Flagstar Financial (NYSE:FLG) Given New $11.00 Price Target at JPMorgan Chase & Co.

Flagstar Financial (NYSE:FLG) had its price objective cut by JPMorgan Chase & Co. from $12.00 to $11.00 in a research report released on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

FLG has been the topic of a number of other research reports. Compass Point increased their price objective on Flagstar Financial from $11.50 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. UBS Group started coverage on shares of Flagstar Financial in a report on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 price target on the stock.

Flagstar Financial Trading Down 1.1 %

FLG opened at $9.13 on Tuesday. Flagstar Financial has a twelve month low of $5.10 and a twelve month high of $31.86. 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 $3.79 billion, a PE ratio of -2.09 and a beta of 1.09.

Flagstar Financial Announces Dividend

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

Flagstar Financial Company Profile

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.