Wall Street Zen upgraded shares of Flagstar Bank, National Association (NYSE:FLG – Free Report) from a sell rating to a hold rating in a research note published on Saturday.
Several other equities analysts also recently commented on the stock. Barclays upped their price objective on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Keefe, Bruyette & Woods raised shares of Flagstar Bank, National Association from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $14.00 to $16.00 in a research note on Friday, March 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flagstar Bank, National Association in a research note on Tuesday, April 21st. Truist Financial raised shares of Flagstar Bank, National Association from a “hold” rating to a “buy” rating and upped their price objective for the company from $13.50 to $17.00 in a research note on Tuesday, April 7th. Finally, Royal Bank Of Canada upped their price objective on shares of Flagstar Bank, National Association from $15.00 to $16.00 and gave the company a “sector perform” rating in a research note on Monday, April 27th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.39.
View Our Latest Research Report on Flagstar Bank, National Association
Flagstar Bank, National Association Stock Performance
Flagstar Bank, National Association (NYSE:FLG – Get Free Report) last posted its quarterly earnings results on Friday, April 24th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $507.00 million during the quarter, compared to the consensus estimate of $556.74 million. Flagstar Bank, National Association had a negative net margin of 1.22% and a negative return on equity of 0.11%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.26) earnings per share. Research analysts expect that Flagstar Bank, National Association will post 0.47 EPS for the current year.
Flagstar Bank, National Association Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Sunday, June 7th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, June 5th. Flagstar Bank, National Association’s dividend payout ratio is -18.18%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. DV Equities LLC bought a new position in shares of Flagstar Bank, National Association in the fourth quarter worth approximately $25,000. Ameritas Advisory Services LLC bought a new position in Flagstar Bank, National Association in the third quarter worth approximately $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Flagstar Bank, National Association in the fourth quarter worth approximately $34,000. Litman Gregory Wealth Management LLC purchased a new stake in shares of Flagstar Bank, National Association in the fourth quarter worth $34,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Flagstar Bank, National Association in the third quarter worth $35,000. 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.
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