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

Shares of Flagstar Bank, National Association (NYSE:FLG) have been given an average rating of “Hold” by the fifteen ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $15.3929.

Several brokerages have recently weighed in on FLG. Citigroup upped their price objective on Flagstar Bank, National Association from $16.50 to $17.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Wall Street Zen downgraded Flagstar Bank, National Association from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flagstar Bank, National Association in a report on Tuesday, April 21st. Morgan Stanley upped their target price on Flagstar Bank, National Association from $14.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Finally, Truist Financial raised Flagstar Bank, National Association from a “hold” rating to a “buy” rating and upped their target price for the company from $13.50 to $17.00 in a report on Tuesday, April 7th.

Flagstar Bank, National Association Trading Down 1.2%

Shares of Flagstar Bank, National Association stock opened at $13.72 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.47. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of -62.37 and a beta of 1.03. The business has a fifty day simple moving average of $13.47 and a 200-day simple moving average of $12.94. Flagstar Bank, National Association has a fifty-two week low of $10.38 and a fifty-two week high of $14.92.

Flagstar Bank, National Association (NYSE:FLG) last announced its quarterly earnings data on Friday, April 24th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. The business had revenue of $507.00 million during the quarter, compared to analyst estimates of $556.74 million. Flagstar Bank, National Association had a negative return on equity of 0.11% and a negative net margin of 1.22%.The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. On average, equities analysts forecast that Flagstar Bank, National Association will post 0.47 EPS for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Sunday, June 7th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, June 5th. Flagstar Bank, National Association’s dividend payout ratio is currently -18.18%.

Institutional Investors Weigh In On Flagstar Bank, National Association

Hedge funds have recently modified their holdings of the stock. DV Equities LLC purchased a new stake in shares of Flagstar Bank, National Association during the fourth quarter valued at $25,000. Ameritas Advisory Services LLC purchased a new stake in shares of Flagstar Bank, National Association during the third quarter valued at $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Flagstar Bank, National Association during the fourth quarter valued at $34,000. Litman Gregory Wealth Management LLC purchased a new stake in shares of Flagstar Bank, National Association during the fourth quarter valued at $34,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Flagstar Bank, National Association during the third quarter valued at $35,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

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.