Flagstar Financial (NYSE:FLG - Free Report) had its target price reduced by JPMorgan Chase & Co. from $12.00 to $11.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.
Other research analysts also recently issued reports about the company. Compass Point raised their price target on Flagstar Financial from $11.50 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. UBS Group assumed coverage on shares of Flagstar Financial in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $11.50 target price for the company.
Check Out Our Latest Stock Report on Flagstar Financial
Flagstar Financial Price Performance
Shares of NYSE FLG traded down $0.24 during midday trading on Tuesday, reaching $9.26. The company's stock had a trading volume of 4,895,515 shares, compared to its average volume of 4,190,695. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 2.52. Flagstar Financial has a fifty-two week low of $5.10 and a fifty-two week high of $31.86. The company has a market capitalization of $3.84 billion, a PE ratio of -2.12 and a beta of 1.09.
Flagstar Financial Announces Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th were given a $0.01 dividend. The ex-dividend date was Friday, December 6th. This represents a dividend yield of 0.33%. Flagstar Financial's payout ratio is -0.92%.
Flagstar Financial Company Profile
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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.
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