Citigroup Boosts Flagstar Bank, National Association (NYSE:FLG) Price Target to $16.50

Flagstar Bank, National Association (NYSE:FLG) had its target price boosted by equities research analysts at Citigroup from $16.00 to $16.50 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 18.03% from the company’s previous close.

Other research analysts have also issued research reports about the stock. UBS Group cut their target price on shares of Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Keefe, Bruyette & Woods lifted their price objective on Flagstar Bank, National Association from $13.50 to $14.00 and gave the stock a “market perform” rating in a research note on Monday. Barclays increased their target price on Flagstar Bank, National Association from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Royal Bank Of Canada lifted their price target on Flagstar Bank, National Association from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Monday. Finally, Cantor Fitzgerald increased their price objective on Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Flagstar Bank, National Association currently has a consensus rating of “Hold” and an average price target of $14.46.

Flagstar Bank, National Association Stock Up 0.1%

Shares of Flagstar Bank, National Association stock opened at $13.98 on Tuesday. Flagstar Bank, National Association has a 12-month low of $9.64 and a 12-month high of $14.43. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.59. The stock has a 50 day moving average price of $12.91 and a two-hundred day moving average price of $12.19. The stock has a market capitalization of $5.81 billion, a P/E ratio of -27.41, a PEG ratio of 0.67 and a beta of 1.10.

Flagstar Bank, National Association (NYSE:FLG) last issued its quarterly earnings data on Friday, January 30th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $548.00 million during the quarter, compared to analysts’ expectations of $533.00 million. Flagstar Bank, National Association had a negative net margin of 3.68% and a negative return on equity of 1.60%. Flagstar Bank, National Association’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.41) earnings per share. Equities analysts expect that Flagstar Bank, National Association will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

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