Cantor Fitzgerald reiterated their overweight rating on shares of Flagstar Bank, National Association (NYSE:FLG – Free Report) in a research note published on Tuesday morning,Benzinga reports. Cantor Fitzgerald currently has a $16.00 target price on the stock.
A number of other equities research analysts have also recently issued reports on the stock. Weiss Ratings upgraded shares of Flagstar Bank, National Association from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. TD Cowen cut their target price on Flagstar Bank, National Association from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Monday. Wall Street Zen lowered Flagstar Bank, National Association from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. DA Davidson reaffirmed a “buy” rating and issued a $17.00 price target on shares of Flagstar Bank, National Association in a research report on Monday, July 27th. Finally, Truist Financial decreased their price target on Flagstar Bank, National Association from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Monday. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.54.
Read Our Latest Analysis on FLG
Flagstar Bank, National Association Price Performance
NYSE FLG opened at $10.45 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $4.34 billion, a PE ratio of 63.50 and a beta of 1.05. The company has a 50 day moving average price of $12.17 and a two-hundred day moving average price of $13.44. Flagstar Bank, National Association has a 12-month low of $9.93 and a 12-month high of $15.44.
Flagstar Bank, National Association (NYSE:FLG – Get Free Report) last posted its earnings results on Friday, October 23rd. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). Flagstar Bank, National Association had a return on equity of 1.45% and a net margin of 2.22%. The business had revenue of $530.00 million during the quarter, compared to the consensus estimate of $545.12 million. During the same period in the prior year, the firm earned ($0.07) earnings per share. As a group, equities analysts predict that Flagstar Bank, National Association will post 0.16 earnings per share for the current fiscal year.
Flagstar Bank, National Association Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Monday, December 7th will be paid a $0.01 dividend. The ex-dividend date is Monday, December 7th. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. Flagstar Bank, National Association’s dividend payout ratio (DPR) is presently 26.67%.
Flagstar Bank, National Association declared that its board has initiated a share repurchase plan on Friday, July 24th that permits the company to buy back $250 million in shares. This repurchase authorization permits the company to purchase up to 4.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
Insider Buying and Selling
In other news, Director Alan L. Frank bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 27th. The shares were purchased at an average price of $10.14 per share, for a total transaction of $101,400.00. Following the acquisition, the director directly owned 76,463 shares of the company’s stock, valued at $775,334.82. The trade was a 15.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 21.42% of the stock is owned by company insiders.
Institutional Investors Weigh In On Flagstar Bank, National Association
Several hedge funds and other institutional investors have recently made changes to their positions in FLG. IFP Advisors Inc boosted its position in shares of Flagstar Bank, National Association by 114.0% in the second quarter. IFP Advisors Inc now owns 3,013 shares of the company’s stock valued at $45,000 after acquiring an additional 1,605 shares during the period. Core Capital Management & Research inc. acquired a new stake in shares of Flagstar Bank, National Association in the second quarter worth $50,000. Signature Equity Partners LLC bought a new position in Flagstar Bank, National Association during the first quarter worth $74,000. Nykredit A S bought a new position in Flagstar Bank, National Association during the second quarter worth $153,000. Finally, HB Wealth Management LLC increased its position in Flagstar Bank, National Association by 16.5% during the first quarter. HB Wealth Management LLC now owns 12,042 shares of the company’s stock worth $159,000 after acquiring an additional 1,704 shares during the period. 67.88% of the stock is owned by institutional investors and hedge funds.
Flagstar Bank, National Association News Roundup
Here are the key news stories impacting Flagstar Bank, National Association this week:
- Positive Sentiment: Director Alan Frank purchased 10,000 FLG shares for approximately $101,400 at an average price of $10.14, increasing his ownership by 15.05%. The sizable insider purchase may signal that management views the recent weakness as an attractive entry point. Insider purchase report
- Positive Sentiment: Cantor Fitzgerald reaffirmed an “overweight” rating on Flagstar, suggesting the firm continues to see potential upside despite recent operating challenges. Cantor Fitzgerald rating report
- Positive Sentiment: Flagstar declared a quarterly common-stock dividend of $0.01 per share, payable December 17 to shareholders of record on December 7. The dividend provides a continuing shareholder return, although its approximately 0.4% annualized yield is unlikely to materially affect valuation. Flagstar dividend announcement
- Negative Sentiment: Flagstar reduced its 2026 and 2027 net-interest-income and EPS outlooks, citing higher credit costs and slower balance-sheet growth. Management also delayed its profitability target from 2027 to 2028, raising concerns about the pace of earnings recovery. Flagstar outlook revision
- Negative Sentiment: UBS issued a more pessimistic forecast for FLG, while JPMorgan, Truist and Barclays also lowered their expectations or price targets. The revisions reflect concerns about credit quality, profitability and slower growth. UBS Flagstar forecast report
Flagstar Bank, National Association Company Profile
Flagstar Bank, National Association is a full-service regional bank and the principal banking subsidiary of Flagstar Financial, Inc, formerly known as New York Community Bancorp. The bank provides consumer and business banking services through deposits, checking and savings accounts, lending, cash management, and digital banking channels.
Flagstar’s lending activities include residential mortgages, mortgage servicing, commercial real estate loans, multifamily financing, commercial and industrial loans, and other consumer credit products.
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