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

Flagstar Bank, National Association (NYSE:FLG) has been assigned an average rating of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $15.8333.

Several brokerages have recently issued reports on FLG. Morgan Stanley increased their target price on Flagstar Bank, National Association from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Wall Street Zen raised Flagstar Bank, National Association from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Royal Bank Of Canada increased their target price on Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Monday, April 27th. Truist Financial raised Flagstar Bank, National Association from a “hold” rating to a “buy” rating and increased their target price for the stock from $13.50 to $17.00 in a research report on Tuesday, April 7th. Finally, Barclays increased their target price on Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC bought a new position in Flagstar Bank, National Association during the 1st quarter valued at approximately $2,039,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Flagstar Bank, National Association in the first quarter worth $1,754,000. Goldman Sachs Group Inc. bought a new stake in Flagstar Bank, National Association in the first quarter worth $21,022,000. United Services Automobile Association purchased a new stake in shares of Flagstar Bank, National Association in the first quarter worth $219,000. Finally, Empowered Funds LLC purchased a new stake in shares of Flagstar Bank, National Association in the first quarter worth $516,000. Institutional investors own 67.88% of the company’s stock.

Flagstar Bank, National Association Trading Up 0.8%

NYSE FLG opened at $15.27 on Friday. Flagstar Bank, National Association has a fifty-two week low of $10.55 and a fifty-two week high of $15.36. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50 day simple moving average of $14.23 and a two-hundred day simple moving average of $13.53. The stock has a market cap of $6.36 billion, a P/E ratio of -69.39 and a beta of 1.02.

Flagstar Bank, National Association (NYSE:FLG) last announced its 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. Flagstar Bank, National Association had a negative return on equity of 0.11% and a negative net margin of 1.22%.The firm had revenue of $507.00 million during the quarter, compared to analyst estimates of $556.74 million. During the same quarter in the prior year, the company earned ($0.26) EPS. The business’s revenue was up 1.6% compared to the same quarter last year. On average, analysts forecast that Flagstar Bank, National Association will post 0.45 earnings per share for the current year.

Flagstar Bank, National Association Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Sunday, June 7th were given a $0.01 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. Flagstar Bank, National Association’s dividend payout ratio is currently -18.18%.

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.