Flagstar Bank, National Association (NYSE:FLG) Stock Has Average Target Price of $14.54 According to Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Flagstar Bank, with 10 buy ratings, three holds and one sell rating. The average 12-month price target is $14.54, above the reported share price of $10.50.
• Flagstar’s latest quarter fell short of expectations, with earnings of $0.01 per share versus a $0.07 consensus estimate and revenue of $530 million versus expectations of $545.12 million.
• The company authorized a $250 million share buyback, covering up to 4.1% of outstanding shares, and declared a quarterly dividend of $0.01 per share, equivalent to a 0.4% annualized yield.

Shares of Flagstar Bank, National Association (NYSE:FLG - Get Free Report) have been given an average rating of "Moderate Buy" by the fourteen ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $14.54.

A number of brokerages recently commented on FLG. Citigroup decreased their price target on Flagstar Bank, National Association from $18.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday. Barclays cut their price objective on Flagstar Bank, National Association from $15.00 to $14.00 and set an "overweight" rating on the stock in a research report on Monday, October 26th. Royal Bank Of Canada decreased their target price on Flagstar Bank, National Association from $13.00 to $12.00 and set a "sector perform" rating for the company in a research report on Monday, October 26th. Cantor Fitzgerald reiterated an "overweight" rating and set a $16.00 target price on shares of Flagstar Bank, National Association in a research note on Tuesday. Finally, DA Davidson reissued a "buy" rating and issued a $17.00 price target on shares of Flagstar Bank, National Association in a report on Monday, July 27th.

Insider Activity

In related news, Director Alan L. Frank purchased 10,000 shares of the firm's stock in a transaction dated Tuesday, October 27th. The stock was bought at an average price of $10.14 per share, for a total transaction of $101,400.00. Following the purchase, the director directly owned 76,463 shares in the company, valued at approximately $775,334.82. This trade represents a 15.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 21.42% of the stock is currently owned by insiders.

Institutional Trading of Flagstar Bank, National Association

Large investors have recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in Flagstar Bank, National Association by 114.0% in the 2nd quarter. IFP Advisors Inc now owns 3,013 shares of the company's stock worth $45,000 after purchasing an additional 1,605 shares in the last quarter. Core Capital Management & Research inc. purchased a new stake in Flagstar Bank, National Association in the second quarter worth about $50,000. Signature Equity Partners LLC bought a new stake in Flagstar Bank, National Association during the 1st quarter valued at approximately $74,000. Nykredit A S bought a new stake in Flagstar Bank, National Association during the 2nd quarter valued at approximately $153,000. Finally, HB Wealth Management LLC grew its holdings in shares of Flagstar Bank, National Association by 16.5% during the 1st quarter. HB Wealth Management LLC now owns 12,042 shares of the company's stock worth $159,000 after acquiring an additional 1,704 shares during the period. 67.88% of the stock is owned by hedge funds and other institutional investors.

Flagstar Bank, National Association Trading Up 0.3%

Shares of Flagstar Bank, National Association stock opened at $10.50 on Friday. The company has a market capitalization of $4.36 billion, a P/E ratio of 70.00 and a beta of 1.05. The stock has a fifty day simple moving average of $12.11 and a 200 day simple moving average of $13.43. Flagstar Bank, National Association has a 12-month low of $9.93 and a 12-month high of $15.44. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.53.

Flagstar Bank, National Association (NYSE:FLG - Get Free Report) last posted its quarterly earnings data on Friday, October 23rd. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). Flagstar Bank, National Association had a net margin of 2.22% and a return on equity of 1.45%. The firm had revenue of $530.00 million during the quarter, compared to analysts' expectations of $545.12 million. During the same quarter last year, the business posted ($0.07) EPS. On average, sell-side analysts anticipate that Flagstar Bank, National Association will post 0.15 earnings per share for the current fiscal year.

Flagstar Bank, National Association declared that its board has authorized a share buyback plan on Friday, July 24th that authorizes the company to repurchase $250 million in shares. This buyback authorization authorizes the company to purchase up to 4.1% of its stock through open market purchases. Share buyback plans are typically a sign that the company's management believes its stock is undervalued.

Flagstar Bank, National Association Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Monday, December 7th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, December 7th. Flagstar Bank, National Association's payout ratio is presently 26.67%.

About Flagstar Bank, National Association

Flagstar Bank, National Association is a full-service regional bank and the principal banking subsidiary of Flagstar Financial, Inc, formerly known as New York Community Bancorp. The bank provides consumer and business banking services through deposits, checking and savings accounts, lending, cash management, and digital banking channels.

Flagstar's lending activities include residential mortgages, mortgage servicing, commercial real estate loans, multifamily financing, commercial and industrial loans, and other consumer credit products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.