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

Flagstar Financial (NYSE:FLG) had its price target trimmed by JPMorgan Chase & Co. from $12.00 to $11.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research firms have also commented on FLG. Compass Point increased their price target on Flagstar Financial from $11.50 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. UBS Group initiated coverage on shares of Flagstar Financial in a report on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 target price for the company.

Flagstar Financial Price Performance

Shares of FLG opened at $9.13 on Tuesday. The company has a market cap of $3.79 billion, a price-to-earnings ratio of -2.09 and a beta of 1.09. Flagstar Financial has a 52 week low of $5.10 and a 52 week 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.

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 $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.