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

Flagstar Financial, Inc. (NYSE:FLG - Get Free Report) 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 0.31%. The ex-dividend date is Friday, March 7th.

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

Shares of FLG stock traded up $0.46 on Thursday, hitting $12.75. The company had a trading volume of 10,621,679 shares, compared to its average volume of 6,266,051. Flagstar Financial has a twelve month low of $5.10 and a twelve month high of $16.59. 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 stock has a market cap of $5.29 billion, a price-to-earnings ratio of -3.46 and a beta of 1.11. The company's 50-day moving average price is $10.11.

Flagstar Financial (NYSE:FLG - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported ($0.34) earnings per share for the quarter, beating 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%. Equities research analysts predict that Flagstar Financial will post -0.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FLG. Barclays boosted their price objective on Flagstar Financial from $13.00 to $14.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on shares of Flagstar Financial from $11.00 to $12.50 and gave the company a "neutral" rating in a research note on Friday, January 31st. Compass Point lifted their price target on shares of Flagstar Financial from $11.50 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. DA Davidson upgraded 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, January 31st. Finally, UBS Group initiated coverage on Flagstar Financial in a research note on Tuesday, December 17th. They set a "neutral" rating and a $11.50 price target on the stock. Three research analysts have rated the stock with a hold rating and two have assigned 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.

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.