Flagstar Financial (NYSE:FLG) Coverage Initiated at UBS Group

Equities researchers at UBS Group initiated coverage on shares of Flagstar Financial (NYSE:FLG) in a research report issued to clients and investors on Tuesday. The brokerage set a “neutral” rating on the stock.

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

Flagstar Financial Price Performance

Shares of NYSE:FLG traded down $0.37 during trading on Tuesday, hitting $10.23. 1,700,787 shares of the stock were exchanged, compared to its average volume of 7,955,961. Flagstar Financial has a 12-month low of $5.10 and a 12-month high of $32.55. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.14 and a quick ratio of 1.12. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of -2.35 and a beta of 1.05.

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.