Flushing Financial (NASDAQ:FFIC) Issues Earnings Results, Misses Estimates By $0.07 EPS

Flushing Financial (NASDAQ:FFIC) issued 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 Stock Performance

Shares of FFIC opened at $14.00 on Thursday. Flushing Financial has a 52 week low of $10.74 and a 52 week high of $18.59. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.27. The stock has a market cap of $471.24 million, a price-to-earnings ratio of 16.09 and a beta of 0.81. The business has a 50-day simple moving average of $15.50 and a two-hundred day simple moving average of $15.07.

Flushing Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 6.29%. The ex-dividend date of this dividend was Friday, December 6th. Flushing Financial’s dividend payout ratio is presently 101.15%.

Analysts Set New Price Targets

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

Insider Activity at Flushing Financial

In other Flushing Financial news, Director Sam Sang Ki Han sold 10,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 67,251 shares in the company, valued at approximately $1,040,372.97. This represents a 12.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.31% of the stock is currently owned by corporate insiders.

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.