Barclays Issues Positive Forecast for Flagstar Bank, National Association (NYSE:FLG) Stock Price

Flagstar Bank, National Association (NYSE:FLG) had its price objective hoisted by Barclays from $14.00 to $15.00 in a report issued on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms have also commented on FLG. Morgan Stanley set a $14.00 price target on shares of Flagstar Bank, National Association and gave the company an “underperform” rating in a research report on Monday, September 29th. Cantor Fitzgerald raised their target price on Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday. TD Cowen started coverage on Flagstar Bank, National Association in a research note on Thursday, September 25th. They issued a “hold” rating and a $14.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Flagstar Bank, National Association from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Flagstar Bank, National Association has a consensus rating of “Hold” and an average price target of $14.32.

Flagstar Bank, National Association Trading Down 0.9%

Shares of FLG opened at $13.36 on Friday. Flagstar Bank, National Association has a 12-month low of $8.56 and a 12-month high of $13.85. The firm has a market capitalization of $5.55 billion, a P/E ratio of -13.77 and a beta of 1.11. The firm has a 50-day moving average price of $11.85 and a 200 day moving average price of $11.80. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.73.

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

Flagstar Bank, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Sunday, December 7th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. Flagstar Bank, National Association’s payout ratio is presently -4.12%.

Institutional Trading of Flagstar Bank, National Association

A number of institutional investors and hedge funds have recently bought and sold shares of FLG. Inspire Investing LLC acquired a new position in shares of Flagstar Bank, National Association during the first quarter worth $422,000. Mendon Capital Advisors Corp purchased a new stake in Flagstar Bank, National Association during the 1st quarter worth about $2,403,000. Comerica Bank acquired a new position in shares of Flagstar Bank, National Association during the 1st quarter worth about $990,000. American Century Companies Inc. purchased a new position in shares of Flagstar Bank, National Association in the 1st quarter valued at about $405,000. Finally, Investors Research Corp acquired a new stake in shares of Flagstar Bank, National Association during the 2nd quarter worth about $233,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Flagstar Bank, National Association Company Profile

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.