Flagstar Bank, National Association (NYSE:FLG) Receives Average Rating of “Hold” from Brokerages

Shares of Flagstar Bank, National Association (NYSE:FLG) have been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $14.4615.

FLG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their price target on shares of Flagstar Bank, National Association from $13.50 to $14.00 and gave the stock a “market perform” rating in a report on Monday, February 2nd. DA Davidson lifted their target price on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Barclays increased their price target on Flagstar Bank, National Association from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research report on Thursday, January 22nd. Finally, Citigroup upped their target price on Flagstar Bank, National Association from $16.00 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, February 3rd.

Institutional Trading of Flagstar Bank, National Association

A number of institutional investors have recently added to or reduced their stakes in FLG. DV Equities LLC bought a new position in Flagstar Bank, National Association during the 4th quarter valued at $25,000. CWM LLC acquired a new stake in shares of Flagstar Bank, National Association in the 2nd quarter valued at about $28,000. Litman Gregory Wealth Management LLC acquired a new stake in shares of Flagstar Bank, National Association in the 4th quarter valued at about $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Flagstar Bank, National Association during the fourth quarter worth about $34,000. Finally, Ameritas Advisory Services LLC acquired a new position in Flagstar Bank, National Association in the third quarter worth about $33,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

Flagstar Bank, National Association Stock Up 4.8%

Shares of NYSE FLG opened at $14.01 on Monday. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of -27.46 and a beta of 1.10. Flagstar Bank, National Association has a 52 week low of $9.64 and a 52 week high of $14.53. The firm has a 50-day moving average price of $13.22 and a 200 day moving average price of $12.39. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.59.

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

Flagstar Bank, National Association Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Saturday, March 7th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, March 6th. Flagstar Bank, National Association’s payout ratio is -7.84%.

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.