Flushing Financial (NASDAQ:FFIC – Get Free Report) issued its quarterly earnings data on Tuesday. The bank reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01), Yahoo Finance reports. Flushing Financial had a return on equity of 4.11% and a net margin of 7.37%. The business had revenue of $112.58 million during the quarter, compared to the consensus estimate of $47.12 million. During the same period last year, the company earned $0.10 earnings per share.
Flushing Financial Price Performance
Shares of NASDAQ:FFIC opened at $12.27 on Wednesday. Flushing Financial has a one year low of $9.28 and a one year high of $18.00. The stock has a fifty day moving average of $12.32 and a 200-day moving average of $13.83. The company has a market capitalization of $356.69 million, a PE ratio of 11.69 and a beta of 0.73. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.04 and a current ratio of 1.04.
Flushing Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were given a dividend of $0.22 per share. The ex-dividend date was Friday, March 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.17%. Flushing Financial’s dividend payout ratio (DPR) is presently 83.81%.
Analyst Ratings Changes
View Our Latest Report on FFIC
Insider Activity
In other news, EVP Francis W. Korzekwinski sold 7,649 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $12.61, for a total transaction of $96,453.89. Following the completion of the sale, the executive vice president now owns 73,493 shares in the company, valued at approximately $926,746.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Thomas Buonaiuto sold 19,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $13.21, for a total value of $250,990.00. Following the completion of the sale, the executive vice president now owns 32,391 shares in the company, valued at $427,885.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Francis W. Korzekwinski sold 7,649 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $12.61, for a total value of $96,453.89. Following the completion of the sale, the executive vice president now owns 73,493 shares of the company’s stock, valued at approximately $926,746.73. The disclosure for this sale can be found here. Insiders own 5.54% 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.
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