Flushing Financial (FFIC) to Release Earnings on Thursday

Flushing Financial (NASDAQ:FFICGet Rating) will issue 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 that wish to register for the company’s conference call can do so using this link.

Flushing Financial (NASDAQ:FFICGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $70.20 million for the quarter, compared to the consensus estimate 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 Performance

Shares of NASDAQ FFIC traded down $0.08 during mid-day 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 stock has a market cap of $602.76 million, a price-to-earnings ratio of 7.40 and a beta of 0.70. Flushing Financial has a 12 month low of $19.24 and a 12 month high of $25.67. 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 firm’s 50 day simple moving average is $19.99 and its two-hundred day simple moving average is $20.59.

Flushing Financial Dividend Announcement

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

Analysts Set New Price Targets

FFIC has been the topic of several analyst reports. Piper Sandler lowered their target price on Flushing Financial to $24.00 in a research report on Wednesday, October 5th. StockNews.com cut 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 Flushing Financial stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $20.82, for a total transaction of $41,640.00. Following the transaction, the executive vice president now directly owns 37,997 shares in the company, valued at approximately $791,097.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Flushing Financial

Several large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Flushing Financial by 3.9% in the first quarter. BlackRock Inc. now owns 2,480,912 shares of the bank’s stock worth $55,449,000 after buying an additional 92,800 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Flushing Financial by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,330,027 shares of the bank’s stock worth $52,077,000 after buying an additional 56,474 shares during the period. Vanguard Group Inc. boosted its position in shares of Flushing Financial by 3.4% in the first quarter. Vanguard Group Inc. now owns 1,568,560 shares of the bank’s stock worth $35,058,000 after buying an additional 51,395 shares during the period. State Street Corp boosted its position in shares of Flushing Financial by 12.2% in the first quarter. State Street Corp now owns 874,032 shares of the bank’s stock worth $19,535,000 after buying an additional 94,912 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Flushing Financial by 4.7% in the second quarter. Renaissance Technologies LLC now owns 382,760 shares of the bank’s stock worth $8,137,000 after buying an additional 17,058 shares during the period. 65.76% of the stock is owned by 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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