$0.38 EPS Expected for Flushing Financial Co. (FFIC) This Quarter

Equities research analysts forecast that Flushing Financial Co. (NASDAQ:FFIC) will report earnings per share (EPS) of $0.38 for the current quarter, according to Zacks. Zero analysts have provided estimates for Flushing Financial’s earnings. Flushing Financial posted earnings of $0.40 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 5%. The business is scheduled to announce its next quarterly earnings results on Tuesday, April 24th.

On average, analysts expect that Flushing Financial will report full year earnings of $1.84 per share for the current year, with EPS estimates ranging from $1.72 to $1.95. For the next year, analysts expect that the business will report earnings of $2.02 per share, with EPS estimates ranging from $1.88 to $2.15. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Flushing Financial.

Flushing Financial (NASDAQ:FFIC) last released its quarterly earnings data on Tuesday, January 30th. The bank reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.09). The business had revenue of $46.12 million for the quarter. Flushing Financial had a net margin of 16.79% and a return on equity of 8.59%.

Several equities research analysts have commented on the stock. BidaskClub raised shares of Flushing Financial from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research downgraded shares of Flushing Financial from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. ValuEngine raised shares of Flushing Financial from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Sandler O’Neill downgraded 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. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $28.00 price objective on shares of Flushing Financial in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Flushing Financial presently has an average rating of “Hold” and a consensus target price of $30.25.

Flushing Financial (FFIC) traded up $0.13 during midday trading on Monday, reaching $26.88. 64,043 shares of the company’s stock traded hands, compared to its average volume of 68,226. The stock has a market capitalization of $764.74, a P/E ratio of 18.93, a PEG ratio of 1.47 and a beta of 1.05. Flushing Financial has a 1-year low of $24.27 and a 1-year high of $31.69. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.15 and a current ratio of 1.15.

In other news, Director Sam Sang Ki Han sold 5,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $28.93, for a total value of $144,650.00. Following the sale, the director now directly owns 41,066 shares of the company’s stock, valued at $1,188,039.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Donna M. Obrien sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $27.73, for a total transaction of $166,380.00. The disclosure for this sale can be found here. Corporate insiders own 4.86% of the company’s stock.

Several hedge funds have recently bought and sold shares of FFIC. SG Americas Securities LLC bought a new position in shares of Flushing Financial in the third quarter worth approximately $135,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Flushing Financial in the second quarter worth approximately $221,000. Teacher Retirement System of Texas bought a new position in shares of Flushing Financial in the fourth quarter worth approximately $263,000. OxFORD Asset Management LLP bought a new position in shares of Flushing Financial in the third quarter worth approximately $298,000. Finally, Schroder Investment Management Group increased its position in shares of Flushing Financial by 96.1% in the fourth quarter. Schroder Investment Management Group now owns 12,021 shares of the bank’s stock worth $331,000 after purchasing an additional 5,891 shares during the last quarter. Institutional investors own 77.21% of the company’s stock.

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Flushing Financial Company Profile

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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Earnings History and Estimates for Flushing Financial (NASDAQ:FFIC)

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