News coverage about Flushing Financial Corporation (NASDAQ:FFIC) has trended somewhat negative on Tuesday, according to Alpha One. The research firm, a subsidiary of Accern, identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Flushing Financial Corporation earned a media sentiment score of -0.12 on Alpha One’s scale. Alpha One also gave media headlines about the bank an impact score of 86 out of 100, indicating that recent news coverage is very likely to have an effect on the company’s share price in the immediate future.
A number of equities analysts have commented on FFIC shares. Sandler O’Neill raised shares of Flushing Financial Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, April 26th. ValuEngine raised shares of Flushing Financial Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Flushing Financial Corporation in a report on Tuesday, May 2nd. Finally, Zacks Investment Research raised shares of Flushing Financial Corporation from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a report on Monday, May 1st. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Flushing Financial Corporation currently has an average rating of “Buy” and a consensus price target of $28.75.
Shares of Flushing Financial Corporation (NASDAQ:FFIC) traded down 1.84% during midday trading on Tuesday, reaching $28.21. 9,873 shares of the company’s stock traded hands. The firm has a market capitalization of $818.60 million, a P/E ratio of 12.10 and a beta of 1.12. Flushing Financial Corporation has a 52-week low of $18.95 and a 52-week high of $31.96. The stock’s 50 day moving average price is $28.79 and its 200 day moving average price is $28.09.
Flushing Financial Corporation (NASDAQ:FFIC) last issued its earnings results 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. Flushing Financial Corporation had a return on equity of 8.92% and a net margin of 23.93%. The business had revenue of $47.08 million during the quarter, compared to analysts’ expectations of $45.37 million. During the same quarter in the prior year, the firm earned $0.40 EPS. On average, equities research analysts anticipate that Flushing Financial Corporation 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. Shareholders of record on Monday, June 12th will be given a $0.18 dividend. The ex-dividend date is Thursday, June 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.51%. Flushing Financial Corporation’s dividend payout ratio (DPR) is presently 30.77%.
In other Flushing Financial Corporation news, COO Maria A. Grasso sold 4,000 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $26.77, for a total value of $107,080.00. Following the sale, the chief operating officer now owns 74,223 shares in the company, valued at approximately $1,986,949.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.85% of the company’s stock.
About Flushing Financial Corporation
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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