Flagstar Financial (NYSE:FLG) Trading Down 2.6% – Here’s What Happened

Flagstar Financial, Inc. (NYSE:FLG) shares were down 2.6% during trading on Thursday . The stock traded as low as $8.89 and last traded at $8.89. Approximately 654,250 shares were traded during trading, a decline of 92% from the average daily volume of 7,996,325 shares. The stock had previously closed at $9.13.

Analyst Ratings Changes

Several equities research analysts have weighed in on FLG shares. Compass Point upped their target price 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 assumed coverage on Flagstar Financial in a report on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 price objective for the company.

Flagstar Financial Trading Up 0.2 %

The stock has a market cap of $3.75 billion, a PE ratio of -2.07 and a beta of 1.05. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 2.52.

Flagstar Financial Dividend Announcement

The business 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 (DPR) 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.