Flagstar Financial (NYSE:FLG) Shares Down 2.6% - Should You Sell?

Flagstar Financial, Inc. (NYSE:FLG - Get Free Report)'s stock price fell 2.6% on Thursday . The stock traded as low as $8.89 and last traded at $8.89. 654,250 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 7,996,325 shares. The stock had previously closed at $9.13.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Compass Point lifted their price objective on shares of Flagstar Financial from $11.50 to $12.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. UBS Group began coverage on Flagstar Financial in a research note on Tuesday, December 17th. They set a "neutral" rating and a $11.50 target price for the company.

Flagstar Financial Stock Performance

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 stock has a market capitalization of $3.74 billion, a P/E ratio of -2.07 and a beta of 1.05.

Flagstar Financial Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 9th were paid a dividend of $0.01 per share. This represents a yield of 0.33%. The ex-dividend date of this dividend was Friday, December 6th. Flagstar Financial's dividend payout ratio is currently -0.92%.

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.