Flagstar Bank, National Association (FLG) to Issue Quarterly Dividend of $0.01 on March 17th

Flagstar Bank, National Association (NYSE:FLG) announced a quarterly dividend on Thursday, February 12th. Investors of record on Saturday, March 7th will be paid a dividend of 0.01 per share on Tuesday, March 17th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, March 6th.

Flagstar Bank, National Association has decreased its dividend by an average of 0.5%annually over the last three years. Flagstar Bank, National Association has a payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Flagstar Bank, National Association to earn $0.64 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 6.3%.

Flagstar Bank, National Association Stock Performance

NYSE:FLG opened at $14.16 on Friday. Flagstar Bank, National Association has a fifty-two week low of $9.64 and a fifty-two week high of $14.53. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 1.00. The company has a 50 day moving average price of $13.13 and a 200 day moving average price of $12.29. The stock has a market capitalization of $5.89 billion, a P/E ratio of -27.77 and a beta of 1.10.

Flagstar Bank, National Association (NYSE:FLG) last issued its quarterly earnings results on Friday, January 30th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. Flagstar Bank, National Association had a negative net margin of 3.68% and a negative return on equity of 1.60%. The business had revenue of $548.00 million for the quarter, compared to analysts’ expectations of $533.00 million. During the same quarter in the prior year, the company earned ($0.41) earnings per share. The business’s quarterly revenue was down 10.9% on a year-over-year basis. Equities research analysts forecast that Flagstar Bank, National Association will post -0.31 EPS for the current year.

Hedge Funds Weigh In On Flagstar Bank, National Association

Several institutional investors have recently bought and sold shares of FLG. CWM LLC acquired a new stake in shares of Flagstar Bank, National Association in the 2nd quarter worth $28,000. Litman Gregory Wealth Management LLC acquired a new position in shares of Flagstar Bank, National Association during the fourth quarter worth about $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Flagstar Bank, National Association during the fourth quarter worth about $34,000. Ameritas Advisory Services LLC acquired a new stake in Flagstar Bank, National Association in the third quarter valued at about $33,000. Finally, Financial Freedom LLC purchased a new stake in Flagstar Bank, National Association in the 2nd quarter valued at approximately $31,000. 67.88% of the stock is owned by institutional investors and hedge funds.

About Flagstar Bank, National Association

Flagstar Financial Corporation (NYSE: FLG) is a bank holding company whose principal subsidiary, Flagstar Bank, provides a range of financial services across the United States. Headquartered in Troy, Michigan, Flagstar combines commercial banking, mortgage lending and servicing, and deposit products to serve individuals, businesses and public entities. As a publicly traded company, Flagstar leverages its banking charter and national mortgage platform to deliver tailored financial solutions through both digital and branch channels.

The company’s mortgage business is one of the largest residential originators and servicers in the nation, offering retail, wholesale and correspondent lending channels.