Flagstar Bank, National Association (NYSE:FLG) Receives Average Rating of “Hold” from Analysts

Flagstar Bank, National Association (NYSE:FLG) has received a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $15.4231.

Several equities analysts have weighed in on the stock. Morgan Stanley lifted 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 report on Monday, March 2nd. Truist Financial upgraded shares of Flagstar Bank, National Association from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $13.50 to $17.00 in a research report on Tuesday, April 7th. Citigroup lifted their price objective on shares of Flagstar Bank, National Association from $16.50 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research note on Tuesday, April 21st. 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 research note on Monday, April 27th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in Flagstar Bank, National Association by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 7,487,034 shares of the company’s stock valued at $94,277,000 after purchasing an additional 467,053 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings 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 worth $88,645,000 after acquiring an additional 569,003 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Flagstar Bank, National Association by 1,130.1% during the second 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 holdings in shares of 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 in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of 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 in the last quarter. 67.88% of the stock is owned by hedge funds and other institutional investors.

Flagstar Bank, National Association Price Performance

FLG stock opened at $14.23 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.47. Flagstar Bank, National Association has a one year low of $10.38 and a one year high of $14.92. The firm has a market capitalization of $5.93 billion, a PE ratio of -64.67 and a beta of 1.02. The firm has a 50-day moving average of $13.92 and a two-hundred day moving average of $13.29.

Flagstar Bank, National Association (NYSE:FLG) last posted its quarterly earnings data on Friday, April 24th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Flagstar Bank, National Association had a negative net margin of 1.22% and a negative return on equity of 0.11%. The company had revenue of $507.00 million during the quarter, compared to analyst estimates of $556.74 million. During the same period in the prior year, the firm earned ($0.26) earnings per share. The business’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts forecast that Flagstar Bank, National Association will post 0.46 earnings per share for the current year.

Flagstar Bank, National Association Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Sunday, June 7th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, June 5th. Flagstar Bank, National Association’s dividend payout ratio is currently -18.18%.

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.