Flagstar Bancorp, Inc. Plans Quarterly Dividend of $0.06 (NYSE:FBC)

Flagstar Bancorp, Inc. (NYSE:FBCGet Rating) declared a quarterly dividend on Wednesday, April 20th, Zacks reports. Shareholders of record on Monday, May 9th will be given a dividend of 0.06 per share by the savings and loans company on Thursday, May 19th. This represents a $0.24 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Friday, May 6th.

Flagstar Bancorp has a payout ratio of 4.0% meaning its dividend is sufficiently covered by earnings.

NYSE FBC opened at $41.64 on Thursday. The stock’s fifty day moving average is $43.23 and its two-hundred day moving average is $46.86. The firm has a market capitalization of $2.20 billion, a P/E ratio of 4.18 and a beta of 1.49. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.79 and a current ratio of 1.17. Flagstar Bancorp has a fifty-two week low of $38.65 and a fifty-two week high of $56.77.

Flagstar Bancorp (NYSE:FBCGet Rating) last released its quarterly earnings data on Wednesday, January 26th. The savings and loans company reported $1.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.79 by ($0.10). Flagstar Bancorp had a return on equity of 22.27% and a net margin of 28.73%. The company had revenue of $383.00 million for the quarter, compared to analyst estimates of $186.33 million. During the same period last year, the firm posted $2.83 EPS. As a group, sell-side analysts forecast that Flagstar Bancorp will post 5.55 EPS for the current year.

FBC has been the topic of a number of research analyst reports. StockNews.com initiated coverage on Flagstar Bancorp in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research upgraded Flagstar Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, March 7th. Finally, B. Riley reduced their target price on Flagstar Bancorp from $76.00 to $64.00 in a research report on Tuesday, April 12th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $55.00.

In other news, EVP James Ciroli acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, January 27th. The shares were purchased at an average price of $45.80 per share, for a total transaction of $91,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its holdings in Flagstar Bancorp by 1.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 24,290 shares of the savings and loans company’s stock worth $1,164,000 after purchasing an additional 256 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Flagstar Bancorp by 12.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,300 shares of the savings and loans company’s stock worth $110,000 after purchasing an additional 262 shares during the period. Thrivent Financial for Lutherans increased its holdings in Flagstar Bancorp by 0.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 43,021 shares of the savings and loans company’s stock worth $2,062,000 after purchasing an additional 292 shares during the period. Marshall Wace LLP purchased a new stake in Flagstar Bancorp during the 4th quarter worth about $50,000. Finally, California State Teachers Retirement System boosted its position in shares of Flagstar Bancorp by 2.2% during the 4th quarter. California State Teachers Retirement System now owns 73,002 shares of the savings and loans company’s stock worth $3,500,000 after acquiring an additional 1,540 shares in the last quarter. Institutional investors own 93.35% of the company’s stock.

Flagstar Bancorp Company Profile (Get Rating)

Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial and consumer banking services to consumer, commercial, and government customers in the United States. It operates in three segments: Community Banking, Mortgage Originations, and Mortgage Servicing.

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Dividend History for Flagstar Bancorp (NYSE:FBC)

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