Flagstar Bank, National Association (NYSE:FLG) Stock Has Consensus Price Target of $16.38 According to Brokerages

Key Points

• Analyst sentiment is moderately bullish: Fourteen analysts give Flagstar Bank a consensus “Moderate Buy” rating, with 10 buys and 4 holds. The average 12-month price target is $16.38, above the reported share price of $11.55.
• Recent quarterly results fell short of expectations: Flagstar reported earnings of $0.05 per share versus the $0.06 consensus estimate, while revenue of $512 million missed the $539.34 million forecast. Analysts expect full-year EPS of approximately $0.31.
• The company authorized a $250 million share repurchase program: The plan permits buybacks of up to 4.1% of outstanding shares, alongside a quarterly dividend of $0.01 per share yielding about 0.3%.

Shares of Flagstar Bank, National Association (NYSE:FLG - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the fourteen analysts that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $16.38.

Several analysts recently commented on FLG shares. JPMorgan Chase & Co. reduced their target price on Flagstar Bank, National Association from $15.50 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, October 1st. TD Cowen lowered their price target on shares of Flagstar Bank, National Association from $17.00 to $16.00 and set a "buy" rating for the company in a report on Monday. Royal Bank Of Canada dropped their price target on shares of Flagstar Bank, National Association from $16.00 to $15.00 and set a "sector perform" rating on the stock in a research report on Monday, July 27th. Barclays decreased their price objective on shares of Flagstar Bank, National Association from $17.00 to $15.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Citigroup lifted 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 research note on Thursday, June 25th.

Institutional Investors Weigh In On Flagstar Bank, National Association

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in Flagstar Bank, National Association by 9.2% in the first quarter. Dimensional Fund Advisors LP now owns 6,731,631 shares of the company's stock valued at $88,645,000 after buying an additional 569,003 shares during the period. Norges Bank acquired a new stake in shares of Flagstar Bank, National Association during the 4th quarter worth approximately $44,046,000. Private Management Group Inc. grew its position in shares of Flagstar Bank, National Association by 1.1% during the 4th quarter. Private Management Group Inc. now owns 3,111,069 shares of the company's stock worth $39,168,000 after buying an additional 34,167 shares during the period. North Reef Capital Management LP acquired a new stake in shares of Flagstar Bank, National Association during the 1st quarter worth approximately $36,744,000. Finally, SG Americas Securities LLC increased its stake in shares of Flagstar Bank, National Association by 14,586.4% in the 1st quarter. SG Americas Securities LLC now owns 2,098,389 shares of the company's stock valued at $27,636,000 after acquiring an additional 2,084,101 shares in the last quarter. Institutional investors own 67.88% of the company's stock.

Flagstar Bank, National Association Stock Performance

Shares of Flagstar Bank, National Association stock opened at $11.55 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.43. Flagstar Bank, National Association has a twelve month low of $10.57 and a twelve month high of $15.44. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 384.97 and a beta of 1.05. The company's fifty day moving average is $13.29 and its 200 day moving average is $13.85.

Flagstar Bank, National Association (NYSE:FLG - Get Free Report) last announced its earnings results on Friday, July 24th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Flagstar Bank, National Association had a return on equity of 0.98% and a net margin of 1.08%.The company had revenue of $512.00 million for the quarter, compared to the consensus estimate of $539.34 million. During the same period in the prior year, the business earned ($0.14) earnings per share. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. Sell-side analysts forecast that Flagstar Bank, National Association will post 0.31 EPS for the current year.

Flagstar Bank, National Association Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Monday, September 7th were given a $0.01 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. Flagstar Bank, National Association's dividend payout ratio (DPR) is 133.33%.

Flagstar Bank, National Association declared that its Board of Directors has initiated a share repurchase plan on Friday, July 24th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 4.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Flagstar Bank, National Association Company Profile

Flagstar Bank, National Association is the principal banking subsidiary of Flagstar Financial, Inc NYSE: FLG. The bank provides a range of financial services to consumers, businesses and institutional clients, including deposit accounts, residential and commercial lending, consumer loans, credit products and treasury management services.

Flagstar also has a significant mortgage banking business, offering home purchase and refinancing loans through retail, broker and correspondent channels.

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