Flagstar Bank, National Association (NYSE:FLG) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Flagstar Bank, National Association (NYSE:FLGGet Free Report) had its price objective hoisted by equities research analysts at Cantor Fitzgerald from $16.00 to $17.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 12.02% from the stock’s previous close.

Several other brokerages have also issued reports on FLG. Piper Sandler upped their target price on shares of Flagstar Bank, National Association from $16.50 to $17.50 and gave the stock an “overweight” rating in a research report on Friday, June 26th. UBS Group assumed coverage on shares of Flagstar Bank, National Association in a research note on Tuesday, July 7th. They issued a “buy” rating and a $18.00 target price on the stock. Barclays upped their price objective on shares of Flagstar Bank, National Association from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Royal Bank Of Canada raised their price objective on Flagstar Bank, National Association from $15.00 to $16.00 and gave the company a “sector perform” rating in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. boosted their target price on Flagstar Bank, National Association from $15.50 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Flagstar Bank, National Association presently has an average rating of “Moderate Buy” and a consensus price target of $16.96.

Read Our Latest Stock Analysis on FLG

Flagstar Bank, National Association Stock Performance

Shares of Flagstar Bank, National Association stock traded up $0.22 on Wednesday, reaching $15.18. 473,889 shares of the company traded hands, compared to its average volume of 5,028,238. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.90 and a quick ratio of 0.90. The company has a 50 day moving average of $14.38 and a 200 day moving average of $13.69. Flagstar Bank, National Association has a 52 week low of $10.57 and a 52 week high of $15.36. The firm has a market capitalization of $6.33 billion, a PE ratio of -69.15 and a beta of 1.01.

Flagstar Bank, National Association (NYSE:FLGGet Free Report) last issued its quarterly earnings results on Friday, April 24th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Flagstar Bank, National Association had a negative return on equity of 0.11% and a negative net margin of 1.22%.The firm had revenue of $507.00 million for the quarter, compared to analysts’ expectations of $556.74 million. During the same quarter in the prior year, the firm earned ($0.26) EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities analysts forecast that Flagstar Bank, National Association will post 0.43 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. DV Equities LLC purchased a new position in Flagstar Bank, National Association during the 4th quarter worth $25,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Flagstar Bank, National Association during the fourth quarter valued at $34,000. Litman Gregory Wealth Management LLC purchased a new position in shares of Flagstar Bank, National Association in the fourth quarter worth about $34,000. Advisory Services Network LLC acquired a new position in Flagstar Bank, National Association during the third quarter valued at $35,000. Finally, Clayton Financial Group LLC purchased a new position in shares of Flagstar Bank, National Association during the 4th quarter valued at approximately $42,000. 67.88% of the stock is currently owned by institutional investors.

About Flagstar Bank, National Association

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Flagstar Bank, National Association (NYSE:FLG)

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