DA Davidson Has Bearish Estimate for FFIC FY2025 Earnings

Flushing Financial Co. (NASDAQ:FFIC) – Equities research analysts at DA Davidson cut their FY2025 earnings estimates for Flushing Financial in a note issued to investors on Tuesday, February 4th. DA Davidson analyst M. Navas now anticipates that the bank will post earnings of $1.25 per share 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 report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Flushing Financial presently has an average rating of “Hold” and a consensus price target of $15.50.

Flushing Financial Price Performance

Shares of NASDAQ FFIC opened at $14.62 on Thursday. Flushing Financial has a twelve month low of $10.74 and a twelve month high of $18.59. The stock has a market cap of $492.11 million, a P/E ratio of -14.48 and a beta of 0.81. The stock has a 50 day moving average of $15.04 and a two-hundred day moving average of $15.02. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.27.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Dana Investment Advisors Inc. boosted its holdings in shares of Flushing Financial by 5.1% in the 4th quarter. Dana Investment Advisors Inc. now owns 426,060 shares of the bank’s stock valued at $6,084,000 after buying an additional 20,558 shares during the period. Proficio Capital Partners LLC bought a new stake in Flushing Financial during the 4th quarter valued at $249,000. Charles Schwab Investment Management Inc. grew its position in Flushing Financial by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 234,974 shares of the bank’s stock valued at $3,355,000 after buying an additional 1,738 shares in the last quarter. US Bancorp DE raised its position in shares of Flushing Financial by 496.0% during the 4th quarter. US Bancorp DE now owns 3,725 shares of the bank’s stock worth $53,000 after buying an additional 3,100 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Flushing Financial by 36.0% during the fourth 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. 67.10% of the stock is owned by institutional investors and hedge funds.

Flushing Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.88 annualized dividend and a dividend yield of 6.02%. Flushing Financial’s dividend payout ratio (DPR) is presently -87.13%.

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.