Press coverage about Flushing Financial (NASDAQ:FFIC) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Flushing Financial earned a news impact score of 0.04 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 45.5104506773257 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
A number of equities analysts recently weighed in on the stock. ValuEngine upgraded shares of Flushing Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Sandler O’Neill lowered shares of Flushing Financial from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a research report on Thursday, November 30th. They noted that the move was a valuation call. Piper Jaffray Companies reiterated a “hold” rating and issued a $28.00 price objective on shares of Flushing Financial in a research report on Friday, November 10th. Zacks Investment Research lowered shares of Flushing Financial from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $30.00 target price on shares of Flushing Financial in a research report on Sunday, October 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $30.25.
Shares of Flushing Financial (NASDAQ:FFIC) opened at $27.56 on Friday. The company has a market cap of $794.85, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. Flushing Financial has a 1 year low of $24.27 and a 1 year high of $31.96. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.15 and a current ratio of 1.15.
Flushing Financial (NASDAQ:FFIC) last issued its earnings results on Tuesday, October 31st. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.07). Flushing Financial had a return on equity of 9.04% and a net margin of 19.50%. The company had revenue of $44.70 million for the quarter. sell-side analysts predict that Flushing Financial will post 1.67 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.72 annualized dividend and a dividend yield of 2.61%. Flushing Financial’s dividend payout ratio is presently 42.11%.
In related news, Director Donna M. Obrien sold 3,000 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $27.33, for a total value of $81,990.00. Following the sale, the director now directly owns 50,925 shares in the company, valued at approximately $1,391,780.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John E. Sr Roe, Sr. sold 7,429 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $27.06, for a total transaction of $201,028.74. Following the completion of the sale, the director now owns 66,434 shares in the company, valued at $1,797,704.04. The disclosure for this sale can be found here. Insiders sold a total of 19,058 shares of company stock worth $525,579 over the last quarter. Insiders own 4.86% 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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