Flagstar Bank, National Association (NYSE:FLG) Stock Rating Upgraded by Wall Street Zen

Flagstar Bank, National Association (NYSE:FLG) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also commented on FLG. Truist Financial raised Flagstar Bank, National Association from a “hold” rating to a “buy” rating and raised their target price for the stock from $13.50 to $17.00 in a report on Tuesday, April 7th. JPMorgan Chase & Co. boosted their price target on Flagstar Bank, National Association from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Royal Bank Of Canada upped their price objective on Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Monday, April 27th. Morgan Stanley raised their price objective on shares of Flagstar Bank, National Association from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. Finally, DA Davidson lifted their target price on shares of Flagstar Bank, National Association from $16.00 to $17.00 and gave the company a “buy” rating in a report on Monday, April 27th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.39.

Flagstar Bank, National Association Trading Down 0.1%

NYSE FLG opened at $13.22 on Friday. Flagstar Bank, National Association has a 1 year low of $10.38 and a 1 year high of $14.92. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $5.51 billion, a PE ratio of -60.10 and a beta of 1.03. The company has a fifty day moving average of $13.49 and a 200 day moving average of $12.96.

Flagstar Bank, National Association (NYSE:FLG) last announced its quarterly earnings results on Friday, April 24th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate 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%.The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.26) EPS. Research analysts forecast that Flagstar Bank, National Association will post 0.47 earnings per share for the current year.

Institutional Trading of Flagstar Bank, National Association

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of Flagstar Bank, National Association by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 7,487,034 shares of the company’s stock valued at $94,277,000 after buying an additional 467,053 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Flagstar Bank, National Association by 9.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,731,631 shares of the company’s stock worth $88,645,000 after acquiring an additional 569,003 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Flagstar Bank, National Association by 1,130.1% in the 2nd quarter. Alliancebernstein L.P. now owns 6,635,962 shares of the company’s stock worth $70,341,000 after acquiring an additional 6,096,512 shares in the last quarter. Victory Capital Management Inc. raised its position in Flagstar Bank, National Association by 4.0% during the third quarter. Victory Capital Management Inc. now owns 6,291,647 shares of the company’s stock worth $72,669,000 after acquiring an additional 240,119 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Flagstar Bank, National Association by 60.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,626,146 shares of the company’s stock worth $58,243,000 after acquiring an additional 1,750,889 shares during the period. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

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.