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

Flagstar Bank, National Association (NYSE:FLG) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Monday, September 7th will be paid 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%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 research 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 Down 2.0%

FLG stock opened at $13.04 on Wednesday. Flagstar Bank, National Association has a twelve month low of $10.57 and a twelve month high of $15.44. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.43. The firm has a market cap of $5.41 billion, a PE ratio of 434.67 and a beta of 0.99. The business has a 50 day moving average of $14.32 and a 200 day moving average of $13.93.

Flagstar Bank, National Association (NYSE:FLG) last released its earnings results on Friday, July 24th. The company reported $0.05 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 company had revenue of $512.00 million during the quarter, compared to the consensus estimate of $539.34 million. During the same period last year, the firm posted ($0.14) earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year. On average, research analysts forecast that Flagstar Bank, National Association will post 0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Flagstar Bank, National Association

A number of institutional investors and hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. increased its position in Flagstar Bank, National Association by 1,130.1% during the second quarter. Alliancebernstein L.P. now owns 6,635,962 shares of the company’s stock valued at $70,341,000 after acquiring an additional 6,096,512 shares during the last quarter. California State Teachers Retirement System boosted its position in Flagstar Bank, National Association by 1,338.7% in the second quarter. California State Teachers Retirement System now owns 5,358,694 shares of the company’s stock worth $80,059,000 after purchasing an additional 4,986,233 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Flagstar Bank, National Association during the 4th quarter valued at about $53,216,000. Norges Bank bought a new stake in shares of Flagstar Bank, National Association during the 4th quarter valued at about $44,046,000. Finally, North Reef Capital Management LP purchased a new stake in shares of Flagstar Bank, National Association during the 1st quarter valued at about $36,744,000. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Flagstar Bank, National Association Company Profile

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.