Cantor Fitzgerald Reaffirms “Overweight” Rating for Flagstar Bank, National Association (NYSE:FLG)

Flagstar Bank, National Association (NYSE:FLG)‘s stock had its “overweight” rating reaffirmed by investment analysts at Cantor Fitzgerald in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $16.00 price target on the stock. Cantor Fitzgerald‘s target price suggests a potential upside of 57.09% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Weiss Ratings upgraded Flagstar Bank, National Association from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Wall Street Zen cut Flagstar Bank, National Association from a “hold” rating to a “sell” rating in a research note on Saturday, September 26th. DA Davidson reissued a “buy” rating and issued a $17.00 price objective on shares of Flagstar Bank, National Association in a research note on Monday, July 27th. Raymond James Financial assumed coverage on Flagstar Bank, National Association in a research note on Wednesday, September 2nd. They issued a “market perform” rating on the stock. Finally, Royal Bank Of Canada dropped 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 note on Monday. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.17.

Flagstar Bank, National Association Trading Down 0.3%

Shares of NYSE FLG traded down $0.04 during midday trading on Tuesday, hitting $10.19. The company’s stock had a trading volume of 1,366,739 shares, compared to its average volume of 5,097,542. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.53. The business’s 50 day moving average is $12.46 and its two-hundred day moving average is $13.49. Flagstar Bank, National Association has a 12-month low of $10.10 and a 12-month high of $15.44. The firm has a market cap of $4.23 billion, a P/E ratio of 67.90 and a beta of 1.05.

Flagstar Bank, National Association (NYSE:FLG) last issued its quarterly earnings results on Friday, October 23rd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). Flagstar Bank, National Association had a return on equity of 1.45% and a net margin of 2.22%. The business had revenue of $530.00 million during the quarter, compared to analysts’ expectations 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 expect that Flagstar Bank, National Association will post 0.28 EPS for the current year.

Flagstar Bank, National Association declared that its Board of Directors has initiated a stock repurchase program on Friday, July 24th that permits the company to buy back $250 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 4.1% of its shares through open market purchases. Share repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FLG. Engineers Gate Manager LP bought a new position in Flagstar Bank, National Association in the second quarter worth approximately $8,480,000. California State Teachers Retirement System boosted its position in Flagstar Bank, National Association by 26.2% during the 1st quarter. California State Teachers Retirement System now owns 372,461 shares of the company’s stock valued at $4,905,000 after acquiring an additional 77,292 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Flagstar Bank, National Association by 106.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 611,191 shares of the company’s stock valued at $8,049,000 after acquiring an additional 315,691 shares in the last quarter. Polar Asset Management Partners Inc. boosted its position in Flagstar Bank, National Association by 36.8% during the 1st quarter. Polar Asset Management Partners Inc. now owns 1,626,388 shares of the company’s stock valued at $21,420,000 after acquiring an additional 437,939 shares in the last quarter. Finally, Cannell & Spears LLC bought a new stake in Flagstar Bank, National Association during the 1st quarter valued at $1,788,000. Institutional investors own 67.88% of the company’s stock.

Key Flagstar Bank, National Association News

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

• Positive Sentiment: Analysts continue to see upside. Cantor Fitzgerald reaffirmed its “overweight” rating and set a $16 price target, while UBS maintained a “buy” rating with a revised $14.50 target. These targets imply substantial potential appreciation from recent trading levels. Cantor Fitzgerald rating UBS price target update
• Neutral Sentiment: Most analysts still see value, but estimates are being reduced. Barclays, Truist Financial and TD Cowen retained “overweight” or “buy” ratings while cutting their price targets. RBC lowered its target to $12 and kept a “sector perform” rating, while JPMorgan reduced its target to $11.50 and moved to “neutral.” The revisions preserve implied upside but indicate growing caution about Flagstar’s recovery prospects. RBC price target update
• Negative Sentiment: Credit concerns intensified. Fitch affirmed Flagstar’s “BB+” rating but lowered its outlook, citing a delayed recovery. A weaker outlook can raise funding concerns and reinforce investor skepticism about asset quality. Fitch outlook update
• Negative Sentiment: Investors are concerned about Flagstar’s $12.9 billion rent-regulated apartment loan book. Frozen rents and rising capitalization rates could pressure property values and increase credit losses. SueWallSt announced an investigation into the matter after shares fell sharply, adding legal and reputational risk. Flagstar investigation notice
• Negative Sentiment: Recent operating results provide limited support. Flagstar previously reported quarterly EPS of $0.01 versus the $0.07 consensus estimate and revenue below expectations, highlighting weak profitability and execution risks.

About Flagstar Bank, National Association

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.