JPMorgan Chase & Co. Lowers Flagstar Financial (NYSE:FLG) Price Target to $11.00

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

A number of other equities analysts also recently commented on the company. UBS Group assumed coverage on Flagstar Financial in a research report on Tuesday, December 17th. They set a “neutral” rating and a $11.50 price objective on the stock. Compass Point raised their target price on Flagstar Financial from $11.50 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th.

Flagstar Financial Price Performance

FLG opened at $9.26 on Tuesday. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of -2.12 and a beta of 1.09. Flagstar Financial has a 1-year low of $5.10 and a 1-year high of $31.86. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.12 and a current ratio of 1.14.

Flagstar Financial Dividend Announcement

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