Flushing Financial Corp. (FFIC) Announces Quarterly Earnings Results

Flushing Financial Corp. (NASDAQ:FFIC) issued its quarterly earnings data on Tuesday. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01.

Several brokerages have weighed in on FFIC. Zacks Investment Research cut Flushing Financial Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th. Gabelli began coverage on Flushing Financial Corp. in a research note on Wednesday, June 29th. They set a “buy” rating and a $27.00 price objective on the stock.

Flushing Financial Corp. (NASDAQ:FFIC) traded up 0.14% during midday trading on Tuesday, hitting $20.89. The stock had a trading volume of 31,205 shares. The firm has a 50 day moving average of $20.45 and a 200 day moving average of $20.62. Flushing Financial Corp. has a 52 week low of $18.95 and a 52 week high of $23.07. The firm has a market cap of $607.84 million and a price-to-earnings ratio of 12.90.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 10th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Wednesday, June 8th.

In other news, Director Donna M. Obrien sold 4,800 shares of Flushing Financial Corp. stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $20.99, for a total value of $100,752.00. Following the transaction, the director now directly owns 52,725 shares in the company, valued at approximately $1,106,697.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John R. Buran sold 8,000 shares of Flushing Financial Corp. stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $20.94, for a total value of $167,520.00. Following the completion of the transaction, the chief executive officer now owns 125,764 shares in the company, valued at $2,633,498.16. The disclosure for this sale can be found here.

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 owns three subsidiaries: Flushing Preferred Funding Corporation (FPFC), Flushing Service Corporation, and FSB Properties Inc (Properties).