Mamdani Faces Setback in Initial Rent-Control Fight; Flagstar Bank Shares Surge.
Written by Emily J. Thompson, Senior Investment Analyst
Source: Barron's
- Stock Movement: Flagstar Bank's stock experienced a significant increase on Thursday.
- Court Decision: A U.S. Bankruptcy Court rejected New York City Mayor Zohran Mamdani's request to delay the auction of approximately 5,500 rent-regulated apartments owned by the bankrupt Pinnacle Group.
Analyst Views on FLG
Wall Street analysts forecast FLG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FLG is 14.30 USD with a low forecast of 13.00 USD and a high forecast of 16.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
4 Buy
7 Hold
0 Sell
Moderate Buy
Current: 13.250
Low
13.00
Averages
14.30
High
16.00
Current: 13.250
Low
13.00
Averages
14.30
High
16.00
About FLG
Flagstar Bank, National Association (the Bank) is a regional bank. The Bank operates over 360 locations across nine states, in the greater New York/New Jersey metropolitan region and in the upper Midwest, along with a significant presence in Florida and the West Coast markets. Its private banking includes personal private banking, residential lending, financial planning, investment management, insurance solutions, and business credit and lending. Its services also include personal banking, small business, and corporate and commercial banking. Its treasury management services include cash flow optimization, payables and fraud, and receivables management. Its banking services include working capital solutions, asset-based lending, expansion, merger and acquisition, syndications, capital markets, interest rate risk management, foreign exchange, and global trade services. Its Flagstar Corporate Connect provides small business and commercial banking online treasury management services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
