Flagstar Financial (NYSE:FLG) Now Covered by Analysts at UBS Group

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

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

Flagstar Financial Trading Down 5.7 %

Shares of FLG opened at $10.00 on Tuesday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.12 and a current ratio of 1.14. The stock has a market capitalization of $4.15 billion, a PE ratio of -2.29 and a beta of 1.05. Flagstar Financial has a fifty-two week low of $5.10 and a fifty-two week high of $32.55.

Flagstar Financial Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th were given a $0.01 dividend. This represents a dividend yield of 0.33%. The ex-dividend date 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.