Flushing Financial Co. Expected to Post FY2025 Earnings of $1.25 Per Share (NASDAQ:FFIC)

Flushing Financial Co. (NASDAQ:FFIC - Free Report) - Research analysts at DA Davidson boosted their FY2025 earnings per share estimates for Flushing Financial in a research report issued on Thursday, October 3rd. DA Davidson analyst M. Navas now anticipates that the bank will earn $1.25 per share for the year, up from their prior estimate of $1.20. The consensus estimate for Flushing Financial's current full-year earnings is $0.71 per share.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The bank reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $117.45 million during the quarter, compared to analysts' expectations of $46.96 million. Flushing Financial had a net margin of 5.84% and a return on equity of 3.96%. During the same quarter in the previous year, the business posted $0.26 EPS.

FFIC has been the topic of a number of other reports. Keefe, Bruyette & Woods increased their target price on shares of Flushing Financial from $13.00 to $15.00 and gave the company a "market perform" rating in a research report on Thursday, August 1st. Piper Sandler cut Flushing Financial from an "overweight" rating to a "neutral" rating and boosted their price target for the company from $15.00 to $16.50 in a research report on Tuesday, July 30th. Raymond James boosted their target price on Flushing Financial from $16.00 to $17.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Finally, StockNews.com cut shares of Flushing Financial from a "hold" rating to a "sell" rating in a research note on Monday, July 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Flushing Financial presently has an average rating of "Hold" and an average price target of $15.50.

Flushing Financial Stock Down 0.4 %

Shares of NASDAQ FFIC traded down $0.06 during midday trading on Monday, hitting $14.03. 70,460 shares of the company's stock were exchanged, compared to its average volume of 179,787. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.01 and a quick ratio of 1.01. Flushing Financial has a twelve month low of $10.74 and a twelve month high of $18.00. The firm's fifty day simple moving average is $13.93 and its 200-day simple moving average is $13.11. The company has a market cap of $407.84 million, a PE ratio of 14.10 and a beta of 0.76.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. YHB Investment Advisors Inc. acquired a new stake in Flushing Financial during the first quarter worth approximately $27,000. Allspring Global Investments Holdings LLC purchased a new stake in Flushing Financial in the 1st quarter valued at about $32,000. EntryPoint Capital LLC purchased a new position in shares of Flushing Financial during the 1st quarter worth about $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Flushing Financial in the second quarter worth approximately $61,000. Finally, CWM LLC boosted its position in shares of Flushing Financial by 87.0% in the second quarter. CWM LLC now owns 5,534 shares of the bank's stock worth $73,000 after acquiring an additional 2,575 shares during the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Flushing Financial news, COO Maria A. Grasso sold 4,500 shares of the company's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $13.49, for a total value of $60,705.00. Following the sale, the chief operating officer now owns 83,238 shares of the company's stock, valued at approximately $1,122,880.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.31% of the company's stock.

Flushing Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.88 annualized dividend and a dividend yield of 6.27%. Flushing Financial's payout ratio is currently 88.00%.

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.