Flagstar Bank, National Association (NYSE:FLG) Sets New 52-Week High – Should You Buy?

Flagstar Bank, National Association (NYSE:FLG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $14.54 and last traded at $14.5250, with a volume of 632766 shares changing hands. The stock had previously closed at $14.27.

Analyst Ratings Changes

FLG has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Thursday, January 22nd. JPMorgan Chase & Co. raised their target price on Flagstar Bank, National Association from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Citigroup lifted their target price on Flagstar Bank, National Association from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. DA Davidson increased their price target on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Finally, Cantor Fitzgerald raised their price objective on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.46.

Flagstar Bank, National Association Stock Down 0.4%

The firm’s fifty day simple moving average is $12.98 and its 200 day simple moving average is $12.22. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. The company has a market cap of $5.91 billion, a price-to-earnings ratio of -27.86 and a beta of 1.10.

Flagstar Bank, National Association (NYSE:FLG) last released its quarterly earnings data on Friday, January 30th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $548.00 million during the quarter, compared to analysts’ expectations of $533.00 million. During the same period in the previous year, the company earned ($0.41) EPS. The company’s revenue for the quarter was down 10.9% on a year-over-year basis. Sell-side analysts predict that Flagstar Bank, National Association will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On Flagstar Bank, National Association

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLG. CWM LLC purchased a new position in Flagstar Bank, National Association in the second quarter valued at approximately $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Flagstar Bank, National Association in the 4th quarter valued at $34,000. Ameritas Advisory Services LLC acquired a new stake in Flagstar Bank, National Association during the 3rd quarter worth $33,000. Financial Freedom LLC acquired a new stake in Flagstar Bank, National Association during the 2nd quarter worth $31,000. Finally, Advisory Services Network LLC purchased a new stake in Flagstar Bank, National Association in the third quarter valued at $35,000. 67.88% of the stock is owned by institutional investors and hedge funds.

About Flagstar Bank, National Association

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.