News articles about Flushing Financial (NASDAQ:FFIC) have trended somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Flushing Financial earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.2906540345661 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several equities research analysts recently weighed in on FFIC shares. ValuEngine cut shares of Flushing Financial from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Gabelli raised shares of Flushing Financial from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Thursday, April 26th. Zacks Investment Research cut shares of Flushing Financial from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 16th. Finally, BidaskClub raised shares of Flushing Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, March 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $30.00.
FFIC traded up $0.15 on Tuesday, hitting $27.17. 320 shares of the stock were exchanged, compared to its average volume of 61,395. Flushing Financial has a 12 month low of $24.59 and a 12 month high of $31.45. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $780.08 million, a price-to-earnings ratio of 17.30, a P/E/G ratio of 1.40 and a beta of 1.04.
Flushing Financial (NASDAQ:FFIC) last posted its quarterly earnings data on Tuesday, April 24th. The bank reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.07). Flushing Financial had a return on equity of 8.36% and a net margin of 16.24%. The firm had revenue of $45.81 million for the quarter. sell-side analysts anticipate that Flushing Financial will post 1.89 EPS for the current fiscal year.
Flushing Financial declared that its board has approved a share repurchase program on Tuesday, February 27th that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the bank to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Monday, June 11th will be issued a $0.20 dividend. The ex-dividend date is Friday, June 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.94%. Flushing Financial’s dividend payout ratio (DPR) is currently 50.96%.
In other news, insider Francis W. Korzekwinski sold 3,300 shares of the stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $26.46, for a total value of $87,318.00. Following the completion of the transaction, the insider now owns 75,515 shares of the company’s stock, valued at $1,998,126.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.01% of the stock is currently owned by corporate insiders.
Flushing Financial Company Profile
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. The company offers various deposit products, including checking and savings accounts, money market accounts, demand accounts, NOW accounts, and certificates of deposit.
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