Flushing Financial (NASDAQ:FFIC) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, January 30th. Analysts expect the company to announce earnings of $0.42 per share for the quarter.
Flushing Financial (NASDAQ:FFIC) last issued its earnings results on Tuesday, October 31st. The bank reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.07). The firm had revenue of $44.70 million during the quarter. Flushing Financial had a net margin of 19.50% and a return on equity of 9.04%. On average, analysts expect Flushing Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Flushing Financial (NASDAQ:FFIC) opened at $28.93 on Tuesday. The firm has a market cap of $836.64, a P/E ratio of 17.81, a P/E/G ratio of 1.60 and a beta of 1.07. Flushing Financial has a 1-year low of $24.27 and a 1-year high of $31.69. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.23.
FFIC has been the topic of several analyst reports. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $28.00 target price on shares of Flushing Financial in a report on Friday, November 10th. Zacks Investment Research cut shares of Flushing Financial from a “buy” rating to a “hold” rating in a report on Monday, November 6th. ValuEngine raised shares of Flushing Financial from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $30.00 price objective on shares of Flushing Financial in a report on Sunday, October 8th. Finally, Sandler O’Neill cut shares of Flushing Financial from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a report on Thursday, November 30th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Flushing Financial presently has an average rating of “Hold” and a consensus price target of $30.25.
In other news, Director John E. Sr Roe, Sr. sold 7,429 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $27.06, for a total transaction of $201,028.74. Following the transaction, the director now directly owns 66,434 shares in the company, valued at $1,797,704.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sam Sang Ki Han sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $28.93, for a total transaction of $144,650.00. Following the transaction, the director now owns 41,066 shares in the company, valued at $1,188,039.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,058 shares of company stock worth $443,589. 4.86% of the stock is owned by corporate insiders.
About Flushing Financial
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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