What is DA Davidson's Forecast for FFIC FY2026 Earnings?

Flushing Financial Co. (NASDAQ:FFIC - Free Report) - Stock analysts at DA Davidson lowered their FY2026 earnings per share estimates for shares of Flushing Financial in a report released on Tuesday, May 27th. DA Davidson analyst M. Navas now anticipates that the bank will earn $1.55 per share for the year, down from their previous forecast of $1.60. The consensus estimate for Flushing Financial's current full-year earnings is $1.20 per share.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The bank reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. Flushing Financial had a positive return on equity of 3.25% and a negative net margin of 6.46%. The company had revenue of $58.10 million for the quarter, compared to analyst estimates of $55.38 million.

Separately, Wall Street Zen raised Flushing Financial from a "sell" rating to a "hold" rating in a report on Thursday, May 8th.

Flushing Financial Stock Down 0.1%

Shares of NASDAQ FFIC traded down $0.01 during mid-day trading on Thursday, reaching $12.13. 130,383 shares of the company traded hands, compared to its average volume of 248,873. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $409.72 million, a PE ratio of -12.01 and a beta of 0.81. The company's fifty day moving average is $12.17 and its two-hundred day moving average is $14.01. Flushing Financial has a fifty-two week low of $10.65 and a fifty-two week high of $18.59.

Flushing Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 13th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.88 annualized dividend and a yield of 7.25%. Flushing Financial's payout ratio is -61.97%.

Insider Activity at Flushing Financial

In related news, EVP Thomas Buonaiuto sold 6,800 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $12.92, for a total transaction of $87,856.00. Following the completion of the sale, the executive vice president now owns 32,336 shares in the company, valued at $417,781.12. This represents a 17.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.66% of the stock is owned by corporate insiders.

Institutional Trading of Flushing Financial

Hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Flushing Financial by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,813 shares of the bank's stock worth $226,000 after buying an additional 684 shares during the period. New York State Common Retirement Fund lifted its position in shares of Flushing Financial by 27.8% during the 4th quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank's stock worth $92,000 after buying an additional 1,400 shares during the period. Royal Bank of Canada lifted its position in shares of Flushing Financial by 9.1% during the 1st quarter. Royal Bank of Canada now owns 17,472 shares of the bank's stock worth $222,000 after buying an additional 1,453 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Flushing Financial by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 234,974 shares of the bank's stock worth $3,355,000 after buying an additional 1,738 shares during the period. Finally, Corebridge Financial Inc. lifted its position in shares of Flushing Financial by 14.1% during the 1st quarter. Corebridge Financial Inc. now owns 15,627 shares of the bank's stock worth $198,000 after buying an additional 1,931 shares during the period. Institutional investors own 67.10% of the company's stock.

Flushing Financial Company Profile

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.