UBS Group Initiates Coverage on Flagstar Financial (NYSE:FLG)

Equities researchers at UBS Group assumed coverage on shares of Flagstar Financial (NYSE:FLG - Get Free Report) in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage set a "neutral" rating and a $11.50 price target on the stock. UBS Group's price objective suggests a potential upside of 15.00% from the stock's current price.

Separately, Compass Point increased their price target on shares of Flagstar Financial from $11.50 to $12.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th.

Flagstar Financial Price Performance

Shares of NYSE FLG traded down $0.60 during mid-day trading on Tuesday, hitting $10.00. 9,438,065 shares of the company were exchanged, compared to its average volume of 7,988,820. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.14 and a quick ratio of 1.12. The company has a market cap of $4.15 billion, a PE ratio of -2.35 and a beta of 1.05. Flagstar Financial has a 1-year low of $5.10 and a 1-year high of $32.55.

About Flagstar Financial

Flagstar Financial, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.