Flagstar Bank, National Association (NYSE:FLG) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts give Flagstar a consensus "Hold" rating from 15 firms (1 sell, 7 hold, 6 buy, 1 strong buy) with an average 1‑year price target of about $14.86, and several firms have recently raised targets to $15–$16 or initiated buy/overweight coverage.
• Flagstar beat quarterly estimates (EPS $0.06 vs. $0.02; revenue $548M vs. $533M) but reported a 10.9% YoY revenue decline and negative profitability metrics (ROE -1.60%, net margin -3.68%), and analysts forecast -$0.31 EPS for the current fiscal year.
• Shares opened at $12.54 (12‑month range $9.64–$14.53) with a market cap of $5.21B; the bank pays a tiny quarterly dividend of $0.01 (annualized yield ~0.3%) and roughly 67.9% of stock is held by institutional investors.

Shares of Flagstar Bank, National Association (NYSE:FLG - Get Free Report) have been given a consensus recommendation of "Hold" by the fifteen research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $14.8571.

Several equities analysts recently commented on the company. DA Davidson reissued a "buy" rating and set a $16.00 price target on shares of Flagstar Bank, National Association in a research report on Tuesday, February 24th. Wall Street Zen upgraded shares of Flagstar Bank, National Association from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Piper Sandler started coverage on shares of Flagstar Bank, National Association in a research report on Monday. They set an "overweight" rating and a $16.00 target price on the stock. Royal Bank Of Canada upped their target price on shares of Flagstar Bank, National Association from $13.00 to $15.00 and gave the company a "sector perform" rating in a research note on Monday, February 2nd. Finally, Cantor Fitzgerald raised their price target on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, December 19th.

Flagstar Bank, National Association Trading Up 1.4%

NYSE:FLG opened at $12.54 on Friday. The business's 50-day moving average is $13.20 and its two-hundred day moving average is $12.47. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.92 and a quick ratio of 0.91. Flagstar Bank, National Association has a 12 month low of $9.64 and a 12 month high of $14.53. The firm has a market capitalization of $5.21 billion, a PE ratio of -24.58 and a beta of 1.08.

Flagstar Bank, National Association (NYSE:FLG - Get Free Report) last issued its earnings results on Friday, January 30th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. Flagstar Bank, National Association had a negative return on equity of 1.60% and a negative net margin of 3.68%.The company had revenue of $548.00 million during the quarter, compared to the consensus estimate of $533.00 million. During the same quarter in the prior year, the business earned ($0.41) earnings per share. The company's revenue was down 10.9% compared to the same quarter last year. Research analysts predict that Flagstar Bank, National Association will post -0.31 earnings per share for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Saturday, March 7th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, March 6th. Flagstar Bank, National Association's dividend payout ratio is presently -7.84%.

Institutional Trading of Flagstar Bank, National Association

Hedge funds and other institutional investors have recently modified their holdings of the business. DV Equities LLC purchased a new position in Flagstar Bank, National Association in the fourth quarter valued at about $25,000. Litman Gregory Wealth Management LLC acquired a new stake in Flagstar Bank, National Association during the 4th quarter valued at approximately $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Flagstar Bank, National Association during the 4th quarter worth approximately $34,000. Ameritas Advisory Services LLC purchased a new stake in Flagstar Bank, National Association during the 3rd quarter worth approximately $33,000. Finally, Financial Freedom LLC acquired a new position in shares of Flagstar Bank, National Association in the 2nd quarter valued at approximately $31,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

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.

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