Media coverage about Flushing Financial (NASDAQ:FFIC) has trended somewhat positive recently, according to AlphaOne. The research group, a service of Accern, scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Flushing Financial earned a coverage optimism score of 0.20 on AlphaOne’s scale. AlphaOne also assigned press coverage about the bank an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the stock’s share price in the next several days.
Shares of Flushing Financial (NASDAQ:FFIC) traded up 0.21% during midday trading on Friday, reaching $28.32. 66,469 shares of the company traded hands. The stock has a market capitalization of $821.79 million, a P/E ratio of 12.15 and a beta of 1.03. The stock’s 50-day moving average is $28.33 and its 200-day moving average is $27.87. Flushing Financial has a 1-year low of $18.95 and a 1-year high of $31.96.
Flushing Financial (NASDAQ:FFIC) last issued its quarterly earnings results on Tuesday, April 25th. The bank reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.08. Flushing Financial had a return on equity of 8.71% and a net margin of 23.31%. The firm had revenue of $47.08 million during the quarter, compared to the consensus estimate of $45.37 million. During the same period last year, the company earned $0.40 earnings per share. Equities analysts predict that Flushing Financial will post $1.66 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Monday, June 12th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, June 8th. Flushing Financial’s dividend payout ratio is presently 30.22%.
Several equities analysts have recently weighed in on FFIC shares. Sandler O’Neill raised shares of Flushing Financial from a “hold” rating to a “buy” rating in a report on Wednesday, April 26th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $30.00 price target on shares of Flushing Financial in a report on Tuesday, May 2nd. ValuEngine raised shares of Flushing Financial from a “hold” rating to a “buy” rating in a report on Friday. Finally, Zacks Investment Research raised shares of Flushing Financial from a “hold” rating to a “strong-buy” rating and set a $34.00 price target for the company in a report on Monday, May 1st. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average 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 on Wednesday, May 31st. The stock was sold at an average price of $26.77, for a total value of $107,080.00. Following the completion of the transaction, the chief operating officer now owns 74,223 shares in the company, valued at $1,986,949.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Davison Bennett sold 6,000 shares of the stock in a transaction on Monday, March 13th. The stock was sold at an average price of $27.06, for a total value of $162,360.00. Following the completion of the transaction, the director now 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. 5.85% of the stock is owned by company insiders.
Flushing Financial Company Profile
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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