DA Davidson Expects Reduced Earnings for Flushing Financial

Flushing Financial Corporation (NASDAQ:FFIC - Free Report) - Stock analysts at DA Davidson cut their FY2025 EPS estimates for shares of Flushing Financial in a research note issued to investors on Tuesday, July 1st. DA Davidson analyst M. Navas now anticipates that the bank will earn $1.20 per share for the year, down from their prior estimate of $1.25. The consensus estimate for Flushing Financial's current full-year earnings is $1.20 per share. DA Davidson also issued estimates for Flushing Financial's FY2026 earnings at $1.50 EPS.

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

Flushing Financial Trading Up 1.9%

Shares of NASDAQ:FFIC traded up $0.24 during trading on Wednesday, reaching $12.73. The stock had a trading volume of 275,927 shares, compared to its average volume of 254,037. The firm's fifty day moving average is $12.23 and its 200 day moving average is $13.09. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.91 and a current ratio of 0.92. Flushing Financial has a 52 week low of $10.65 and a 52 week high of $18.59. The stock has a market cap of $430.02 million, a price-to-earnings ratio of -8.96 and a beta of 0.81.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The bank reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. Flushing Financial had a negative net margin of 9.07% and a positive return on equity of 3.67%. The company had revenue of $58.10 million for the quarter, compared to analyst estimates of $55.38 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE boosted its stake in Flushing Financial by 496.0% during the fourth quarter. US Bancorp DE now owns 3,725 shares of the bank's stock worth $53,000 after acquiring an additional 3,100 shares in the last quarter. Quarry LP acquired a new position in Flushing Financial during the fourth quarter worth $73,000. New York State Common Retirement Fund lifted its stake in shares of Flushing Financial by 27.8% in the fourth quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank's stock valued at $92,000 after buying an additional 1,400 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Flushing Financial in the fourth quarter valued at $141,000. Finally, Fortress Investment Group LLC bought a new position in shares of Flushing Financial in the fourth quarter valued at $143,000. 67.10% of the stock is owned by institutional investors.

Flushing Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 13th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 6.91%. The ex-dividend date of this dividend was Friday, June 13th. Flushing Financial's dividend payout ratio is presently -61.97%.

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.