Flagstar Bank, National Association (NYSE:FLG) Downgraded by Wall Street Zen to “Sell”

Flagstar Bank, National Association (NYSE:FLG) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other research analysts have also recently issued reports about the stock. DA Davidson lifted their target price on shares of Flagstar Bank, National Association from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Royal Bank Of Canada increased their price target on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Monday, April 27th. Morgan Stanley raised their price target on shares of Flagstar Bank, National Association from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Monday, June 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a report on Tuesday, April 21st. Finally, Barclays upped 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 Tuesday, April 7th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Flagstar Bank, National Association presently has an average rating of “Hold” and an average price target of $15.92.

Flagstar Bank, National Association Price Performance

Shares of NYSE:FLG opened at $14.59 on Friday. Flagstar Bank, National Association has a 1-year low of $10.57 and a 1-year high of $15.36. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.90 and a quick ratio of 0.90. The business has a fifty day moving average price of $14.26 and a 200-day moving average price of $13.60. The company has a market capitalization of $6.08 billion, a PE ratio of -66.30 and a beta of 1.01.

Flagstar Bank, National Association (NYSE:FLG) last posted its quarterly earnings results on Friday, April 24th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $507.00 million during the quarter, compared to analyst estimates of $556.74 million. Flagstar Bank, National Association had a negative return on equity of 0.11% and a negative net margin of 1.22%.Flagstar Bank, National Association’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.26) EPS. As a group, equities analysts expect that Flagstar Bank, National Association will post 0.44 EPS for the current fiscal year.

Institutional Trading of Flagstar Bank, National Association

Institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. raised its holdings in shares of Flagstar Bank, National Association by 23.6% during the fourth quarter. UMB Bank n.a. now owns 3,766 shares of the company’s stock valued at $47,000 after purchasing an additional 719 shares during the last quarter. Allworth Financial LP boosted its holdings in Flagstar Bank, National Association by 8.6% in the fourth quarter. Allworth Financial LP now owns 10,994 shares of the company’s stock worth $138,000 after purchasing an additional 869 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Flagstar Bank, National Association by 6.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 16,060 shares of the company’s stock worth $185,000 after purchasing an additional 936 shares during the last quarter. Collar Capital Management LLC grew its position in Flagstar Bank, National Association by 0.9% in the 4th quarter. Collar Capital Management LLC now owns 117,025 shares of the company’s stock worth $1,473,000 after purchasing an additional 1,075 shares during the period. Finally, Empowered Funds LLC grew its position in Flagstar Bank, National Association by 4.0% in the 1st quarter. Empowered Funds LLC now owns 29,313 shares of the company’s stock worth $386,000 after purchasing an additional 1,117 shares during the period. Hedge funds and other institutional investors own 67.88% of the company’s stock.

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.