Flushing Financial (FFIC) to Release Quarterly Earnings on Thursday

Flushing Financial (NASDAQ:FFICGet Rating) will be issuing its quarterly earnings data after the market closes on Thursday, January 26th. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Parties interested in participating in the company’s 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 for the quarter, beating the consensus estimate of $0.61 by $0.01. The firm 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 Price Performance

Shares of NASDAQ FFIC opened at $20.21 on Wednesday. The stock has a market capitalization of $602.76 million, a PE ratio of 7.40 and a beta of 0.70. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.16 and a quick ratio of 1.16. The business has a fifty day moving average price of $19.99 and a two-hundred day moving average price of $20.59. Flushing Financial has a fifty-two week low of $19.24 and a fifty-two week high of $25.67.

Flushing Financial Dividend Announcement

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

Insider Transactions at Flushing Financial

In other Flushing Financial news, EVP Theresa Kelly sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $20.82, for a total value of $41,640.00. Following the completion of the transaction, the executive vice president now owns 37,997 shares of the company’s stock, valued at approximately $791,097.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Flushing Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Ensign Peak Advisors Inc acquired a new position in Flushing Financial in the 3rd quarter worth about $38,000. Great West Life Assurance Co. Can increased its holdings in Flushing Financial by 29.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,740 shares of the bank’s stock worth $64,000 after purchasing an additional 628 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Flushing Financial by 1,207.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,108 shares of the bank’s stock valued at $157,000 after buying an additional 7,488 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Flushing Financial in the 3rd quarter valued at about $199,000. Finally, Royal Bank of Canada grew its position in shares of Flushing Financial by 11.7% in the 3rd quarter. Royal Bank of Canada now owns 11,615 shares of the bank’s stock valued at $226,000 after buying an additional 1,212 shares during the last quarter. Institutional investors and hedge funds own 65.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FFIC shares. StockNews.com cut Flushing Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 19th. Piper Sandler lowered their price target on Flushing Financial to $24.00 in a report on Wednesday, October 5th.

Flushing Financial Company Profile

(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.

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Earnings History for Flushing Financial (NASDAQ:FFIC)

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