Flagstar Bank, National Association (NYSE:FLG) Price Target Raised to $15.00

Flagstar Bank, National Association (NYSE:FLG) had its target price increased by investment analysts at JPMorgan Chase & Co. from $14.00 to $15.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 15.55% from the company’s current price.

FLG has been the subject of a number of other research reports. Morgan Stanley set a $14.00 price objective on Flagstar Bank, National Association and gave the company an “underperform” rating in a report on Monday, September 29th. Citigroup increased their price target on shares of Flagstar Bank, National Association from $15.50 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Cantor Fitzgerald initiated coverage on shares of Flagstar Bank, National Association in a research note on Wednesday, September 10th. They set an “overweight” rating and a $15.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a report on Wednesday, October 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $14.50 target price on shares of Flagstar Bank, National Association in a report on Thursday, November 13th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $14.14.

Flagstar Bank, National Association Price Performance

Shares of NYSE:FLG traded down $0.11 during midday trading on Tuesday, reaching $12.98. The company’s stock had a trading volume of 458,497 shares, compared to its average volume of 5,940,771. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.02 and a quick ratio of 1.01. The company has a market capitalization of $5.40 billion, a P/E ratio of -13.40 and a beta of 1.11. The business’s fifty day simple moving average is $11.74 and its 200-day simple moving average is $11.76. Flagstar Bank, National Association has a fifty-two week low of $8.56 and a fifty-two week high of $13.35.

Flagstar Bank, National Association (NYSE:FLG) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter. Flagstar Bank, National Association had a negative net margin of 7.06% and a negative return on equity of 3.80%. The firm had revenue of $498.00 million for the quarter. As a group, equities research analysts expect that Flagstar Bank, National Association will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Flagstar Bank, National Association

A number of large investors have recently modified their holdings of the business. Allworth Financial LP raised its holdings in Flagstar Bank, National Association by 28.5% during the third quarter. Allworth Financial LP now owns 10,125 shares of the company’s stock worth $117,000 after acquiring an additional 2,248 shares in the last quarter. Swiss Life Asset Management Ltd bought a new position in shares of Flagstar Bank, National Association in the third quarter valued at $170,000. Polar Asset Management Partners Inc. grew its stake in shares of Flagstar Bank, National Association by 268.4% in the third quarter. Polar Asset Management Partners Inc. now owns 345,953 shares of the company’s stock valued at $3,996,000 after buying an additional 252,053 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in Flagstar Bank, National Association during the third quarter worth $374,000. Finally, Advisory Services Network LLC bought a new stake in Flagstar Bank, National Association during the third quarter worth $35,000. 67.88% of the stock is currently owned by institutional investors and hedge funds.

About Flagstar Bank, National Association

Flagstar Financial, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company’s deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.