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

Flagstar Bank, National Association (NYSE:FLG) had its price objective raised by Barclays from $14.00 to $15.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 10.58% from the stock’s current price.

Several other equities analysts have also weighed in on FLG. Citigroup lifted their price target on Flagstar Bank, National Association from $15.50 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Cantor Fitzgerald boosted 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 Friday. UBS Group decreased their target price on Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research 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 research 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.32.

Flagstar Bank, National Association Trading Up 0.6%

FLG stock traded up $0.09 during mid-day trading on Friday, reaching $13.57. The company had a trading volume of 2,998,868 shares, compared to its average volume of 5,932,092. Flagstar Bank, National Association has a 12 month low of $8.56 and a 12 month high of $13.85. The firm has a 50 day moving average of $11.81 and a 200 day moving average of $11.79. The company has a market capitalization of $5.64 billion, a PE ratio of -14.00 and a beta of 1.11. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.02 and a quick ratio of 1.01.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FLG. CWM LLC purchased a new position in shares of Flagstar Bank, National Association during the second quarter worth $28,000. Financial Freedom LLC purchased a new position in shares of Flagstar Bank, National Association in the 2nd quarter valued at $31,000. UMB Bank n.a. acquired a new stake in shares of Flagstar Bank, National Association during the second quarter worth about $33,000. Ameritas Advisory Services LLC purchased a new stake in Flagstar Bank, National Association in the third quarter valued at approximately $33,000. Finally, Marquette Asset Management LLC acquired a new stake in Flagstar Bank, National Association during the 2nd quarter worth $35,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

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.