Flushing Financial (NASDAQ:FFIC) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Technical breakout and analyst view: FFIC crossed above its 200‑day moving average (200‑day MA $15.66), trading as high as $16.45 and last at $16.17, while analysts hold a consensus "Hold" rating with a $16.80 price target.
• Earnings miss but high dividend yield: The company missed Q1 estimates (EPS $0.29 vs. $0.32; revenue $56.98M vs. $61.15M), yet pays a quarterly $0.22 dividend (annualized $0.88) for a 5.4% yield and carries an 88% payout ratio.

Flushing Financial Corporation (NASDAQ:FFIC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.66 and traded as high as $16.45. Flushing Financial shares last traded at $16.17, with a volume of 163,542 shares.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FFIC. Keefe, Bruyette & Woods lifted their price objective on shares of Flushing Financial from $14.50 to $16.80 and gave the stock a "market perform" rating in a research note on Thursday, January 29th. Weiss Ratings upgraded shares of Flushing Financial from a "sell (d+)" rating to a "hold (c)" rating in a report on Monday, March 9th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $16.80.

Flushing Financial Stock Up 0.1%

The business's 50 day simple moving average is $15.64 and its 200 day simple moving average is $15.66. The company has a market capitalization of $547.84 million, a PE ratio of 16.17 and a beta of 0.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.68.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last released its earnings results on Tuesday, April 28th. The bank reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). Flushing Financial had a return on equity of 6.22% and a net margin of 7.15%.The firm had revenue of $56.98 million during the quarter, compared to analysts' expectations of $61.15 million.

Flushing Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 5.4%. The ex-dividend date was Friday, April 10th. Flushing Financial's payout ratio is presently 88.00%.

Institutional Trading of Flushing Financial

Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in shares of Flushing Financial by 75.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,847 shares of the bank's stock worth $46,000 after buying an additional 1,650 shares during the period. CANADA LIFE ASSURANCE Co raised its position in Flushing Financial by 58.6% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 3,295 shares of the bank's stock valued at $50,000 after buying an additional 1,218 shares during the period. Allworth Financial LP raised its position in Flushing Financial by 306.0% during the fourth quarter. Allworth Financial LP now owns 3,950 shares of the bank's stock valued at $60,000 after buying an additional 2,977 shares during the period. Summit Securities Group LLC purchased a new stake in Flushing Financial in the 4th quarter worth about $82,000. Finally, Kestra Advisory Services LLC purchased a new stake in Flushing Financial in the 4th quarter worth about $99,000. 67.10% of the stock is owned by institutional investors and hedge funds.

About Flushing Financial

Flushing Financial Corporation is the bank holding company for Flushing Bank, a community-oriented financial institution headquartered in Flushing, Queens, New York. Tracing its origins to the founding of Flushing Bank in 1929, the holding company was established in 2006 to support the bank's growth and diversification. Flushing Financial operates under the Nasdaq ticker FFIC, delivering a full suite of banking services to personal, commercial and institutional customers.

The company's primary business activities include deposit-taking, consumer and commercial lending, mortgage banking and treasury management.

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