Flagstar Bank, National Association (NYSE:FLG) Given Average Rating of “Moderate Buy” by Analysts

Flagstar Bank, National Association (NYSE:FLG) has earned an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $16.7917.

A number of equities research analysts have recently weighed in on FLG shares. Cantor Fitzgerald lifted their target price on shares of Flagstar Bank, National Association from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Morgan Stanley increased their price target on shares of Flagstar Bank, National Association from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Piper Sandler raised their price objective on shares of Flagstar Bank, National Association from $16.50 to $17.50 and gave the stock an “overweight” rating in a report on Friday, June 26th. UBS Group began coverage on Flagstar Bank, National Association in a research report on Tuesday, July 7th. They set a “buy” rating and a $18.00 price objective on the stock. Finally, Wall Street Zen upgraded Flagstar Bank, National Association from a “sell” rating to a “hold” rating in a report on Sunday, August 16th.

Hedge Funds Weigh In On Flagstar Bank, National Association

A number of institutional investors have recently added to or reduced their stakes in the company. DV Equities LLC purchased a new position in Flagstar Bank, National Association during the fourth quarter valued at $25,000. Litman Gregory Wealth Management LLC purchased a new stake in shares of Flagstar Bank, National Association in the 4th quarter worth about $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Flagstar Bank, National Association in the 4th quarter worth about $34,000. Advisory Services Network LLC bought a new position in shares of Flagstar Bank, National Association in the 3rd quarter worth about $35,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Flagstar Bank, National Association in the 4th quarter worth about $42,000. Institutional investors own 67.88% of the company’s stock.

Flagstar Bank, National Association Price Performance

Shares of Flagstar Bank, National Association stock opened at $13.47 on Monday. The business has a 50 day moving average of $14.52 and a 200 day moving average of $13.96. Flagstar Bank, National Association has a 52 week low of $10.57 and a 52 week high of $15.44. The company has a market cap of $5.59 billion, a PE ratio of 449.00 and a beta of 1.01. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.43.

Flagstar Bank, National Association (NYSE:FLG) last released its quarterly earnings results on Friday, July 24th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $512.00 million during the quarter, compared to the consensus estimate of $539.34 million. Flagstar Bank, National Association had a net margin of 1.08% and a return on equity of 0.98%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.14) EPS. As a group, equities research analysts forecast that Flagstar Bank, National Association will post 0.33 earnings per share for the current year.

Flagstar Bank, National Association announced that its board has authorized a stock buyback plan on Friday, July 24th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 4.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Flagstar Bank, National Association Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Monday, September 7th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, September 4th. Flagstar Bank, National Association’s dividend payout ratio (DPR) is presently 133.33%.

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.