Flagstar Financial, Inc. (NYSE:FLG – Get Free Report) was the recipient of unusually large options trading on Friday. Stock investors bought 18,544 call options on the stock. This is an increase of approximately 74% compared to the typical volume of 10,638 call options.
Analysts Set New Price Targets
A number of research firms have recently weighed in on FLG. Compass Point raised their price target on shares of Flagstar Financial from $11.50 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. cut their target price on shares of Flagstar Financial from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, UBS Group assumed coverage on shares of Flagstar Financial in a report on Tuesday, December 17th. They set a “neutral” rating and a $11.50 price target for the company.
Read Our Latest Research Report on FLG
Flagstar Financial Trading Up 2.3 %
Flagstar Financial Dividend Announcement
The firm also recently announced a dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th were issued a dividend of $0.01 per share. This represents a yield of 0.33%. The ex-dividend date was Friday, December 6th. Flagstar Financial’s payout ratio is -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.
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