DA Davidson Predicts Reduced Earnings for Flushing Financial

Flushing Financial Co. (NASDAQ:FFIC - Free Report) - Analysts at DA Davidson decreased their FY2025 earnings per share estimates for Flushing Financial in a research report issued on Tuesday, February 4th. DA Davidson analyst M. Navas now expects that the bank will post earnings of $1.25 per share for the year, down from their previous forecast of $1.35. The consensus estimate for Flushing Financial's current full-year earnings is $1.20 per share.

Separately, StockNews.com cut shares of Flushing Financial from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Flushing Financial currently has an average rating of "Hold" and an average price target of $15.50.

Flushing Financial Price Performance

Shares of FFIC stock traded up $0.07 on Thursday, reaching $14.77. The company's stock had a trading volume of 133,438 shares, compared to its average volume of 346,798. The stock's fifty day simple moving average is $14.98 and its 200-day simple moving average is $15.00. Flushing Financial has a 1 year low of $10.74 and a 1 year high of $18.59. The company has a market capitalization of $497.06 million, a price-to-earnings ratio of -14.62 and a beta of 0.81. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.27.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.07). Flushing Financial had a positive return on equity of 3.25% and a negative net margin of 6.46%.

Hedge Funds Weigh In On Flushing Financial

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in Flushing Financial by 58.7% in the third quarter. SG Americas Securities LLC now owns 17,973 shares of the bank's stock worth $262,000 after purchasing an additional 6,651 shares during the last quarter. CWM LLC lifted its stake in shares of Flushing Financial by 136.6% during the 3rd quarter. CWM LLC now owns 13,093 shares of the bank's stock worth $191,000 after acquiring an additional 7,559 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Flushing Financial during the 3rd quarter valued at $196,000. Nisa Investment Advisors LLC grew its position in Flushing Financial by 4,000.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank's stock valued at $30,000 after acquiring an additional 2,000 shares during the last quarter. Finally, EMC Capital Management increased its stake in Flushing Financial by 163.0% in the third quarter. EMC Capital Management now owns 22,904 shares of the bank's stock worth $334,000 after purchasing an additional 14,195 shares during the period. 67.10% of the stock is owned by hedge funds and other institutional investors.

Flushing Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 5.96%. The ex-dividend date was Friday, December 6th. Flushing Financial's dividend payout ratio is currently -87.13%.

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.