Flagstar Bank NA

FLG · NYSE

$11.12+$0.16 (+1.46%)TodayMarket closed · Oct 20, 7:41 PM ET

Prev close $10.96

FLG analyst rating

BuyConsensus of 14 analysts over the last 12 months. 79% rate it a buy.

Strong buy0
Buy11
Hold3
Underperform0
Sell0

12-month price target · 18 analysts

Average $16.41 (+47.6% upside)

Low: $13.13
Now: $11.12
High: $18.90

Upgrades and downgrades

The latest rating actions, newest first

FLG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Cantor Fitzgerald	Oct 14, 2026	Maintains	Overweight	$17.00 → $16.00	54%
RBC Capital	Oct 9, 2026	Maintains	Sector Perform	$15.00 → $13.00	30%
Truist Securities	Oct 9, 2026	Maintains	Buy	$17.00 → $15.00	57%
TD Cowen	Oct 5, 2026	Maintains	Buy	$17.00 → $16.00	47%
Barclays	Oct 5, 2026	Maintains	Overweight	$17.00 → $15.00	54%
JP Morgan	Oct 1, 2026	Maintains	Neutral	$15.50 → $14.00	50%
Morgan Stanley	Sep 28, 2026	Maintains	Overweight	$17.00 → $16.00	59%
Morgan Stanley	Sep 8, 2026	Upgrade	Equal-Weight → Overweight	$15.00 → $17.00	59%
Raymond James	Sep 2, 2026	Initiates	Market Perform	—	39%
DA Davidson	Jul 27, 2026	Maintains	Buy	$17.00	61%

The case for and against

Updated Oct 14, 2026

Bull case

Flagstar Bank is supported by a clear “bad to better” turnaround as criticized and classified loans fell for a fifth consecutive quarter to about $11.7 billion, nonperforming loans declined to $2.68 billion, and the allowance ratio improved to 1.67% from 1.79%. Its earnings power is also strengthening, with core net interest margin rising to 2.15%, core deposits increasing by over $1 billion, and C&I loan production accelerating alongside a strong $2.1 billion pipeline. The investment case is further reinforced by investment-grade deposit ratings from Fitch and Moody’s, a 13.24% CET1 ratio, and excess capital that supports buybacks and long-term growth as the bank shifts toward a more durable lending mix.

Bear case

Flagstar Bank is viewed negatively because management has already lowered 2026 and 2027 earnings and margin guidance, yet the analyst still expects results to fall short, with 2026 EPS cut to $0.42 and net interest income projected at $1.940B versus guided $1.950B-$2.050B. The outlook reflects weaker loan growth, a lower 2026 NIM estimate of 2.27%, and softer fee income, while 1Q26 showed pressure from a $24M drop in net interest income, a $19M decline in PPNR, and only modestly improved core EPS of $0.04. Credit and execution risks remain elevated as CRE and multifamily exposures continue to run off, deposits fell $1.84B in 1Q, and integration risk from prior acquisitions could keep profitability and tangible book value under pressure.

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