Flagstar Bank, National Association to Issue Quarterly Dividend of $0.01 (NYSE:FLG)

Flagstar Bank, National Association (NYSE:FLGGet Free Report) announced a quarterly dividend on Monday, July 27th. Shareholders of record on Monday, September 7th will be given a dividend of 0.01 per share on Thursday, September 17th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, September 4th.

Flagstar Bank, National Association has decreased its dividend payment 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. Equities analysts expect Flagstar Bank, National Association to earn $1.46 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 2.7%.

Flagstar Bank, National Association Stock Down 0.7%

FLG opened at $13.75 on Tuesday. The company has a market capitalization of $5.73 billion, a P/E ratio of 458.33 and a beta of 1.01. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.97 and a quick ratio of 0.97. The firm’s fifty day moving average price is $14.52 and its two-hundred day moving average price is $13.82. Flagstar Bank, National Association has a fifty-two week low of $10.57 and a fifty-two week high of $15.44.

Flagstar Bank, National Association (NYSE:FLGGet Free Report) last announced its quarterly earnings data on Friday, July 24th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $512.00 million during the quarter, compared to analyst estimates of $539.34 million. Flagstar Bank, National Association had a net margin of 1.08% and a return on equity of 0.98%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.14) EPS. On average, analysts anticipate that Flagstar Bank, National Association will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FLG. DV Equities LLC acquired a new stake in Flagstar Bank, National Association during the 4th quarter valued at $25,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Flagstar Bank, National Association in the fourth quarter worth $34,000. Litman Gregory Wealth Management LLC acquired a new position in Flagstar Bank, National Association in the fourth quarter worth $34,000. Advisory Services Network LLC bought a new stake in shares of Flagstar Bank, National Association during the third quarter worth $35,000. Finally, Clayton Financial Group LLC acquired a new stake in shares of Flagstar Bank, National Association in the fourth quarter valued at $42,000. 67.88% of the stock is owned by institutional investors and hedge funds.

Flagstar Bank, National Association Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Flagstar Bank, National Association (NYSE:FLG)

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