Citigroup Reiterates Buy Rating on Flagstar Bank
Citigroup reaffirmed its buy rating for Flagstar Bank with an $18 target price, a 20.32% upside from the current price.
Key Points
- Citigroup reaffirmed its buy rating on Flagstar Bank (NYSE:FLG) on June 25, 2026, with a price target of $18.
- Citigroup's $18 price target implies 20.32% upside from Flagstar Bank, National Association's ($FLG) current $14.96 share price.
- Flagstar Bank shares traded at $15.08 on Friday, with a market cap of approximately $6.31 billion and a forward P/E of 9.79.
- Analysts maintain a consensus buy rating on Flagstar Bank, with a mean target price of $15.84 among 16 opinions.
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Citigroup reiterated its buy rating on Flagstar Bank, National Association (NYSE:FLG) on June 25, 2026. The firm set a price target of $18, reflecting confidence in the bank's potential upside. Shares of Flagstar Bank traded at $15.08 on Friday.
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Other Institutional Activity in Flagstar Bank
Several prominent funds have also been active with Flagstar Bank. Liberty 77 Capital L.P. maintained its position with nearly 75 million shares valued at about $987.7 million. BlackRock, Inc. reduced its holdings by 1,936,480 shares, bringing its total to 41,101,290 shares, worth approximately $541.3 million, marking a 4.5% decrease. State Street Corp trimmed its stake by 1,091,157 shares, resulting in 16,610,541 shares valued at around $218.8 million, a 6.2% decrease. Meanwhile, Vanguard Portfolio Management LLC opened a new position with 15,644,805 shares valued at approximately $206 million.
Flagstar Bank, National Association Stock Up 11.2%
Shares of Flagstar Bank traded near $15.08 on Friday. The company, part of the financial services sector and regional banks industry, boasts a market cap of about $6.31 billion. With a forward P/E ratio of 9.79 and a beta of 1.03, the stock's 52-week range is between $10.55 and $15.37. Its 50-day moving average is $14.19, while the 200-day moving average stands at $12.96.
$FLG price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Flagstar Bank reported revenue of approximately $1.96 billion, with a growth rate of 21.2%. However, the company posted a net margin of -2.85% and a return on equity of -0.69%. The next earnings report is expected on July 24, 2026.
Dividend
Flagstar Bank offers a modest annual dividend rate of $0.04, yielding 0.26% with a payout ratio of 20.99%.
Insider Buying and Selling at Flagstar Bank, National Association
Steven Mnuchin was active in trading Flagstar Bank shares. On January 27, 2026, he purchased 9,939 shares. Previously, on March 27, 2025, he both bought and sold 10,357 shares.
Analysts Set New Price Targets
On June 25, 2026, Citigroup maintained its buy rating with an $18 price target. Piper Sandler, RBC Capital, and DA Davidson also maintained their ratings in April 2026, with targets ranging from $16 to $17. Barclays and Truist Securities upgraded the stock in early April, with targets at $16 and $17, respectively.
About Flagstar Bank
Flagstar Bank, National Association, headquartered in Hicksville, New York, provides a wide range of banking products and services in the U.S. It offers deposit accounts, various loan products, and investment and insurance services. The bank serves individuals, small and mid-size businesses, and professional associations. Founded in 1859, it employs over 5,600 people under the leadership of CEO Joseph M. Otting.
Bottom Line
Citigroup's reaffirmation of a buy rating with an $18 target suggests optimism for Flagstar Bank's future performance. While the bank faces challenges with negative margins and ROE, its stock remains closely watched by investors. Remember, 13F filings and analyst ratings are backward-looking and may not reflect current conditions.
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