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

Flagstar Bank, National Association (NYSE:FLG) has been given a consensus rating of “Hold” by the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $14.4615.

Several research firms recently commented on FLG. Barclays raised their price objective on shares of Flagstar Bank, National Association from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flagstar Bank, National Association in a report on Thursday, January 22nd. DA Davidson lifted their price target on Flagstar Bank, National Association from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank Of Canada increased their price objective on Flagstar Bank, National Association from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, Citigroup raised their target price on Flagstar Bank, National Association from $16.00 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday.

Hedge Funds Weigh In On Flagstar Bank, National Association

Hedge funds have recently bought and sold shares of the company. CWM LLC bought a new position in Flagstar Bank, National Association in the 2nd quarter valued at $28,000. Financial Freedom LLC purchased a new stake in shares of Flagstar Bank, National Association in the second quarter worth $31,000. Ameritas Advisory Services LLC bought a new stake in Flagstar Bank, National Association during the third quarter valued at $33,000. Advisory Services Network LLC bought a new stake in Flagstar Bank, National Association during the third quarter valued at $35,000. Finally, Clayton Financial Group LLC purchased a new position in Flagstar Bank, National Association during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Flagstar Bank, National Association Trading Up 0.1%

Shares of Flagstar Bank, National Association stock opened at $13.98 on Thursday. The stock has a market capitalization of $5.81 billion, a P/E ratio of -27.41, a P/E/G ratio of 0.67 and a beta of 1.10. Flagstar Bank, National Association has a 52-week low of $9.64 and a 52-week high of $14.43. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 1.00. The stock’s 50-day simple moving average is $12.91 and its 200 day simple moving average is $12.19.

Flagstar Bank, National Association (NYSE:FLG) last issued its earnings results on Friday, January 30th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Flagstar Bank, National Association had a negative net margin of 3.68% and a negative return on equity of 1.60%. The firm had revenue of $548.00 million during the quarter, compared to analyst estimates of $533.00 million. During the same quarter last year, the business earned ($0.41) earnings per share. The company’s quarterly revenue was down 10.9% on a year-over-year basis. As a group, research analysts anticipate that Flagstar Bank, National Association will post -0.31 EPS for the current year.

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.