After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Flushing Financial Corporation (FFIC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.51, or 3.46%, to $15.25. The Flushing Financial Corporation has recorded 8,958 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Flushing Bank Proudly Announces It Has Successfully Secured Two Grants From The Federal Home Loan Bank of New York’s Affordable Home Program.
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Stocks Info
As a NASDAQ listed company, FFIC falls under the Financial sector while operating within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $14.74 and fluctuated between $14.94 as its day high and $14.32 as its day low. The current market capitalization of Flushing Financial Corporation is $409.03M. A total of 0.11 million shares were traded on the day, compared to an average of 128.82K shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, FFIC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 27 BUYs and 37 SELLs from insiders. Insiders purchased 139,643 shares during that period but sold 45,736.
In the most recent transaction, GRASSI LOUIS C bought 2,000 shares of FFIC for 15.07 per share on Mar 15. After the transaction, the Director now owns 108,821 company shares. In a previous transaction on Feb 24, KORZEKWINSKI FRANCIS W sold 7,136 shares at 19.49 per share. FFIC shares that Sr. Executive Vice President owns now total 73,075.
Among the insiders who sold shares, Kelly Theresa disposed of 2,000 shares on Nov 16 at a per-share price of $20.82. This resulted in the Executive Vice President holding 37,997 shares of FFIC after the transaction.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Flushing Financial Corporation pays an annual dividend of $0.88, resulting in a dividend yield of 5.97%, and it has a price to earnings (P/E) ratio of 9.46. FFIC’s most recent ex-dividend date was 9/7/2023 when it declared a $0.22 quarterly dividend that was paid in cash on 9/29/2023. Previously, the company paid the dividend on 6/23/2023 with an ex-dividend date of 6/1/2023. The FFIC stock dividend was $0.22 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for FFIC in the last 3 months, the mean price target is $16.13 with high estimates of $17.50 and low estimates of $14.00. In terms of 52-week highs and lows, FFIC has a high of $21.55 and a low of $9.28.
As of this writing, FFIC has an earnings estimate of $0.24 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.26 per share and a lower estimate of $0.21. The company reported an EPS of $0.17 in the last quarter, which was -46.90% lower than expectations of $0.32.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $22.31, while its Total Shareholder’s Equity was $679.63M.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FFIC is Buy with a score of 3.75.
