Flushing Financial Corp. (NASDAQ: FFIC)’s stock price has dropped by -8.03 in relation to previous closing price of 12.08. Nevertheless, the company has seen a loss of -7.95% in its stock price over the last five trading days. Accesswire reported 2024-03-21 that UNIONDALE, NY / ACCESSWIRE / March 21, 2024 / Flushing Financial Corporation (the “Company”) (Nasdaq-GS:FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that it will release its first quarter 2024 earnings after the market closes on April 23, 2024. John R. Buran, President and Chief Executive Officer, and Susan K.
Is It Worth Investing in Flushing Financial Corp. (NASDAQ: FFIC) Right Now?
Flushing Financial Corp. (NASDAQ: FFIC) has a price-to-earnings ratio of 10.61x that is above its average ratio. Additionally, the 36-month beta value for FFIC is 0.74. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for FFIC is 27.24M and currently, short sellers hold a 3.04% ratio of that float. The average trading volume of FFIC on April 11, 2024 was 209.83K shares.
FFIC’s Market Performance
FFIC’s stock has seen a -7.95% decrease for the week, with a -14.08% drop in the past month and a -31.04% fall in the past quarter. The volatility ratio for the week is 3.66%, and the volatility levels for the past 30 days are at 3.59% for Flushing Financial Corp. The simple moving average for the past 20 days is -8.32% for FFIC’s stock, with a -20.14% simple moving average for the past 200 days.
Analysts’ Opinion of FFIC
Many brokerage firms have already submitted their reports for FFIC stocks, with Raymond James repeating the rating for FFIC by listing it as a “Outperform.” The predicted price for FFIC in the upcoming period, according to Raymond James is $17 based on the research report published on August 31, 2023 of the previous year 2023.
Keefe Bruyette gave a rating of “Underperform” to FFIC, setting the target price at $19 in the report published on November 04th of the previous year.
FFIC Trading at -14.88% from the 50-Day Moving Average
After a stumble in the market that brought FFIC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -38.28% of loss for the given period.
Volatility was left at 3.59%, however, over the last 30 days, the volatility rate increased by 3.66%, as shares sank -11.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -36.55% lower at present.
During the last 5 trading sessions, FFIC fell by -7.95%, which changed the moving average for the period of 200-days by -15.58% in comparison to the 20-day moving average, which settled at $12.04. In addition, Flushing Financial Corp. saw -32.58% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FFIC starting from KORZEKWINSKI FRANCIS W, who sale 4,851 shares at the price of $13.04 back on Feb 29 ’24. After this action, KORZEKWINSKI FRANCIS W now owns 68,642 shares of Flushing Financial Corp., valued at $63,257 using the latest closing price.
KORZEKWINSKI FRANCIS W, the Sr. EVP of Flushing Financial Corp., sale 7,649 shares at $12.61 during a trade that took place back on Feb 28 ’24, which means that KORZEKWINSKI FRANCIS W is holding 73,493 shares at $96,454 based on the most recent closing price.
Stock Fundamentals for FFIC
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.93 for the gross margin
The net margin for Flushing Financial Corp. stands at 0.11. The total capital return value is set at 0.02. Equity return is now at value 4.65, with 0.37 for asset returns.
Based on Flushing Financial Corp. (FFIC), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 1.27. The interest coverage ratio of the stock is 0.23.
Currently, EBITDA for the company is 5.96 million with net debt to EBITDA at 16.69. When we switch over and look at the enterprise to sales, we see a ratio of 4.09. The receivables turnover for the company is 4.47for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.03.
Conclusion
In conclusion, Flushing Financial Corp. (FFIC) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
