Flagstar Financial, Inc. Declares Quarterly Dividend of $0.01 (NYSE:FLG)

Flagstar Financial, Inc. (NYSE:FLG) announced a quarterly dividend on Monday, February 3rd, Wall Street Journal reports. Investors of record on Friday, March 7th will be paid a dividend of 0.01 per share on Monday, March 17th. This represents a $0.04 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Friday, March 7th.

Flagstar Financial has a payout ratio of 5.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Flagstar Financial 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 Financial Stock Performance

Shares of Flagstar Financial stock opened at $11.83 on Wednesday. The company has a market cap of $4.91 billion, a PE ratio of -3.21 and a beta of 1.11. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.88. The business has a fifty day moving average of $10.75. Flagstar Financial has a one year low of $5.10 and a one year high of $13.35.

Flagstar Financial (NYSE:FLG) last issued its earnings results on Thursday, January 30th. The company reported ($0.34) EPS for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.17. Flagstar Financial had a negative net margin of 17.16% and a negative return on equity of 10.72%. Analysts predict that Flagstar Financial will post -0.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on FLG. UBS Group initiated coverage on Flagstar Financial in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of Flagstar Financial from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. DA Davidson raised shares of Flagstar Financial from a “neutral” rating to a “buy” rating and increased their price target for the company from $12.00 to $14.50 in a research note on Friday, January 31st. Barclays upped their price target on Flagstar Financial from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Compass Point upped their price target on Flagstar Financial from $11.50 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.90.

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.