Flushing Financial (FFIC) to Release Earnings on Tuesday

Flushing Financial (NASDAQ:FFIC) will post its quarterly earnings results after the market closes on Tuesday, April 23rd. Analysts expect Flushing Financial to post earnings of $0.15 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Flushing Financial (NASDAQ:FFIC) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $53.49 million during the quarter, compared to the consensus estimate of $48.84 million. Flushing Financial had a return on equity of 4.11% and a net margin of 7.37%. On average, analysts expect Flushing Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Flushing Financial Stock Performance

FFIC stock opened at $11.09 on Tuesday. The business has a fifty day simple moving average of $12.52 and a 200-day simple moving average of $13.88. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. Flushing Financial has a 52 week low of $9.28 and a 52 week high of $18.00. The company has a market cap of $322.39 million, a price-to-earnings ratio of 10.56 and a beta of 0.73.

Flushing Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.88 dividend on an annualized basis and a yield of 7.94%. Flushing Financial’s dividend payout ratio (DPR) is 83.81%.

Insider Transactions at Flushing Financial

In other news, EVP Thomas Buonaiuto sold 19,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $13.21, for a total transaction of $250,990.00. Following the transaction, the executive vice president now owns 32,391 shares of the company’s stock, valued at $427,885.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Francis W. Korzekwinski sold 7,649 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $12.61, for a total transaction of $96,453.89. Following the sale, the executive vice president now owns 73,493 shares in the company, valued at $926,746.73. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Thomas Buonaiuto sold 19,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $13.21, for a total transaction of $250,990.00. Following the sale, the executive vice president now owns 32,391 shares in the company, valued at approximately $427,885.11. The disclosure for this sale can be found here. Corporate insiders own 5.54% of the company’s stock.

Institutional Investors Weigh In On Flushing Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC acquired a new stake in shares of Flushing Financial in the third quarter valued at approximately $199,000. Deutsche Bank AG increased its stake in shares of Flushing Financial by 39.4% in the third quarter. Deutsche Bank AG now owns 13,711 shares of the bank’s stock valued at $180,000 after purchasing an additional 3,878 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in shares of Flushing Financial in the fourth quarter valued at approximately $169,000. Creative Planning acquired a new stake in shares of Flushing Financial in the third quarter valued at approximately $158,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Flushing Financial by 1,207.7% in the third quarter. Tower Research Capital LLC TRC now owns 8,108 shares of the bank’s stock valued at $157,000 after purchasing an additional 7,488 shares during the period. Institutional investors and hedge funds own 67.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. DA Davidson decreased their price target on shares of Flushing Financial from $17.00 to $13.50 and set a “neutral” rating for the company in a research report on Tuesday, March 5th. Keefe, Bruyette & Woods decreased their price objective on shares of Flushing Financial from $15.50 to $14.00 and set a “market perform” rating for the company in a research report on Friday, April 5th. Finally, Raymond James upped their price objective on shares of Flushing Financial from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Flushing Financial currently has a consensus rating of “Hold” and a consensus target price of $15.50.

Flushing Financial Company Profile

Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. It offers various deposit products, including checking and savings accounts, money market accounts, non-interest bearing demand accounts, NOW accounts, and certificates of deposit.