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

Flagstar Bank, National Association (NYSE:FLG) has been given a consensus recommendation of “Hold” by the twelve brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $14.3182.

FLG has been the subject of several research reports. UBS Group reduced their price target on Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research note on Thursday, January 22nd. Barclays increased their price target on shares of 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. DA Davidson reaffirmed a “buy” rating and issued a $14.50 price objective on shares of Flagstar Bank, National Association in a research note on Thursday, November 13th. Finally, Cantor Fitzgerald upped their price objective on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, December 19th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FLG. Norges Bank acquired a new stake in Flagstar Bank, National Association during the second quarter worth about $31,502,000. Amalgamated Bank bought a new stake in shares of Flagstar Bank, National Association in the 2nd quarter worth approximately $1,394,000. Bank of New York Mellon Corp acquired a new stake in shares of Flagstar Bank, National Association during the 2nd quarter worth approximately $23,059,000. Signaturefd LLC bought a new stake in shares of Flagstar Bank, National Association during the second quarter valued at approximately $538,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Flagstar Bank, National Association in the second quarter valued at $1,020,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

Flagstar Bank, National Association Trading Down 1.1%

NYSE FLG opened at $12.93 on Thursday. 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 has a 1-year low of $9.47 and a 1-year high of $13.85. The firm’s fifty day simple moving average is $12.70 and its 200-day simple moving average is $12.11. The company has a market capitalization of $5.38 billion, a PE ratio of -13.33, a price-to-earnings-growth ratio of 0.56 and a beta of 1.09.

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 net margin of 7.06% and a negative return on equity of 3.80%. The firm had revenue of $498.00 million during the quarter. As a group, sell-side analysts anticipate that Flagstar Bank, National Association will post -0.31 earnings per share for the current fiscal year.

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.