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

Flagstar Bank, National Association (NYSE:FLG) declared a quarterly dividend on Wednesday, July 22nd. Investors 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 dividend yield of 0.3%. The ex-dividend date is Friday, September 4th.

Flagstar Bank, National Association has decreased its dividend by an average of 0.5%per year over the last three years. Flagstar Bank, National Association has a dividend payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Flagstar Bank, National Association to earn $1.30 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 3.1%.

Flagstar Bank, National Association Stock Performance

NYSE:FLG opened at $13.04 on Wednesday. The company has a market capitalization of $5.41 billion, a PE ratio of 434.67 and a beta of 0.99. The company has a 50 day simple moving average of $14.32 and a two-hundred day simple moving average of $13.93. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.90 and a current ratio of 0.90. 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:FLG) last released its quarterly earnings results on Friday, July 24th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Flagstar Bank, National Association had a return on equity of 0.98% and a net margin of 1.08%.The firm had revenue of $512.00 million for the quarter, compared to the consensus estimate of $539.34 million. During the same quarter in the previous year, the business posted ($0.14) EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts anticipate that Flagstar Bank, National Association will post 0.33 earnings per share for the current year.

Institutional Investors Weigh In On Flagstar Bank, National Association

A number of hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in shares of Flagstar Bank, National Association during the first quarter valued at approximately $2,039,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Flagstar Bank, National Association in the 1st quarter worth $1,754,000. Goldman Sachs Group Inc. bought a new position in shares of Flagstar Bank, National Association in the 1st quarter worth $21,022,000. United Services Automobile Association acquired a new stake in Flagstar Bank, National Association in the 1st quarter valued at $219,000. Finally, Empowered Funds LLC acquired a new stake in Flagstar Bank, National Association in the 1st quarter valued at $516,000. Institutional investors and hedge funds own 67.88% of the company’s stock.

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.