Flushing Financial Co. (NASDAQ:FFIC)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $23.30 and last traded at $23.18, with a volume of 587 shares changing hands. The stock had previously closed at $23.85.

Several equities analysts have commented on FFIC shares. BidaskClub lowered shares of Flushing Financial from a “hold” rating to a “sell” rating in a report on Friday, September 21st. Sandler O’Neill reissued a “buy” rating and issued a $30.00 target price on shares of Flushing Financial in a report on Thursday, July 26th. ValuEngine lowered shares of Flushing Financial from a “hold” rating to a “sell” rating in a report on Monday, September 24th. Finally, Zacks Investment Research lowered shares of Flushing Financial from a “hold” rating to a “sell” rating in a report on Friday, July 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Flushing Financial presently has a consensus rating of “Hold” and a consensus price target of $29.10.

The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.32. The firm has a market cap of $690.41 million, a P/E ratio of 14.13, a PEG ratio of 1.17 and a beta of 0.93.

Flushing Financial (NASDAQ:FFIC) last released its earnings results on Tuesday, July 24th. The bank reported $0.49 EPS for the quarter, beating 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 firm had revenue of $45.81 million for the quarter, compared to analyst estimates of $45.10 million. As a group, equities analysts anticipate that Flushing Financial Co. will post 1.86 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Monday, September 10th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Friday, September 7th. Flushing Financial’s dividend payout ratio (DPR) is presently 50.96%.

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Flushing Financial during the 2nd quarter valued at approximately $176,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of Flushing Financial during the 1st quarter valued at approximately $210,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Flushing Financial during the 1st quarter valued at approximately $272,000. Citadel Advisors LLC grew its holdings in shares of Flushing Financial by 70.0% during the 1st quarter. Citadel Advisors LLC now owns 12,405 shares of the bank’s stock valued at $334,000 after purchasing an additional 5,109 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Flushing Financial by 37.3% during the 1st quarter. Legal & General Group Plc now owns 14,357 shares of the bank’s stock valued at $387,000 after purchasing an additional 3,899 shares during the last quarter. 75.55% of the stock is currently owned by institutional investors.

Flushing Financial Company Profile (NASDAQ:FFIC)

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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