Media coverage about Flushing Financial (NASDAQ:FFIC) has been trending somewhat negative recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Flushing Financial earned a news sentiment score of -0.02 on Accern’s scale. Accern also gave news articles about the bank an impact score of 45.427296762725 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of equities research analysts recently commented on FFIC shares. ValuEngine upgraded Flushing Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Sandler O’Neill upgraded Flushing Financial from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Thursday, February 15th. BidaskClub upgraded Flushing Financial from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, Zacks Investment Research lowered Flushing Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Flushing Financial presently has a consensus rating of “Hold” and a consensus price target of $30.25.
Shares of Flushing Financial (NASDAQ:FFIC) opened at $28.55 on Tuesday. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.19 and a quick ratio of 1.19. Flushing Financial has a 52-week low of $24.27 and a 52-week high of $31.69. The company has a market capitalization of $812.65, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.44 and a beta of 1.06.
Flushing Financial announced that its board has approved a stock buyback program on Tuesday, February 27th that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the bank to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.80%. The ex-dividend date is Thursday, March 8th. This is a positive change from Flushing Financial’s previous quarterly dividend of $0.18. Flushing Financial’s dividend payout ratio is currently 56.34%.
In other Flushing Financial news, Director Donna M. Obrien sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $27.73, for a total value of $166,380.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.86% of the company’s stock.
About Flushing Financial
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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