Flagstar Financial (NYSE:FLG) Shares Down 2.6% – What’s Next?

Flagstar Financial, Inc. (NYSE:FLG) traded down 2.6% during trading on Thursday . The company traded as low as $8.89 and last traded at $8.89. 654,250 shares changed hands during 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 brokerages recently weighed in on FLG. Compass Point increased their target price on 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 price objective on the stock.

Flagstar Financial Price Performance

The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 2.52. The company has a market capitalization of $3.74 billion, a P/E ratio of -2.06 and a beta of 1.05.

Flagstar Financial Announces Dividend

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