Flagstar Bank, National Association (NYSE:FLG) Stock Price Expected to Rise, Barclays Analyst Says

Flagstar Bank, National Association (NYSE:FLG) had its target price boosted by equities research analysts at Barclays from $15.00 to $16.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 18.04% from the company’s current price.

FLG has been the topic of several other reports. JPMorgan Chase & Co. increased their price target on shares of Flagstar Bank, National Association from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Royal Bank Of Canada upped their target price on Flagstar Bank, National Association from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Truist Financial upgraded Flagstar Bank, National Association from a “hold” rating to a “buy” rating and increased their target price for the company from $13.50 to $17.00 in a report on Tuesday. DA Davidson reissued a “buy” rating and issued a $16.00 price target on shares of Flagstar Bank, National Association in a report on Tuesday, February 24th. Finally, Wall Street Zen upgraded Flagstar Bank, National Association from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.18.

Flagstar Bank, National Association Price Performance

Shares of FLG stock traded down $0.02 during mid-day trading on Tuesday, reaching $13.56. The stock had a trading volume of 1,823,783 shares, compared to its average volume of 5,372,454. The company has a market cap of $5.64 billion, a P/E ratio of -26.62 and a beta of 1.02. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.59. Flagstar Bank, National Association has a 12-month low of $9.64 and a 12-month high of $14.53. The business has a 50-day simple moving average of $13.24 and a 200 day simple moving average of $12.51.

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

Institutional Trading of Flagstar Bank, National Association

Hedge funds have recently added to or reduced their stakes in the business. DV Equities LLC acquired a new position in shares of Flagstar Bank, National Association during the 4th quarter valued at about $25,000. Ameritas Advisory Services LLC purchased a new stake in Flagstar Bank, National Association in the third quarter valued at approximately $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Flagstar Bank, National Association during the fourth quarter worth approximately $34,000. Litman Gregory Wealth Management LLC purchased a new position in Flagstar Bank, National Association during the fourth quarter worth approximately $34,000. Finally, Advisory Services Network LLC acquired a new position in shares of Flagstar Bank, National Association in the 3rd quarter valued at $35,000. 67.88% of the stock is owned by institutional investors and hedge funds.

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.