DA Davidson Lowers Earnings Estimates for Flushing Financial

Flushing Financial Co. (NASDAQ:FFIC) – Research analysts at DA Davidson decreased their FY2025 earnings estimates for shares of Flushing Financial in a research note issued on Tuesday, February 4th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings per share of $1.25 for the year, down from their prior forecast of $1.35. The consensus estimate for Flushing Financial’s current full-year earnings is $1.24 per share.

Separately, StockNews.com cut Flushing Financial from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Flushing Financial currently has an average rating of “Hold” and a consensus target price of $15.50.

Flushing Financial Price Performance

FFIC stock opened at $14.15 on Thursday. The firm has a 50-day moving average of $15.10 and a 200 day moving average of $15.03. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 0.94. Flushing Financial has a 1 year low of $10.74 and a 1 year high of $18.59.

Flushing Financial (NASDAQ:FFIC) last posted its earnings results on Tuesday, January 28th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.07). Flushing Financial had a positive return on equity of 3.25% and a negative net margin of 6.46%.

Flushing Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date was Friday, December 6th. Flushing Financial’s dividend payout ratio (DPR) is currently -87.13%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in shares of Flushing Financial by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 694,216 shares of the bank’s stock worth $10,124,000 after acquiring an additional 5,128 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of Flushing Financial during the third quarter valued at about $4,936,000. Bank of New York Mellon Corp boosted its position in shares of Flushing Financial by 36.0% in the 4th quarter. Bank of New York Mellon Corp now owns 257,765 shares of the bank’s stock worth $3,681,000 after purchasing an additional 68,260 shares in the last quarter. Stieven Capital Advisors L.P. purchased a new stake in Flushing Financial during the 4th quarter worth approximately $3,344,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Flushing Financial by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,236 shares of the bank’s stock worth $3,401,000 after acquiring an additional 4,876 shares during the period. Institutional investors own 67.10% 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.