 year low of $10.06 and a 1 year high of $15.44. The company has a market cap of $4.20 billion, a P/E ratio of 67.50 and a beta of 1.05. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.53.

Flagstar Bank, National Association (NYSE:FLG) last issued its quarterly earnings results on Friday, October 23rd. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). Flagstar Bank, National Association had a net margin of 2.22% and a return on equity of 1.45%. The firm had revenue of $530.00 million for the quarter, compared to the consensus estimate of $545.12 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. As a group, equities research analysts predict that Flagstar Bank, National Association will post 0.28 earnings per share for the current fiscal year.

Flagstar Bank, National Association declared that its Board of Directors has authorized a stock repurchase program on Friday, July 24th that authorizes the company to buy back $250 million in shares. This buyback authorization authorizes the company to purchase up to 4.1% of its shares through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Flagstar Bank, National Association by 9.2% during the first quarter. Dimensional Fund Advisors LP now owns 6,731,631 shares of the company’s stock valued at $88,645,000 after acquiring an additional 569,003 shares during the last quarter. North Reef Capital Management LP acquired a new stake in shares of Flagstar Bank, National Association during the 1st quarter worth $36,744,000. Polar Asset Management Partners Inc. lifted its position in Flagstar Bank, National Association by 36.8% during the first quarter. Polar Asset Management Partners Inc. now owns 1,626,388 shares of the company’s stock valued at $21,420,000 after buying an additional 437,939 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Flagstar Bank, National Association by 3.8% during the 1st quarter. Principal Financial Group Inc. now owns 673,282 shares of the company’s stock valued at $8,867,000 after buying an additional 24,659 shares during the period. Finally, Swiss National Bank increased its stake in Flagstar Bank, National Association by 0.5% during the 1st quarter. Swiss National Bank now owns 617,302 shares of the company’s stock worth $8,130,000 after buying an additional 2,800 shares during the period. 67.88% of the stock is currently owned by institutional investors and hedge funds.

Key Flagstar Bank, National Association News

Here are the key news stories impacting Flagstar Bank, National Association this week:

• Positive Sentiment: Several analysts still see substantial upside. Cantor Fitzgerald reaffirmed an “overweight” rating with a $16.00 target, while UBS, Citigroup, Barclays, TD Cowen and Truist maintained buy or overweight-equivalent views. Their revised targets range from $13.00 to $16.00, implying approximately 28% to 58% potential upside from recent levels. Cantor Fitzgerald analyst action
• Neutral Sentiment: The broad analyst response was mixed but constructive: UBS cut its target to $14.50 from $15.50 and Citigroup reduced its target to $14.00 from $18.00, yet both retained “buy” ratings. RBC lowered its target to $12.00 from $13.00 and kept a “sector perform” rating, while JPMorgan reduced its target to $11.50 from $14.00 and retained a “neutral” rating. The cuts suggest analysts are lowering near-term expectations even as they see longer-term value. UBS price target update
• Negative Sentiment: Fitch affirmed Flagstar’s “BB+” rating but lowered its outlook, citing a delayed recovery. The move reinforces concerns about the bank’s credit profile and earnings trajectory. Fitch outlook update
• Negative Sentiment: An investor investigation was announced after management connected Flagstar’s $12.9 billion rent-regulated apartment loan portfolio with frozen rents and rising capitalization rates. Investors are concerned that these conditions could pressure property values, increase credit losses and require additional provisions. Flagstar investigation notice

Flagstar Bank, National Association Company Profile

Flagstar Bank, National Association is a full-service regional bank and the principal banking subsidiary of Flagstar Financial, Inc, formerly known as New York Community Bancorp. The bank provides consumer and business banking services through deposits, checking and savings accounts, lending, cash management, and digital banking channels.

Flagstar’s lending activities include residential mortgages, mortgage servicing, commercial real estate loans, multifamily financing, commercial and industrial loans, and other consumer credit products.