Piper Sandler Reiterates Buy Rating on Flagstar Bank
Piper Sandler maintains a positive outlook on Flagstar Bank, setting a $17.5 price target, a 16.98% upside from the current price.
Key Points
- Piper Sandler reiterated its buy rating on Flagstar Bank, setting a price target of $17.5 on June 26, 2026.
- Piper Sandler's $17.50 price target implies 16.98% upside from Flagstar Bank, National Association's ($FLG) current $14.96 share price.
- Flagstar Bank's stock traded near $15.15 on Friday, with a market cap of about $6.31 billion and a forward P/E of 9.79.
- Vanguard Portfolio Management LLC opened a new position in Flagstar Bank, while BlackRock and State Street Corp reduced their holdings.
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Piper Sandler reiterated its buy rating on Flagstar Bank, National Association (NYSE:FLG) on June 26, 2026. The firm set a price target of $17.5, indicating confidence in the bank's future performance. Shares of Flagstar Bank traded near $15.15 on Friday.
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Other Institutional Activity in Flagstar Bank
Vanguard Portfolio Management LLC opened a new position in Flagstar Bank, acquiring 15,644,805 shares valued at approximately $206.04 million. Meanwhile, BlackRock, Inc. reduced its holdings by 1,936,480 shares, bringing its total to 41,101,290 shares worth about $541.3 million. State Street Corp also trimmed its stake by 1,091,157 shares, ending with 16,610,541 shares valued at $218.76 million.
Flagstar Bank, National Association Stock Up 11.2%
Flagstar Bank, National Association has a market cap of approximately $6.31 billion. The stock's forward P/E ratio is 9.79, with a beta of 1.03. Over the past 52 weeks, Flagstar's share price has ranged from a low of $10.55 to a high of $15.37. Its 50-day moving average is $14.19, while the 200-day moving average is $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 about $1.96 billion, with a growth rate of 21.2%. However, the bank had a net margin of -2.85% and an ROE of -0.69%, reflecting some financial challenges. The next earnings report is expected on July 24, 2026.
Dividend
Flagstar Bank offers a dividend rate of $0.04 per share, yielding 0.26% with a payout ratio of 20.99%.
Insider Buying and Selling at Flagstar Bank, National Association
Steven Mnuchin made several transactions involving Flagstar Bank shares. On January 27, 2026, he bought 9,939 shares. Previously, on March 27, 2025, he both bought and sold 10,357 shares.
Analysts Set New Price Targets
On June 26, 2026, Piper Sandler maintained its buy rating on Flagstar Bank with a $17.5 price target. Citigroup also maintained a buy rating with an $18.0 target on June 25, 2026. The consensus among analysts is a buy rating, with an average price target of $15.84 based on 16 opinions.
About Flagstar Bank
Flagstar Bank, National Association provides a range of banking services in the United States. Based in Hicksville, New York, the bank offers deposit accounts, loans, and investment products. It serves individuals, small businesses, and professional associations. Founded in 1859, the bank is led by CEO Joseph M. Otting and employs approximately 5,631 people.
Bottom Line
Piper Sandler's reiterated buy rating and $17.5 target highlight confidence in Flagstar Bank's prospects. Investors often track such analyst actions for insights into potential stock performance. Remember, analyst ratings are forward-looking opinions and may not reflect immediate market conditions.
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