Flagstar Bank, National Association (NYSE:FLG) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts' consensus: 15 firms give Flagstar Bank a "Moderate Buy" consensus with an average 1-year price target of $15.18, and several brokers (including Truist, Cantor Fitzgerald and Barclays) recently raised targets or ratings—Truist upgraded to a buy with a $17 target.
• Flagstar beat quarterly estimates with $0.06 EPS (vs. $0.02 expected) and $548M revenue (vs. $533M expected), but revenue was down 10.9% YoY and the company still shows negative return on equity and net margin, with analysts forecasting -$0.31 EPS for the current fiscal year.
• The stock trades around $14.06 (12‑month high $14.53, low $9.75), has a $5.85B market cap, ~67.9% institutional ownership, and a minimal quarterly dividend of $0.01 (annualized yield ~0.3%).

Flagstar Bank, National Association (NYSE:FLG - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $15.1786.

A number of research firms have issued reports on FLG. Royal Bank Of Canada lifted their price objective on Flagstar Bank, National Association from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research note on Monday, February 2nd. Cantor Fitzgerald lifted their price objective on Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, December 19th. Truist Financial raised Flagstar Bank, National Association from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $13.50 to $17.00 in a research note on Tuesday, April 7th. Barclays lifted their price objective on Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Flagstar Bank, National Association in a research note on Thursday, January 22nd.

Flagstar Bank, National Association Stock Up 0.1%

NYSE FLG opened at $14.06 on Tuesday. The stock's 50 day moving average is $13.31 and its 200 day moving average is $12.59. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.59. Flagstar Bank, National Association has a 12 month low of $9.75 and a 12 month high of $14.53. The stock has a market cap of $5.85 billion, a PE ratio of -27.56 and a beta of 1.02.

Flagstar Bank, National Association (NYSE:FLG - Get Free Report) last posted its quarterly earnings results on Friday, January 30th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $533.00 million. During the same period in the previous year, the firm earned ($0.41) EPS. The firm'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 EPS for the current fiscal year.

Flagstar Bank, National Association Announces Dividend

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

Institutional Trading of Flagstar Bank, National Association

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

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.

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.