Flagstar Bank, National Association (NYSE:FLG) Price Target Raised to $15.00

Flagstar Bank, National Association (NYSE:FLG) had its price target hoisted by JPMorgan Chase & Co. from $14.00 to $15.00 in a report issued on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages have also weighed in on FLG. TD Cowen started coverage on shares of Flagstar Bank, National Association in a research report on Thursday, September 25th. They set a “hold” rating and a $14.00 target price for the company. DA Davidson restated a “buy” rating and set a $14.50 price target on shares of Flagstar Bank, National Association in a research note on Thursday, November 13th. Morgan Stanley set a $14.00 price objective on shares of Flagstar Bank, National Association and gave the company an “underperform” rating in a research note on Monday, September 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Flagstar Bank, National Association in a report on Wednesday, October 8th. Finally, UBS Group cut their price target on Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.14.

Flagstar Bank, National Association Price Performance

Shares of NYSE FLG opened at $13.48 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.73. The stock has a fifty day simple moving average of $11.81 and a two-hundred day simple moving average of $11.79. Flagstar Bank, National Association has a 1-year low of $8.56 and a 1-year high of $13.69. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of -13.89 and a beta of 1.11.

Flagstar Bank, National Association (NYSE:FLG) last issued its earnings results on Thursday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter. Flagstar Bank, National Association had a negative net margin of 7.06% and a negative return on equity of 3.80%. The firm had revenue of $498.00 million during the quarter. Analysts anticipate that Flagstar Bank, National Association will post -0.31 earnings per share for the current year.

Flagstar Bank, National Association Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Sunday, December 7th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, December 5th. Flagstar Bank, National Association’s dividend payout ratio (DPR) is presently -4.12%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Inspire Investing LLC bought a new stake in shares of Flagstar Bank, National Association during the 1st quarter valued at about $422,000. Mendon Capital Advisors Corp bought a new stake in Flagstar Bank, National Association during the first quarter worth about $2,403,000. Comerica Bank purchased a new position in shares of Flagstar Bank, National Association in the 1st quarter worth about $990,000. American Century Companies Inc. purchased a new position in shares of Flagstar Bank, National Association in the 1st quarter worth about $405,000. Finally, Investors Research Corp bought a new position in shares of Flagstar Bank, National Association during the 2nd quarter valued at about $233,000. Institutional investors own 67.88% of the company’s stock.

Flagstar Bank, National Association Company Profile

Flagstar Financial, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company’s deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.