Flushing Financial - FFIC Stock Forecast, Price & News

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, demand accounts, NOW accounts, and certificates of deposit. The company also provides mortgage loans secured by multi-family residential, commercial real estate, one-to-four family mixed-use property, one-to-four family residential property, and commercial business loans; construction loans; small business administration loans and other small business loans; mortgage loan surrogates, such as mortgage-backed securities; and consumer loans, including overdraft lines of credit, as well as the United States government securities, corporate fixed-income securities, and other marketable securities. In addition, it offers banking services to public municipalities comprising counties, cities, towns, villages, school districts, libraries, fire districts, and various courts. As of December 31, 2021, the company operated 24 full-service offices located in the New York City boroughs of Queens, Brooklyn, and Manhattan; and in Nassau and Suffolk County, New York, as well as an Internet branch. Flushing Financial Corporation was founded in 1929 and is based in Uniondale, New York.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Flushing Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, July 27th.

Flushing Financial Stock Performance

Shares of FFIC Stock opened at $22.82 on Tuesday. The firm has a market cap of $684.14 million, a price-to-earnings ratio of 8.21 and a beta of 0.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.08 and a current ratio of 1.08. Flushing Financial has a 52 week low of $20.50 and a 52 week high of $25.95. The firm's 50-day simple moving average is $21.81 and its two-hundred day simple moving average is $22.35.

Flushing Financial (NASDAQ:FFIC - Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The bank reported $0.81 EPS for the quarter, topping the consensus estimate of $0.67 by $0.14. Flushing Financial had a net margin of 28.96% and a return on equity of 13.26%. During the same period last year, the business earned $0.73 EPS. As a group, equities analysts forecast that Flushing Financial will post 2.39 earnings per share for the current year.

Insider Activity

In related news, COO Maria A. Grasso sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $22.00, for a total transaction of $132,000.00. Following the completion of the transaction, the chief operating officer now owns 76,525 shares of the company's stock, valued at $1,683,550. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Flushing Financial news, COO Maria A. Grasso sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $22.00, for a total value of $132,000.00. Following the completion of the transaction, the chief operating officer now owns 76,525 shares of the company's stock, valued at approximately $1,683,550. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Francis W. Korzekwinski sold 5,000 shares of the company's stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $22.17, for a total transaction of $110,850.00. Following the completion of the sale, the executive vice president now directly owns 71,952 shares of the company's stock, valued at approximately $1,595,175.84. The disclosure for this sale can be found here. Insiders own 6.60% of the company's stock.