Flagstar Bank, National Association (NYSE:FLG) Hits New 1-Year High - Time to Buy?

Key Points

• Flagstar (NYSE:FLG) hit a new 52-week high of $14.60 and was trading up roughly 3.8%; analysts have been raising targets and MarketBeat shows a consensus rating of Moderate Buy with a $15.18 target.
• Operationally, Flagstar posted a quarterly EPS beat ($0.06 vs. $0.02) but remains unprofitable on the year — negative net margin (-3.68%), negative ROE (-1.60%), revenue down 10.9% YoY and analysts expect -$0.31 EPS for the current year.
• Institutional investors own about 67.88% of shares with recent large inflows (SG Americas added ~2.08M shares), and the bank pays a nominal quarterly dividend of $0.01 (≈0.3% yield).

Flagstar Bank, National Association (NYSE:FLG - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $14.60 and last traded at $14.5770, with a volume of 651419 shares changing hands. The stock had previously closed at $14.25.

Analysts Set New Price Targets

Several research analysts recently issued reports on FLG shares. Citigroup lifted their price objective on Flagstar Bank, National Association from $16.00 to $16.50 and gave the stock a "buy" rating in a research report on Tuesday, February 3rd. Royal Bank Of Canada raised their price target on Flagstar Bank, National Association from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research report on Monday, February 2nd. Barclays upped their price objective on Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Tuesday, April 7th. Wall Street Zen downgraded shares of Flagstar Bank, National Association from a "hold" rating to a "sell" rating in a research note on Saturday, April 11th. Finally, Morgan Stanley raised their price target on shares of Flagstar Bank, National Association from $14.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.18.

Flagstar Bank, National Association Trading Up 3.8%

The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of -28.99 and a beta of 1.02. The business has a 50 day simple moving average of $13.32 and a 200-day simple moving average of $12.63.

Flagstar Bank, National Association (NYSE:FLG - Get Free Report) last announced its quarterly earnings data 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 net margin of 3.68% and a negative return on equity of 1.60%. The business had revenue of $548.00 million for the quarter, compared to analyst estimates of $533.00 million. During the same period in the prior year, the firm posted ($0.41) EPS. The company's revenue was down 10.9% on a year-over-year basis. On average, equities analysts predict that Flagstar Bank, National Association will post -0.31 earnings per share for the current year.

Flagstar Bank, National Association Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLG. SG Americas Securities LLC increased its stake in Flagstar Bank, National Association by 14,586.4% during the first quarter. SG Americas Securities LLC now owns 2,098,389 shares of the company's stock worth $27,636,000 after acquiring an additional 2,084,101 shares during the last quarter. World Investment Advisors increased its position in Flagstar Bank, National Association by 204.2% during the 4th quarter. World Investment Advisors now owns 43,881 shares of the company's stock worth $552,000 after purchasing an additional 29,458 shares in the last quarter. Virtu Financial LLC purchased a new position in Flagstar Bank, National Association in the fourth quarter valued at approximately $324,000. Invesco Ltd. lifted its position in Flagstar Bank, National Association by 16.3% during the fourth quarter. Invesco Ltd. now owns 967,095 shares of the company's stock valued at $12,176,000 after buying an additional 135,890 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in Flagstar Bank, National Association by 4.5% during the fourth quarter. Corient Private Wealth LLC now owns 49,175 shares of the company's stock worth $593,000 after buying an additional 2,136 shares during the period. Institutional investors and hedge funds own 67.88% of the company's stock.

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.

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.