Flagstar Bank, National Association’s (FLG) “Buy” Rating Reaffirmed at UBS Group

Flagstar Bank, National Association (NYSE:FLG)‘s stock had its “buy” rating reiterated by analysts at UBS Group in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $18.00 price objective on the stock. UBS Group’s price objective points to a potential upside of 19.60% from the stock’s previous close.

FLG has been the topic of a number of other reports. Morgan Stanley boosted their price objective on shares of Flagstar Bank, National Association from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. Citigroup raised their target price on shares of Flagstar Bank, National Association from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Barclays upped 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 Tuesday, April 7th. Wall Street Zen lowered shares of Flagstar Bank, National Association from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, DA Davidson raised their target price on Flagstar Bank, National Association from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Nine equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $16.79.

Flagstar Bank, National Association Price Performance

Shares of Flagstar Bank, National Association stock opened at $15.05 on Tuesday. The stock has a 50 day moving average price of $14.27 and a 200-day moving average price of $13.62. Flagstar Bank, National Association has a one year low of $10.57 and a one year high of $15.36. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of -68.41 and a beta of 1.01. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.90 and a current ratio of 0.90.

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

Institutional Trading of Flagstar Bank, National Association

Institutional investors have recently modified their holdings of the business. Glenmede Trust Co. NA acquired a new stake in Flagstar Bank, National Association in the first quarter valued at $172,000. Amundi boosted its holdings in Flagstar Bank, National Association by 93.9% during the first quarter. Amundi now owns 19,716 shares of the company’s stock worth $260,000 after buying an additional 9,550 shares in the last quarter. California State Teachers Retirement System grew its position in Flagstar Bank, National Association by 26.2% during the first quarter. California State Teachers Retirement System now owns 372,461 shares of the company’s stock worth $4,905,000 after buying an additional 77,292 shares during the period. Empowered Funds LLC increased its holdings in Flagstar Bank, National Association by 4.0% in the first quarter. Empowered Funds LLC now owns 29,313 shares of the company’s stock valued at $386,000 after buying an additional 1,117 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of Flagstar Bank, National Association by 32.7% during the 1st quarter. Quantinno Capital Management LP now owns 18,951 shares of the company’s stock valued at $250,000 after acquiring an additional 4,670 shares during the period. 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.