Media headlines about Flushing Financial (NASDAQ:FFIC) have been trending positive recently, AlphaOne Sentiment Analysis reports. AlphaOne, a service of Accern, identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Flushing Financial earned a media sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also gave media coverage about the bank an impact score of 45 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Flushing Financial (FFIC) traded up 0.21% on Friday, hitting $28.32. 66,469 shares of the stock traded hands. Flushing Financial has a 12-month low of $18.95 and a 12-month high of $31.96. The stock has a 50-day moving average price of $28.33 and a 200 day moving average price of $27.87. The stock has a market cap of $821.79 million, a P/E ratio of 12.15 and a beta of 1.03.
Flushing Financial (NASDAQ:FFIC) last announced its quarterly earnings data on Tuesday, April 25th. The bank reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. The firm had revenue of $47.08 million for the quarter, compared to the consensus estimate of $45.37 million. Flushing Financial had a net margin of 23.31% and a return on equity of 8.71%. During the same period in the prior year, the company posted $0.40 earnings per share. On average, equities analysts expect that Flushing Financial will post $1.66 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Monday, June 12th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, June 8th. This represents a $0.72 dividend on an annualized basis and a yield of 2.54%. Flushing Financial’s payout ratio is 30.22%.
Several brokerages have commented on FFIC. ValuEngine upgraded shares of Flushing Financial from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research upgraded shares of Flushing Financial from a “hold” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a research note on Monday, May 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 price target on shares of Flushing Financial in a research note on Tuesday, May 2nd. Finally, Sandler O’Neill upgraded shares of Flushing Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $28.75.
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In other Flushing Financial news, COO Maria A. Grasso sold 4,000 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $26.77, for a total transaction of $107,080.00. Following the sale, the chief operating officer now directly owns 74,223 shares in the company, valued at $1,986,949.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James Davison Bennett sold 6,000 shares of the stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $27.06, for a total transaction of $162,360.00. Following the completion of the transaction, the director now directly owns 77,113 shares of the company’s stock, valued at approximately $2,086,677.78. The disclosure for this sale can be found here. Corporate insiders own 5.85% of the company’s stock.
About Flushing Financial
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’s subsidiaries include Flushing Preferred Funding Corporation, Flushing Service Corporation and FSB Properties Inc The Company also owns Flushing Financial Capital Trust II, Flushing Financial Capital Trust III and Flushing Financial Capital Trust IV (the Trusts).
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