Flagstar Bank, National Association (NYSE:FLG) Stock Gets Price Target Reduction from Citigroup

Flagstar Bank, National Association (NYSE:FLG) had its price objective trimmed by Citigroup from $18.00 to $14.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Wall Street Zen lowered shares of Flagstar Bank, National Association from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. Raymond James Financial assumed coverage on shares of Flagstar Bank, National Association in a report on Wednesday, September 2nd. They set a “market perform” rating on the stock. Barclays reduced their price objective on shares of Flagstar Bank, National Association from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday. UBS Group assumed coverage on shares of Flagstar Bank, National Association in a research note on Tuesday, July 7th. They issued a “buy” rating and a $18.00 price objective on the stock. Finally, Morgan Stanley decreased their price objective on Flagstar Bank, National Association from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, September 28th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Flagstar Bank, National Association has a consensus rating of “Moderate Buy” and an average target price of $14.54.

Flagstar Bank, National Association Price Performance

Flagstar Bank, National Association stock opened at $10.45 on Tuesday. The stock has a 50-day moving average price of $12.17 and a two-hundred day moving average price of $13.44. Flagstar Bank, National Association has a 12 month low of $9.93 and a 12 month high of $15.44. The company has a market capitalization of $4.34 billion, a PE ratio of 63.50 and a beta of 1.05. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.53.

Flagstar Bank, National Association (NYSE:FLG) last released its quarterly earnings results on Friday, October 23rd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). Flagstar Bank, National Association had a return on equity of 1.45% and a net margin of 2.22%. The firm had revenue of $530.00 million for the quarter, compared to the consensus estimate of $545.12 million. During the same quarter last year, the firm posted ($0.07) earnings per share. Analysts expect that Flagstar Bank, National Association will post 0.16 EPS for the current year.

Flagstar Bank, National Association Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Monday, December 7th will be issued a $0.01 dividend. The ex-dividend date is Monday, December 7th. This represents a $0.04 annualized dividend and a yield of 0.4%. Flagstar Bank, National Association’s dividend payout ratio is presently 26.67%.

Flagstar Bank, National Association announced that its Board of Directors has approved a stock buyback plan on Friday, July 24th that authorizes the company to buy back $250 million in shares. This repurchase authorization authorizes the company to repurchase up to 4.1% of its shares through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Alan L. Frank bought 10,000 shares of the firm’s stock in a transaction on Tuesday, October 27th. The stock was acquired at an average price of $10.14 per share, with a total value of $101,400.00. Following the transaction, the director owned 76,463 shares of the company’s stock, valued at $775,334.82. This trade represents a 15.05% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 21.42% of the company’s stock.

Institutional Investors Weigh In On Flagstar Bank, National Association

Institutional investors have recently modified their holdings of the company. Vise Technologies Inc. bought a new position in shares of Flagstar Bank, National Association in the 3rd quarter worth about $170,000. State of Wyoming lifted its stake in shares of Flagstar Bank, National Association by 22.0% in the 3rd quarter. State of Wyoming now owns 41,607 shares of the company’s stock valued at $486,000 after purchasing an additional 7,514 shares during the period. Cranbrook Wealth Management LLC bought a new stake in shares of Flagstar Bank, National Association during the 3rd quarter valued at about $1,751,000. D.A. Davidson & CO. boosted its position in shares of Flagstar Bank, National Association by 35.4% during the 3rd quarter. D.A. Davidson & CO. now owns 418,150 shares of the company’s stock valued at $4,880,000 after purchasing an additional 109,250 shares in the last quarter. Finally, Hourglass Capital LLC grew its stake in Flagstar Bank, National Association by 2.1% during the third quarter. Hourglass Capital LLC now owns 240,100 shares of the company’s stock worth $2,802,000 after purchasing an additional 5,000 shares during the period. 67.88% of the stock is owned by institutional investors.

Flagstar Bank, National Association News Roundup

Here are the key news stories impacting Flagstar Bank, National Association this week:

• Positive Sentiment: Director Alan Frank purchased 10,000 FLG shares for approximately $101,400 at an average price of $10.14, increasing his ownership by 15.05%. The sizable insider purchase may signal that management views the recent weakness as an attractive entry point. Insider purchase report
• Positive Sentiment: Cantor Fitzgerald reaffirmed an “overweight” rating on Flagstar, suggesting the firm continues to see potential upside despite recent operating challenges. Cantor Fitzgerald rating report
• Positive Sentiment: Flagstar declared a quarterly common-stock dividend of $0.01 per share, payable December 17 to shareholders of record on December 7. The dividend provides a continuing shareholder return, although its approximately 0.4% annualized yield is unlikely to materially affect valuation. Flagstar dividend announcement
• Negative Sentiment: Flagstar reduced its 2026 and 2027 net-interest-income and EPS outlooks, citing higher credit costs and slower balance-sheet growth. Management also delayed its profitability target from 2027 to 2028, raising concerns about the pace of earnings recovery. Flagstar outlook revision
• Negative Sentiment: UBS issued a more pessimistic forecast for FLG, while JPMorgan, Truist and Barclays also lowered their expectations or price targets. The revisions reflect concerns about credit quality, profitability and slower growth. UBS Flagstar forecast report

About Flagstar Bank, National Association

Flagstar Bank, National Association is a full-service regional bank and the principal banking subsidiary of Flagstar Financial, Inc, formerly known as New York Community Bancorp. The bank provides consumer and business banking services through deposits, checking and savings accounts, lending, cash management, and digital banking channels.

Flagstar’s lending activities include residential mortgages, mortgage servicing, commercial real estate loans, multifamily financing, commercial and industrial loans, and other consumer credit products.