Flagstar Financial (NYSE:FLG) Trading Down 5.2% – Here’s Why

Flagstar Financial, Inc. (NYSE:FLG) shares were down 5.2% during mid-day trading on Monday . The company traded as low as $10.19 and last traded at $10.36. Approximately 1,654,978 shares traded hands during trading, a decline of 79% from the average daily volume of 7,942,010 shares. The stock had previously closed at $10.93.

Wall Street Analysts Forecast Growth

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

Flagstar Financial Price Performance

The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of -2.51 and a beta of 1.05. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 2.52.

Flagstar Financial Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.01 per share. This represents a dividend yield of 0.33%. The ex-dividend date is Friday, December 6th. Flagstar Financial’s dividend payout ratio (DPR) 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.