Flushing Financial (NASDAQ:FFIC – Get Free Report) posted its quarterly earnings data on Tuesday. The bank reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01), Yahoo Finance reports. The firm had revenue of $112.58 million for the quarter, compared to analyst estimates of $47.12 million. Flushing Financial had a return on equity of 4.11% and a net margin of 7.37%. During the same period in the previous year, the business posted $0.10 EPS.
Flushing Financial Stock Performance
FFIC stock opened at $12.27 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 1.04. The company has a 50 day moving average price of $12.32 and a 200 day moving average price of $13.83. Flushing Financial has a fifty-two week low of $9.28 and a fifty-two week high of $18.00. The stock has a market capitalization of $356.69 million, a PE ratio of 11.69 and a beta of 0.73.
Flushing Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 7.17%. The ex-dividend date of this dividend was Friday, March 8th. Flushing Financial’s dividend payout ratio (DPR) is presently 83.81%.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on Flushing Financial
Insider Buying and Selling
In other Flushing Financial news, EVP Francis W. Korzekwinski sold 7,649 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Thomas Buonaiuto sold 19,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $13.21, for a total value of $250,990.00. Following the completion of the transaction, the executive vice president now owns 32,391 shares of the company’s stock, valued at approximately $427,885.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Francis W. Korzekwinski sold 7,649 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $12.61, for a total transaction of $96,453.89. Following the completion of the transaction, the executive vice president now directly owns 73,493 shares of the company’s stock, valued at approximately $926,746.73. The disclosure for this sale can be found here. 5.54% of the stock is currently owned by corporate insiders.
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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