DA Davidson Cuts Earnings Estimates for Flushing Financial

Flushing Financial Co. (NASDAQ:FFIC - Free Report) - DA Davidson dropped their Q2 2025 earnings estimates for Flushing Financial in a research note issued to investors on Tuesday, May 27th. DA Davidson analyst M. Navas now anticipates that the bank will post earnings of $0.29 per share for the quarter, down from their prior estimate of $0.31. The consensus estimate for Flushing Financial's current full-year earnings is $1.20 per share.

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

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

Flushing Financial Trading Down 0.1%

Shares of NASDAQ:FFIC traded down $0.01 during trading on Wednesday, reaching $12.13. The stock had a trading volume of 130,383 shares, compared to its average volume of 246,877. The business has a fifty day moving average price of $12.17 and a 200-day moving average price of $13.96. 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 $409.72 million, a P/E ratio of -12.01 and a beta of 0.81. 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 business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 13th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.88 dividend on an annualized basis and a yield of 7.25%. Flushing Financial's payout ratio is -61.97%.

Insiders Place Their Bets

In other Flushing Financial news, EVP Thomas Buonaiuto sold 6,800 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were 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 directly owns 32,336 shares in the company, valued at $417,781.12. The trade was a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.66% of the stock is owned by insiders.

Institutional Investors Weigh In On Flushing Financial

Several institutional investors have recently bought and sold shares of FFIC. JPMorgan Chase & Co. boosted its stake in shares of Flushing Financial by 156.6% in the third quarter. JPMorgan Chase & Co. now owns 31,977 shares of the bank's stock valued at $466,000 after purchasing an additional 19,517 shares during the period. SG Americas Securities LLC boosted its stake in shares of Flushing Financial by 49.1% in the fourth quarter. SG Americas Securities LLC now owns 26,800 shares of the bank's stock valued at $383,000 after purchasing an additional 8,827 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Flushing Financial in the fourth quarter valued at $219,000. R Squared Ltd purchased a new position in shares of Flushing Financial in the fourth quarter valued at $28,000. Finally, Sageworth Trust Co purchased a new position in shares of Flushing Financial in the fourth quarter valued at $143,000. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

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.