DA Davidson Expects Lower Earnings for Flushing Financial

Flushing Financial Co. (NASDAQ:FFIC) – Equities researchers at DA Davidson dropped their FY2025 EPS estimates for Flushing Financial in a note issued to investors on Tuesday, February 4th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings per share of $1.25 for the year, down from their previous estimate of $1.35. The consensus estimate for Flushing Financial’s current full-year earnings is $1.24 per share.

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

Flushing Financial Stock Performance

Shares of NASDAQ FFIC opened at $14.62 on Thursday. The firm has a market cap of $492.11 million, a price-to-earnings ratio of -14.48 and a beta of 0.81. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50-day simple moving average is $15.04 and its 200-day simple moving average is $15.02. Flushing Financial has a 52 week low of $10.74 and a 52 week high of $18.59.

Flushing Financial (NASDAQ:FFIC) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.07). Flushing Financial had a negative net margin of 6.46% and a positive return on equity of 3.25%.

Flushing Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.02%. Flushing Financial’s payout ratio is -87.13%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd bought a new position in shares of Flushing Financial in the fourth quarter valued at about $28,000. Nisa Investment Advisors LLC lifted its position in Flushing Financial by 4,000.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock valued at $30,000 after purchasing an additional 2,000 shares during the period. US Bancorp DE grew its holdings in Flushing Financial by 496.0% during the 4th quarter. US Bancorp DE now owns 3,725 shares of the bank’s stock worth $53,000 after acquiring an additional 3,100 shares during the period. New York State Common Retirement Fund grew its stake in shares of Flushing Financial by 27.8% during the fourth quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank’s stock worth $92,000 after purchasing an additional 1,400 shares during the period. Finally, FMR LLC grew its position in shares of Flushing Financial by 64.1% during the 3rd quarter. FMR LLC now owns 7,259 shares of the bank’s stock worth $106,000 after buying an additional 2,836 shares during the period. Institutional investors own 67.10% of the company’s stock.

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.