Flagstar Bank, National Association (NYSE:FLG) Receives Buy Rating from DA Davidson

Flagstar Bank, National Association (NYSE:FLG)‘s stock had its “buy” rating reaffirmed by equities researchers at DA Davidson in a report issued on Tuesday,Benzinga reports. They currently have a $16.00 target price on the stock. DA Davidson’s price objective would indicate a potential upside of 18.74% from the stock’s current price.

Other equities analysts have also issued reports about the stock. UBS Group decreased their price objective on shares of Flagstar Bank, National Association from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Keefe, Bruyette & Woods lifted their target price on Flagstar Bank, National Association from $13.50 to $14.00 and gave the stock a “market perform” rating in a report on Monday, February 2nd. Barclays upped their price target on Flagstar Bank, National Association from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Cantor Fitzgerald increased 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, December 19th. Finally, Royal Bank Of Canada boosted their target price 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. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.46.

Flagstar Bank, National Association Stock Down 0.6%

Flagstar Bank, National Association stock traded down $0.08 during mid-day trading on Tuesday, reaching $13.48. The stock had a trading volume of 783,576 shares, compared to its average volume of 5,468,347. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of -26.35 and a beta of 1.10. The company has a 50-day moving average price of $13.23 and a two-hundred day moving average price of $12.41. Flagstar Bank, National Association has a one year low of $9.64 and a one year high of $14.53. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.00 and a quick ratio of 0.99.

Flagstar Bank, National Association (NYSE:FLG) last released its quarterly earnings data on Friday, January 30th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $548.00 million during the quarter, compared to analyst estimates of $533.00 million. Flagstar Bank, National Association had a negative net margin of 3.68% and a negative return on equity of 1.60%. Flagstar Bank, National Association’s revenue was down 10.9% compared to the same quarter last year. During the same period last year, the business earned ($0.41) EPS. On average, analysts expect that Flagstar Bank, National Association will post -0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Flagstar Bank, National Association

Hedge funds have recently modified their holdings of the business. DV Equities LLC purchased a new position in shares of Flagstar Bank, National Association in the fourth quarter valued at about $25,000. CWM LLC bought a new stake in Flagstar Bank, National Association during the 2nd quarter valued at approximately $28,000. Financial Freedom LLC purchased a new position in Flagstar Bank, National Association in the 2nd quarter worth approximately $31,000. Ameritas Advisory Services LLC purchased a new position in Flagstar Bank, National Association in the 3rd quarter worth approximately $33,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Flagstar Bank, National Association in the 4th quarter worth approximately $34,000. 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.