Flushing Financial (NASDAQ:FFIC) Announces Quarterly Earnings Results

Flushing Financial (NASDAQ:FFIC) announced its earnings results on Tuesday. The bank reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.07), Zacks reports. Flushing Financial had a return on equity of 3.75% and a net margin of 5.48%.

Flushing Financial Price Performance

Shares of NASDAQ:FFIC opened at $14.00 on Thursday. The business has a fifty day moving average price of $15.50 and a 200-day moving average price of $15.07. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $471.24 million, a PE ratio of 16.09 and a beta of 0.81. Flushing Financial has a 1-year low of $10.74 and a 1-year high of $18.59.

Flushing Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.29%. Flushing Financial’s dividend payout ratio is currently 101.15%.

Insider Buying and Selling

In related news, Director Sam Sang Ki Han sold 10,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 67,251 shares of the company’s stock, valued at approximately $1,040,372.97. This represents a 12.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.31% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised Flushing Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.50.

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.