Flushing Financial (FFIC) to Release Earnings on Thursday

Flushing Financial (NASDAQ:FFICGet Rating) is set to post its quarterly earnings results after the market closes on Thursday, January 26th. Analysts expect Flushing Financial to post earnings of $0.52 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Flushing Financial (NASDAQ:FFICGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $70.20 million during the quarter, compared to analysts’ expectations of $63.00 million. Flushing Financial had a return on equity of 11.93% and a net margin of 26.79%. On average, analysts expect Flushing Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Flushing Financial Stock Down 0.4 %

Shares of FFIC traded down $0.08 during midday trading on Tuesday, hitting $20.21. The company had a trading volume of 126,158 shares, compared to its average volume of 168,691. The company’s 50-day simple moving average is $19.99 and its 200-day simple moving average is $20.59. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $602.76 million, a P/E ratio of 7.40 and a beta of 0.70. Flushing Financial has a 1 year low of $19.24 and a 1 year high of $25.67.

Flushing Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Friday, December 9th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend was Thursday, December 8th. Flushing Financial’s payout ratio is 32.23%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FFIC. Piper Sandler decreased their target price on Flushing Financial to $24.00 in a research note on Wednesday, October 5th. StockNews.com lowered Flushing Financial from a “buy” rating to a “hold” rating in a research report on Saturday, November 19th.

Insider Activity

In other news, EVP Theresa Kelly sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $20.82, for a total value of $41,640.00. Following the transaction, the executive vice president now owns 37,997 shares of the company’s stock, valued at $791,097.54. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 6.60% of the company’s stock.

Institutional Trading of Flushing Financial

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ensign Peak Advisors Inc acquired a new position in Flushing Financial in the third quarter valued at $38,000. Great West Life Assurance Co. Can increased its stake in Flushing Financial by 29.7% in the first quarter. Great West Life Assurance Co. Can now owns 2,740 shares of the bank’s stock valued at $64,000 after purchasing an additional 628 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in 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 last quarter. Commonwealth Equity Services LLC acquired a new position in Flushing Financial in the third quarter valued at $199,000. Finally, Royal Bank of Canada increased its stake in Flushing Financial by 11.7% in the third quarter. Royal Bank of Canada now owns 11,615 shares of the bank’s stock valued at $226,000 after purchasing an additional 1,212 shares during the last quarter. 65.76% of the stock is currently owned by hedge funds and other institutional investors.

About Flushing Financial

(Get Rating)

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, demand accounts, NOW accounts, and certificates of deposit.

See Also

Earnings History for Flushing Financial (NASDAQ:FFIC)

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