Flushing Financial Corporation (FFIC) Scheduled to Post Quarterly Earnings on Tuesday
Flushing Financial Corporation (NASDAQ:FFIC) will be announcing its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.44 per share for the quarter.
Flushing Financial Corporation (NASDAQ:FFIC) last posted its earnings results on Tuesday, July 25th. The bank reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.05. The company had revenue of $45.57 million during the quarter, compared to analyst estimates of $46.79 million. Flushing Financial Corporation had a return on equity of 9.23% and a net margin of 19.96%. During the same period in the prior year, the company earned $0.39 earnings per share. On average, analysts expect Flushing Financial Corporation to post $1.74 EPS for the current fiscal year and $1.82 EPS for the next fiscal year.
Flushing Financial Corporation (NASDAQ:FFIC) traded down 0.145% during trading on Tuesday, hitting $30.965. The stock had a trading volume of 9,142 shares. Flushing Financial Corporation has a 52 week low of $20.95 and a 52 week high of $31.96. The company has a market cap of $902.17 million, a PE ratio of 18.024 and a beta of 1.11. The stock has a 50-day moving average price of $29.19 and a 200-day moving average price of $28.37.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Thursday, September 7th. Flushing Financial Corporation’s dividend payout ratio (DPR) is presently 41.62%.
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In other news, Director Donna M. Obrien sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $27.33, for a total transaction of $81,990.00. Following the completion of the sale, the director now owns 50,925 shares of the company’s stock, valued at $1,391,780.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.86% of the company’s stock.
FFIC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $30.00 price objective on shares of Flushing Financial Corporation in a report on Sunday, October 8th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $30.00 price objective on shares of Flushing Financial Corporation in a report on Thursday, August 3rd. BidaskClub raised shares of Flushing Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, August 4th. Finally, Zacks Investment Research lowered shares of Flushing Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.33.
About Flushing Financial Corporation
Flushing Financial Corporation is the bank holding company for Flushing Bank (the Bank). The Company is a community-oriented financial institution offering a range of financial services. The Bank’s subsidiaries include Flushing Preferred Funding Corporation, Flushing Service Corporation and FSB Properties Inc The Company also owns Flushing Financial Capital Trust II, Flushing Financial Capital Trust III and Flushing Financial Capital Trust IV (the Trusts).
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