Flagstar Bank, National Association (FLG) To Go Ex-Dividend on March 6th

Flagstar Bank, National Association (NYSE:FLG) announced a quarterly dividend on Thursday, February 12th. Shareholders of record on Saturday, March 7th will be paid a dividend of 0.01 per share on Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, March 6th.

Flagstar Bank, National Association has decreased its dividend payment 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Flagstar Bank, National Association 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 Bank, National Association Trading Up 0.2%

FLG opened at $12.90 on Wednesday. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.00 and a quick ratio of 0.99. Flagstar Bank, National Association has a fifty-two week low of $9.64 and a fifty-two week high of $14.53. The company’s 50 day moving average price is $13.23 and its two-hundred day moving average price is $12.47. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of -25.29 and a beta of 1.08.

Flagstar Bank, National Association (NYSE:FLG) last issued its quarterly earnings results on Friday, January 30th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $548.00 million for the quarter, compared to analyst estimates of $533.00 million. Flagstar Bank, National Association had a negative net margin of 3.68% and a negative return on equity of 1.60%. Flagstar Bank, National Association’s revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.41) earnings per share. As a group, research analysts predict that Flagstar Bank, National Association will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On Flagstar Bank, National Association

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in Flagstar Bank, National Association by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 7,487,034 shares of the company’s stock worth $94,277,000 after buying an additional 467,053 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Flagstar Bank, National Association by 1,130.1% during the 2nd quarter. Alliancebernstein L.P. now owns 6,635,962 shares of the company’s stock worth $70,341,000 after acquiring an additional 6,096,512 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Flagstar Bank, National Association by 4.0% in the 3rd quarter. Victory Capital Management Inc. now owns 6,291,647 shares of the company’s stock worth $72,669,000 after acquiring an additional 240,119 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Flagstar Bank, National Association by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,162,628 shares of the company’s stock valued at $77,589,000 after purchasing an additional 316,612 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Flagstar Bank, National Association by 60.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,626,146 shares of the company’s stock valued at $58,243,000 after purchasing an additional 1,750,889 shares during the last quarter. 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.