DA Davidson Has Pessimistic Outlook of FFIC FY2025 Earnings

Flushing Financial Corporation (NASDAQ:FFIC) – Stock analysts at DA Davidson decreased their FY2025 earnings per share estimates for Flushing Financial in a research note issued on Tuesday, July 1st. DA Davidson analyst M. Navas now expects that the bank will post earnings of $1.20 per share for the year, down from their prior estimate of $1.25. The consensus estimate for Flushing Financial’s current full-year earnings is $1.20 per share. DA Davidson also issued estimates for Flushing Financial’s FY2026 earnings at $1.50 EPS.

Separately, Wall Street Zen raised Flushing Financial from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th.

Flushing Financial Trading Up 2.0%

NASDAQ FFIC opened at $12.49 on Wednesday. Flushing Financial has a 12-month low of $10.65 and a 12-month high of $18.59. The company has a fifty day simple moving average of $12.21 and a two-hundred day simple moving average of $13.13. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.60. The stock has a market cap of $421.91 million, a P/E ratio of -8.80 and a beta of 0.81.

Flushing Financial (NASDAQ:FFIC) last released its earnings results on Tuesday, April 29th. The bank reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $58.10 million during the quarter, compared to analysts’ expectations of $55.38 million. Flushing Financial had a negative net margin of 9.07% and a positive return on equity of 3.67%.

Flushing Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 13th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.88 dividend on an annualized basis and a yield of 7.05%. Flushing Financial’s dividend payout ratio is currently -61.97%.

Hedge Funds Weigh In On Flushing Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio acquired a new stake in Flushing Financial during the 1st quarter valued at approximately $505,000. Empowered Funds LLC lifted its position in Flushing Financial by 8.5% during the first quarter. Empowered Funds LLC now owns 102,944 shares of the bank’s stock valued at $1,307,000 after purchasing an additional 8,036 shares during the period. Millennium Management LLC boosted its holdings in Flushing Financial by 104.3% in the first quarter. Millennium Management LLC now owns 523,080 shares of the bank’s stock valued at $6,643,000 after purchasing an additional 267,013 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Flushing Financial by 19.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,875 shares of the bank’s stock valued at $240,000 after purchasing an additional 3,062 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Flushing Financial by 20.7% during the 1st quarter. AQR Capital Management LLC now owns 476,031 shares of the bank’s stock worth $6,046,000 after purchasing an additional 81,497 shares during the period. Institutional investors and hedge funds own 67.10% of the company’s stock.

About Flushing Financial

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.