FY2024 EPS Estimate for Flushing Financial Raised by Analyst

Flushing Financial Co. (NASDAQ:FFIC) – DA Davidson increased their FY2024 EPS estimates for Flushing Financial in a research note issued to investors on Thursday, November 7th. DA Davidson analyst M. Navas now expects that the bank will post earnings of $0.78 per share for the year, up from their previous forecast of $0.70. The consensus estimate for Flushing Financial’s current full-year earnings is $0.75 per share. DA Davidson also issued estimates for Flushing Financial’s Q4 2024 earnings at $0.19 EPS.

FFIC has been the subject of a number of other reports. Keefe, Bruyette & Woods lifted their target price on Flushing Financial from $13.00 to $15.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Piper Sandler lowered Flushing Financial from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $15.00 to $16.50 in a research report on Tuesday, July 30th. Raymond James increased their target price on Flushing Financial from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, StockNews.com raised shares of Flushing Financial from a “sell” rating to a “hold” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.50.

Flushing Financial Trading Up 2.4 %

Flushing Financial stock opened at $17.49 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.01 and a current ratio of 1.01. Flushing Financial has a 1 year low of $10.74 and a 1 year high of $18.19. The firm’s 50-day moving average is $14.79 and its 200-day moving average is $13.72. The company has a market cap of $508.43 million, a P/E ratio of 20.10 and a beta of 0.75.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FFIC. Quest Partners LLC lifted its holdings in Flushing Financial by 123.5% in the 3rd quarter. Quest Partners LLC now owns 27,383 shares of the bank’s stock valued at $399,000 after acquiring an additional 15,129 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Flushing Financial by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 92,312 shares of the bank’s stock worth $1,346,000 after purchasing an additional 4,690 shares in the last quarter. GSA Capital Partners LLP lifted its stake in Flushing Financial by 59.3% during the third quarter. GSA Capital Partners LLP now owns 107,142 shares of the bank’s stock valued at $1,562,000 after purchasing an additional 39,872 shares during the last quarter. EMC Capital Management boosted its holdings in Flushing Financial by 163.0% during the third quarter. EMC Capital Management now owns 22,904 shares of the bank’s stock worth $334,000 after buying an additional 14,195 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Flushing Financial by 4,000.0% in the third quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock worth $30,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 67.10% of the company’s stock.

Insider Activity at Flushing Financial

In other news, Director Sam Sang Ki Han sold 10,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $15.47, for a total value of $154,700.00. Following the completion of the transaction, the director now owns 67,251 shares of the company’s stock, valued at approximately $1,040,372.97. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Flushing Financial news, COO Maria A. Grasso sold 4,500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 83,238 shares in the company, valued at $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 SEC, which is available at this hyperlink. Also, Director Sam Sang Ki Han sold 10,000 shares of Flushing Financial stock in a transaction on Friday, November 1st. The shares were sold at an average price of $15.47, for a total value of $154,700.00. Following the transaction, the director now owns 67,251 shares in the company, valued at approximately $1,040,372.97. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,500 shares of company stock worth $344,925 in the last three months. 6.31% of the stock is owned by company insiders.

Flushing Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend was Friday, September 6th. Flushing Financial’s dividend payout ratio is currently 101.15%.

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. It offers various deposit products, including checking and savings accounts, money market accounts, non-interest bearing demand accounts, NOW accounts, and certificates of deposit.