Flagstar Bank, National Association (NYSE:FLG) Raised to Hold at Wall Street Zen

Flagstar Bank, National Association (NYSE:FLG) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

FLG has been the subject of several other reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Thursday, January 22nd. Citigroup boosted their price target on shares of Flagstar Bank, National Association from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Royal Bank Of Canada increased their price target on shares of Flagstar Bank, National Association from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Flagstar Bank, National Association from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.62.

Flagstar Bank, National Association Price Performance

Shares of NYSE FLG opened at $12.61 on Friday. The company has a market capitalization of $5.25 billion, a PE ratio of -24.73 and a beta of 1.08. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.59. The stock’s 50 day moving average price is $13.23 and its 200-day moving average price is $12.48. Flagstar Bank, National Association has a twelve month low of $9.64 and a twelve month high of $14.53.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Flagstar Bank, National Association by 6.7% in the 4th quarter. Geode Capital Management LLC now owns 7,487,034 shares of the company’s stock worth $94,277,000 after acquiring an additional 467,053 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Flagstar Bank, National Association by 1,130.1% during the second quarter. Alliancebernstein L.P. now owns 6,635,962 shares of the company’s stock valued at $70,341,000 after purchasing an additional 6,096,512 shares during the last quarter. Victory Capital Management Inc. boosted its position in Flagstar Bank, National Association by 4.0% during the third quarter. Victory Capital Management Inc. now owns 6,291,647 shares of the company’s stock worth $72,669,000 after purchasing an additional 240,119 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Flagstar Bank, National Association by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,162,628 shares of the company’s stock worth $77,589,000 after purchasing an additional 316,612 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Flagstar Bank, National Association by 60.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,626,146 shares of the company’s stock worth $58,243,000 after purchasing an additional 1,750,889 shares in the last quarter. Institutional investors own 67.88% of the company’s stock.

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.