Flagstar Bank, National Association (NYSE:FLG) Receives Consensus Rating of "Hold" from Analysts

Shares of Flagstar Bank, National Association (NYSE:FLG - Get Free Report) have received an average recommendation of "Hold" from the fifteen ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $15.3929.

A number of research firms have weighed in on FLG. Truist Financial raised shares of Flagstar Bank, National Association from a "hold" rating to a "buy" rating and raised their target price for the stock from $13.50 to $17.00 in a research note on Tuesday, April 7th. Citigroup lifted their price target on shares of Flagstar Bank, National Association from $16.50 to $17.00 and gave the company a "buy" rating in a research report on Tuesday, April 28th. DA Davidson lifted their price target on shares of Flagstar Bank, National Association from $16.00 to $17.00 and gave the company a "buy" rating in a research report on Monday, April 27th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Flagstar Bank, National Association in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Flagstar Bank, National Association from $14.50 to $15.00 and gave the company a "neutral" rating in a research report on Monday, February 2nd.

Flagstar Bank, National Association Trading Up 0.0%

FLG opened at $14.29 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.00 and a quick ratio of 0.99. The company's 50 day simple moving average is $13.41 and its two-hundred day simple moving average is $12.87. Flagstar Bank, National Association has a 1-year low of $10.38 and a 1-year high of $14.92. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of -64.97 and a beta of 1.03.

Flagstar Bank, National Association (NYSE:FLG - Get Free Report) last released its earnings results on Friday, April 24th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. Flagstar Bank, National Association had a negative net margin of 1.22% and a negative return on equity of 0.11%. The business had revenue of $507.00 million for the quarter, compared to analyst estimates of $556.74 million. During the same period last year, the company posted ($0.26) EPS. The business's revenue was up 1.6% on a year-over-year basis. Analysts expect that Flagstar Bank, National Association will post 0.47 EPS for the current fiscal year.

Flagstar Bank, National Association Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Sunday, June 7th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, June 5th. Flagstar Bank, National Association's payout ratio is presently -18.18%.

Institutional Trading of Flagstar Bank, National Association

Institutional investors have recently made changes to their positions in the company. DV Equities LLC purchased a new stake in shares of Flagstar Bank, National Association during the 4th quarter valued at approximately $25,000. Ameritas Advisory Services LLC purchased a new stake in Flagstar Bank, National Association in the third quarter valued at approximately $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Flagstar Bank, National Association in the fourth quarter valued at approximately $34,000. Litman Gregory Wealth Management LLC purchased a new stake in Flagstar Bank, National Association in the fourth quarter valued at approximately $34,000. Finally, Advisory Services Network LLC purchased a new stake in Flagstar Bank, National Association in the third quarter valued at approximately $35,000. Hedge funds and other institutional investors 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.

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