Flagstar Bank, National Association (NYSE:FLG) Receives Consensus Rating of “Hold” from Analysts

Flagstar Bank, National Association (NYSE:FLG) has received an average recommendation of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $15.4231.

A number of equities research analysts have recently commented on FLG shares. Keefe, Bruyette & Woods raised Flagstar Bank, National Association from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $14.00 to $16.00 in a research report on Friday, March 13th. DA Davidson raised their price target on Flagstar Bank, National Association from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Wall Street Zen raised Flagstar Bank, National Association from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Tuesday, April 21st. Finally, Truist Financial raised Flagstar Bank, National Association from a “hold” rating to a “buy” rating and raised their price target for the stock from $13.50 to $17.00 in a research report on Tuesday, April 7th.

Institutional Investors Weigh In On Flagstar Bank, National Association

A number of hedge funds and other institutional investors have recently bought and sold shares of FLG. AQR Capital Management LLC acquired a new stake in Flagstar Bank, National Association in the 1st quarter valued at approximately $2,039,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Flagstar Bank, National Association in the 1st quarter valued at approximately $1,754,000. Goldman Sachs Group Inc. acquired a new stake in Flagstar Bank, National Association in the 1st quarter valued at approximately $21,022,000. United Services Automobile Association acquired a new stake in Flagstar Bank, National Association in the 1st quarter valued at approximately $219,000. Finally, Empowered Funds LLC acquired a new stake in Flagstar Bank, National Association in the 1st quarter valued at approximately $516,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Flagstar Bank, National Association Trading Up 2.2%

NYSE FLG opened at $14.08 on Wednesday. The firm has a market cap of $5.87 billion, a P/E ratio of -64.01 and a beta of 1.02. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s 50-day moving average is $13.79 and its 200-day moving average is $13.16. Flagstar Bank, National Association has a one year low of $10.38 and a one year high of $14.92.

Flagstar Bank, National Association (NYSE:FLG) last released its quarterly earnings results on Friday, April 24th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $507.00 million for 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%.Flagstar Bank, National Association’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.26) earnings per share. Sell-side analysts anticipate that Flagstar Bank, National Association will post 0.47 earnings per share for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Sunday, June 7th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, June 5th. Flagstar Bank, National Association’s dividend payout ratio (DPR) is currently -18.18%.

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.