Wall Street Zen Downgrades Flagstar Bank, National Association (NYSE:FLG) to Sell

Flagstar Bank, National Association (NYSE:FLG) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Other research analysts have also issued reports about the company. DA Davidson reiterated a “buy” rating and issued a $16.00 price objective on shares of Flagstar Bank, National Association in a research report on Tuesday, February 24th. Citigroup lifted their target price on Flagstar Bank, National Association from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Cantor Fitzgerald lifted their target price on Flagstar Bank, National Association from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Morgan Stanley lifted their price target on Flagstar Bank, National Association from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Finally, Keefe, Bruyette & Woods raised Flagstar Bank, National Association from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $14.00 to $16.00 in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.18.

Flagstar Bank, National Association Trading Down 0.0%

FLG stock opened at $14.04 on Friday. The business has a fifty day moving average price of $13.30 and a 200 day moving average price of $12.57. Flagstar Bank, National Association has a fifty-two week low of $9.64 and a fifty-two week high of $14.53. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of -27.52 and a beta of 1.02. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.92 and a quick ratio of 0.91.

Flagstar Bank, National Association (NYSE:FLG) last released its quarterly earnings results 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 firm had revenue of $548.00 million during the quarter, compared to analysts’ expectations of $533.00 million. Flagstar Bank, National Association had a negative return on equity of 1.60% and a negative net margin of 3.68%.The business’s revenue was down 10.9% on a year-over-year basis. During the same period last year, the firm posted ($0.41) EPS. 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

A number of institutional investors have recently made changes to their positions in the company. UMB Bank n.a. boosted its holdings in shares of Flagstar Bank, National Association by 23.6% during the fourth quarter. UMB Bank n.a. now owns 3,766 shares of the company’s stock worth $47,000 after acquiring an additional 719 shares during the period. Allworth Financial LP boosted its stake in shares of Flagstar Bank, National Association by 8.6% in the fourth quarter. Allworth Financial LP now owns 10,994 shares of the company’s stock valued at $138,000 after buying an additional 869 shares during the period. Balefire LLC boosted its stake in shares of Flagstar Bank, National Association by 1.6% in the third quarter. Balefire LLC now owns 58,703 shares of the company’s stock valued at $678,000 after buying an additional 909 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of Flagstar Bank, National Association by 6.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 16,060 shares of the company’s stock valued at $185,000 after buying an additional 936 shares during the period. Finally, Collar Capital Management LLC boosted its stake in shares of Flagstar Bank, National Association by 0.9% in the fourth quarter. Collar Capital Management LLC now owns 117,025 shares of the company’s stock valued at $1,473,000 after buying an additional 1,075 shares during the period. Institutional investors own 67.88% of the company’s stock.

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.