Flushing Financial Co. (NASDAQ:FFIC) announced a quarterly dividend on Tuesday, August 28th, NASDAQ reports. Stockholders of record on Monday, September 10th will be given a dividend of 0.20 per share by the bank on Friday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, September 7th.
Flushing Financial has raised its dividend payment by an average of 6.3% annually over the last three years and has increased its dividend every year for the last 4 years. Flushing Financial has a payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Flushing Financial to earn $1.94 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 41.2%.
NASDAQ:FFIC opened at $26.10 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. The stock has a market cap of $733.42 million, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.24 and a beta of 0.92. Flushing Financial has a one year low of $24.59 and a one year high of $31.45.
Flushing Financial (NASDAQ:FFIC) last released its quarterly earnings results on Tuesday, July 24th. The bank reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. Flushing Financial had a net margin of 16.32% and a return on equity of 8.45%. The business had revenue of $45.81 million for the quarter, compared to analysts’ expectations of $45.10 million. equities analysts predict that Flushing Financial will post 1.86 earnings per share for the current fiscal year.
FFIC has been the topic of a number of research analyst reports. Sandler O’Neill reiterated a “buy” rating and issued a $30.00 target price on shares of Flushing Financial in a research note on Thursday, July 26th. Zacks Investment Research cut shares of Flushing Financial from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 16th. BidaskClub cut shares of Flushing Financial from a “hold” rating to a “sell” rating in a research note on Friday, July 27th. ValuEngine cut shares of Flushing Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $26.50 target price on shares of Flushing Financial in a research note on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Flushing Financial has a consensus rating of “Hold” and an average target price of $29.10.
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. The company offers various deposit products, including checking and savings accounts, money market accounts, demand accounts, NOW accounts, and certificates of deposit.
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