Flagstar Bank, National Association (NYSE:FLG) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Flagstar Bank, National Association (NYSE:FLG) had its price target lifted by equities researchers at JPMorgan Chase & Co. from $14.00 to $15.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 13.85% from the company’s previous close.

FLG has been the topic of several other reports. Citigroup increased their target price on Flagstar Bank, National Association from $15.50 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. DA Davidson reiterated a “buy” rating and set a $14.50 price objective on shares of Flagstar Bank, National Association in a report on Thursday, November 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Wednesday, October 8th. Morgan Stanley set a $14.00 price target on shares of Flagstar Bank, National Association and gave the stock an “underperform” rating in a research report on Monday, September 29th. Finally, TD Cowen initiated coverage on shares of Flagstar Bank, National Association in a report on Thursday, September 25th. They issued a “hold” rating and a $14.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.14.

Flagstar Bank, National Association Price Performance

Flagstar Bank, National Association stock opened at $13.18 on Tuesday. The stock has a market capitalization of $5.48 billion, a P/E ratio of -13.58 and a beta of 1.11. Flagstar Bank, National Association has a 12-month low of $8.56 and a 12-month high of $13.35. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.02 and a quick ratio of 1.01. The firm’s 50-day moving average is $11.78 and its two-hundred day moving average is $11.78.

Flagstar Bank, National Association (NYSE:FLG) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $498.00 million for the quarter. Flagstar Bank, National Association had a negative net margin of 7.06% and a negative return on equity of 3.80%. Equities analysts predict that Flagstar Bank, National Association will post -0.31 earnings per share for the current year.

Hedge Funds Weigh In On Flagstar Bank, National Association

Hedge funds have recently made changes to their positions in the business. Inspire Investing LLC acquired a new stake in shares of Flagstar Bank, National Association during the first quarter worth $422,000. Mendon Capital Advisors Corp purchased a new position in Flagstar Bank, National Association in the 1st quarter worth about $2,403,000. Comerica Bank acquired a new stake in Flagstar Bank, National Association during the 1st quarter worth about $990,000. American Century Companies Inc. acquired a new stake in Flagstar Bank, National Association during the 1st quarter worth about $405,000. Finally, Investors Research Corp purchased a new stake in Flagstar Bank, National Association during the second quarter valued at about $233,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

About Flagstar Bank, National Association

Flagstar Financial, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company’s deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.