Flagstar Bank, National Association (NYSE:FLG) Given Consensus Recommendation of “Hold” by Analysts

Shares of Flagstar Bank, National Association (NYSE:FLG) have been assigned a consensus rating of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $14.3182.

A number of analysts recently commented on FLG shares. JPMorgan Chase & Co. boosted their target price on Flagstar Bank, National Association from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Tuesday, December 16th. 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. Barclays upped their target price on Flagstar Bank, National Association from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. UBS Group reduced their price target on shares of Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Finally, DA Davidson restated a “buy” rating and set a $14.50 price target on shares of Flagstar Bank, National Association in a research note on Thursday, November 13th.

Hedge Funds Weigh In On Flagstar Bank, National Association

Several large investors have recently added to or reduced their stakes in FLG. Inspire Investing LLC bought a new position in Flagstar Bank, National Association during the first quarter valued at $422,000. Mendon Capital Advisors Corp bought a new stake in shares of Flagstar Bank, National Association in the first quarter valued at $2,403,000. Comerica Bank purchased a new position in shares of Flagstar Bank, National Association during the 1st quarter valued at $990,000. American Century Companies Inc. bought a new position in shares of Flagstar Bank, National Association during the 1st quarter worth $405,000. Finally, Investors Research Corp purchased a new stake in Flagstar Bank, National Association in the 2nd quarter worth about $233,000. Institutional investors own 67.88% of the company’s stock.

Flagstar Bank, National Association Stock Down 0.6%

Shares of NYSE FLG opened at $13.05 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 1.73. The firm has a market cap of $5.42 billion, a PE ratio of -13.45, a P/E/G ratio of 0.56 and a beta of 1.09. The company’s fifty day simple moving average is $12.19 and its 200 day simple moving average is $11.94. Flagstar Bank, National Association has a 12-month low of $8.56 and a 12-month high of $13.85.

Flagstar Bank, National Association (NYSE:FLG) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.07) earnings per share 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%. As a group, sell-side analysts forecast that Flagstar Bank, National Association will post -0.31 earnings per share for the current fiscal year.

Flagstar Bank, National Association Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Sunday, December 7th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. Flagstar Bank, National Association’s payout ratio is presently -4.12%.

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.