News coverage about Flushing Financial Corporation (NASDAQ:FFIC) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Flushing Financial Corporation earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 47.4567414882841 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Flushing Financial : Bank Makes the Most of Hong Kong Dragon Boat Sponsorship (4-traders.com)
- Flushing Bank Makes the Most of Hong Kong Dragon Boat Sponsorship (finance.yahoo.com)
- Flushing Financial Corporation (FFIC) Declares Quarterly Dividend of $0.18 (americanbankingnews.com)
- Flushing Financial Corporation (NASDAQ:FFIC) CFO Susan Cullen Purchases 500 Shares (americanbankingnews.com)
Shares of Flushing Financial Corporation (NASDAQ:FFIC) traded up 0.68% on Friday, hitting $26.81. The company had a trading volume of 120,516 shares. The stock’s 50-day moving average is $28.18 and its 200 day moving average is $27.94. The company has a market capitalization of $781.11 million, a price-to-earnings ratio of 15.61 and a beta of 1.11. Flushing Financial Corporation has a 52 week low of $20.95 and a 52 week high of $31.96.
Flushing Financial Corporation (NASDAQ:FFIC) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. Flushing Financial Corporation had a return on equity of 9.23% and a net margin of 19.96%. The company had revenue of $45.57 million for the quarter, compared to analyst estimates of $46.79 million. During the same period last year, the company earned $0.39 earnings per share. Equities analysts expect that Flushing Financial Corporation will post $1.74 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.69%. The ex-dividend date is Thursday, September 7th. Flushing Financial Corporation’s payout ratio is currently 41.62%.
FFIC has been the subject of a number of recent research reports. Sandler O’Neill upgraded Flushing Financial Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. ValuEngine upgraded Flushing Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $30.00 price objective on shares of Flushing Financial Corporation in a research note on Tuesday, May 2nd. Zacks Investment Research upgraded Flushing Financial Corporation from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Friday, July 28th. Finally, BidaskClub upgraded Flushing Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $29.00.
In other Flushing Financial Corporation news, COO Maria A. Grasso sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $26.77, for a total value of $107,080.00. Following the sale, the chief operating officer now directly owns 74,223 shares of the company’s stock, valued at $1,986,949.71. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.86% of the stock is currently owned by company insiders.
About Flushing Financial Corporation
Flushing Financial Corporation is the bank holding company for Flushing Bank (the Bank). The Company is a community-oriented financial institution offering a range of financial services. The Bank’s subsidiaries include Flushing Preferred Funding Corporation, Flushing Service Corporation and FSB Properties Inc The Company also owns Flushing Financial Capital Trust II, Flushing Financial Capital Trust III and Flushing Financial Capital Trust IV (the Trusts).
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