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

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 is Friday, March 7th.

Flagstar Financial has a dividend payout ratio of 5.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NYSE:FLG opened at $11.88 on Wednesday. Flagstar Financial has a 1 year low of $5.10 and a 1 year high of $17.94. The firm has a 50-day simple moving average of $10.10. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.88.

Flagstar Financial (NYSE:FLG) last issued its quarterly earnings data on Thursday, January 30th. The company reported ($0.34) earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Research analysts expect that Flagstar Financial will post -0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FLG shares. Compass Point raised their price objective on shares of Flagstar Financial from $11.50 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. DA Davidson raised shares of Flagstar Financial from a “neutral” rating to a “buy” rating and upped their target price for the company from $12.00 to $14.50 in a report on Friday, January 31st. Barclays raised their price target on Flagstar Financial from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Friday, January 31st. UBS Group started coverage on shares of Flagstar Financial in a research note on Tuesday, December 17th. They set a “neutral” rating and a $11.50 target price for the company. Finally, JPMorgan Chase & Co. boosted their price objective on Flagstar Financial from $11.00 to $12.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. 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 data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.