Flagstar Financial (NYSE:FLG) Earns Neutral Rating from Analysts at UBS Group

UBS Group assumed coverage on shares of Flagstar Financial (NYSE:FLG) in a report published on Tuesday morning, Marketbeat.com reports. The firm issued a neutral rating and a $11.50 target price on the stock.

Separately, Compass Point raised their price objective on shares of Flagstar Financial from $11.50 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th.

Flagstar Financial Stock Down 4.9 %

Shares of FLG opened at $8.97 on Tuesday. Flagstar Financial has a 1-year low of $5.10 and a 1-year high of $31.95. The company has a market capitalization of $3.72 billion, a P/E ratio of -2.06 and a beta of 1.05. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 2.52.

Flagstar Financial Dividend Announcement

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