Flagstar Bank, National Association (NYSE:FLG) Stock Gets Price Target Cut from UBS Group

Flagstar Bank, National Association (NYSE:FLG) had its price objective lowered by UBS Group from $15.50 to $14.50 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on FLG. Cantor Fitzgerald reiterated an “overweight” rating and issued a $16.00 price objective on shares of Flagstar Bank, National Association in a report on Tuesday. Raymond James Financial began coverage on Flagstar Bank, National Association in a research note on Wednesday, September 2nd. They set a “market perform” rating on the stock. JPMorgan Chase & Co. dropped their price target on Flagstar Bank, National Association from $14.00 to $11.50 and set a “neutral” rating for the company in a research note on Monday. DA Davidson reiterated a “buy” rating and issued a $17.00 price target on shares of Flagstar Bank, National Association in a report on Monday, July 27th. Finally, Citigroup reduced their price objective on shares of Flagstar Bank, National Association from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.54.

Flagstar Bank, National Association Price Performance

FLG stock opened at $10.45 on Tuesday. The firm’s 50-day moving average price is $12.17 and its two-hundred day moving average price is $13.44. Flagstar Bank, National Association has a 12-month low of $9.93 and a 12-month high of $15.44. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 63.50 and a beta of 1.05. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.53.

Flagstar Bank, National Association (NYSE:FLG) last posted its earnings results on Friday, October 23rd. The company reported $0.01 earnings per share (EPS) 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 the consensus estimate of $545.12 million. During the same period in the previous year, the business earned ($0.07) earnings per share. As a group, equities analysts predict that Flagstar Bank, National Association will post 0.16 earnings per share 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 repurchase $250 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 4.1% of its stock through open market purchases. Share repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Flagstar Bank, National Association Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Monday, December 7th will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, December 7th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. Flagstar Bank, National Association’s dividend payout ratio is 26.67%.

Insider Activity at Flagstar Bank, National Association

In other news, Director Alan L. Frank bought 10,000 shares of the stock in a transaction dated Tuesday, October 27th. The stock was bought at an average price of $10.14 per share, for a total transaction of $101,400.00. Following the purchase, the director directly owned 76,463 shares in the company, valued at $775,334.82. This trade represents a 15.05% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.42% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Flagstar Bank, National Association

Institutional investors have recently added to or reduced their stakes in the company. North Reef Capital Management LP bought a new position in shares of Flagstar Bank, National Association in the 1st quarter worth about $36,744,000. Dimensional Fund Advisors LP lifted its stake in shares of Flagstar Bank, National Association by 9.2% in the first quarter. Dimensional Fund Advisors LP now owns 6,731,631 shares of the company’s stock worth $88,645,000 after buying an additional 569,003 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Flagstar Bank, National Association during the second quarter valued at $8,480,000. Polar Asset Management Partners Inc. boosted its holdings in Flagstar Bank, National Association by 36.8% in the first quarter. Polar Asset Management Partners Inc. now owns 1,626,388 shares of the company’s stock worth $21,420,000 after purchasing an additional 437,939 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Flagstar Bank, National Association by 106.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 611,191 shares of the company’s stock worth $8,049,000 after acquiring an additional 315,691 shares during the period. Institutional investors own 67.88% of the company’s stock.

Flagstar Bank, National Association News Roundup

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

• Positive Sentiment: Director Alan Frank purchased 10,000 FLG shares for approximately $101,400 at an average price of $10.14, increasing his ownership by 15.05%. The sizable insider purchase may signal that management views the recent weakness as an attractive entry point. Insider purchase report
• Positive Sentiment: Cantor Fitzgerald reaffirmed an “overweight” rating on Flagstar, suggesting the firm continues to see potential upside despite recent operating challenges. Cantor Fitzgerald rating report
• Positive Sentiment: Flagstar declared a quarterly common-stock dividend of $0.01 per share, payable December 17 to shareholders of record on December 7. The dividend provides a continuing shareholder return, although its approximately 0.4% annualized yield is unlikely to materially affect valuation. Flagstar dividend announcement
• Negative Sentiment: Flagstar reduced its 2026 and 2027 net-interest-income and EPS outlooks, citing higher credit costs and slower balance-sheet growth. Management also delayed its profitability target from 2027 to 2028, raising concerns about the pace of earnings recovery. Flagstar outlook revision
• Negative Sentiment: UBS issued a more pessimistic forecast for FLG, while JPMorgan, Truist and Barclays also lowered their expectations or price targets. The revisions reflect concerns about credit quality, profitability and slower growth. UBS Flagstar forecast report

Flagstar Bank, National Association Company Profile

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.