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

Flagstar Financial, Inc. (NYSE:FLG) declared 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 is Friday, March 7th.

Flagstar Financial has a payout ratio of 5.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Flagstar Financial to earn $0.76 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 5.3%.

Flagstar Financial Trading Down 1.2 %

Shares of FLG traded down $0.14 during mid-day trading on Monday, reaching $11.69. The company had a trading volume of 6,491,667 shares, compared to its average volume of 5,877,869. The firm has a market capitalization of $4.85 billion, a PE ratio of -3.17 and a beta of 1.11. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.09 and a current ratio of 1.10. The company’s fifty day simple moving average is $10.11. Flagstar Financial has a fifty-two week low of $5.10 and a fifty-two week high of $17.94.

Flagstar Financial (NYSE:FLG) last posted its quarterly earnings results on Thursday, January 30th. The company reported ($0.34) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.17. Flagstar Financial had a negative return on equity of 10.72% and a negative net margin of 17.16%. As a group, equities analysts predict that Flagstar Financial will post -0.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FLG has been the topic of several research reports. UBS Group started coverage on shares of Flagstar Financial in a report on Tuesday, December 17th. They issued a “neutral” rating and a $11.50 price target on the stock. DA Davidson raised shares of Flagstar Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $12.00 to $14.50 in a research note on Friday. Barclays upped their price target on shares of Flagstar Financial from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. raised their price objective on Flagstar Financial from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Friday. Finally, Compass Point boosted their price target on Flagstar Financial from $11.50 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.90.

About Flagstar Financial

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.