Flagstar Financial (NYSE:FLG) Price Target Cut to $11.00 by Analysts at JPMorgan Chase & Co.

Flagstar Financial (NYSE:FLG) had its price target lowered by investment analysts at JPMorgan Chase & Co. from $12.00 to $11.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 19.18% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Compass Point boosted their price target on Flagstar Financial from $11.50 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. UBS Group began coverage on Flagstar Financial in a report on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 price objective on the stock.

Flagstar Financial Price Performance

NYSE:FLG traded down $0.27 on Tuesday, reaching $9.23. The stock had a trading volume of 2,227,102 shares, compared to its average volume of 3,500,452. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of -2.12 and a beta of 1.09. Flagstar Financial has a 12-month low of $5.10 and a 12-month high of $31.86. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 2.52.

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.