Flushing Financial (FFIC) Scheduled to Post Quarterly Earnings on Tuesday

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

Flushing Financial (NASDAQ:FFIC) last posted its earnings results on Thursday, January 25th. The bank reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Flushing Financial had a net margin of 7.37% and a return on equity of 4.11%. The company had revenue of $53.49 million during the quarter, compared to analysts’ expectations of $48.84 million. 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 Trading Up 3.8 %

NASDAQ:FFIC opened at $11.76 on Friday. Flushing Financial has a 52 week low of $9.28 and a 52 week high of $18.00. The firm has a 50 day moving average of $12.36 and a 200 day moving average of $13.83. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $341.86 million, a price-to-earnings ratio of 11.20 and a beta of 0.73.

Flushing Financial Dividend Announcement

The company also recently announced 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 was Friday, March 8th. This represents a $0.88 dividend on an annualized basis and a yield of 7.48%. Flushing Financial’s payout ratio is 83.81%.

Insiders Place Their Bets

In other news, EVP Francis W. Korzekwinski sold 7,649 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $12.61, for a total value 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Thomas Buonaiuto sold 19,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $13.21, for a total value of $250,990.00. Following the sale, the executive vice president now owns 32,391 shares in the company, valued at $427,885.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Francis W. Korzekwinski sold 7,649 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $12.61, for a total transaction of $96,453.89. Following the completion of the sale, the executive vice president now owns 73,493 shares in the company, valued at approximately $926,746.73. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc purchased a new position in shares of Flushing Financial in the 3rd quarter valued at about $38,000. Great West Life Assurance Co. Can increased its position in shares of 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 buying an additional 628 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Flushing Financial by 129.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,178 shares of the bank’s stock worth $42,000 after buying an additional 1,790 shares during the period. First Manhattan CO. LLC. purchased a new position in shares of Flushing Financial during the 1st quarter valued at approximately $149,000. Finally, Stifel Financial Corp acquired a new stake in Flushing Financial in the 1st quarter valued at $153,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports 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 report on Tuesday, March 5th. Raymond James raised their price target on shares of Flushing Financial from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Flushing Financial from $15.50 to $14.00 and set a “market perform” rating for the company in a report on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.50.

About Flushing Financial

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.