Flushing Financial (FFIC) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Flushing Financial (FFIC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Flushing Financial (FFIC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Flushing Financial, a New York-based commercial real estate lender, is seeking to raise $70 million to shore up its capital, CNBC has learned. The bank's CEO, John Buran, has told potential investors that he intends to sell low-yielding bonds and loans backed by commercial real estate, including multifamily building loans, moves that would generate a loss and necessitate the sale of fresh stock, people with knowledge of the deal told CNBC.
The upcoming reinvestment of low-yielding loans and the rolling over of high-cost deposits will boost the net interest margin. Loan growth will likely remain weak due to New York's economy. FFIC is offering a dividend yield of 5.4%. Although the implied payout ratio is quite high at 85%, I don't think the company will cut its dividend.
MCO, LUV and FFIC made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 31, 2024.
FFIC, LUV and HRB made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 31, 2024.
Flushing Financial (FFIC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
TriNet Group, Inc. (TNET) Q3 2024 Earnings Conference Call October 25, 2024 11:00 AM ET Company Participants John Buran - President and CEO Susan Cullen - Senior EVP, CFO and Treasurer Conference Call Participants Steve Moss - Raymond James Mark Fitzgibbon - Piper Sandler Christopher O'Connell - KBW Manuel Navas - D.A. Davidson Operator Welcome to Flushing Financial Corporation's Third Quarter 2024 Earnings Conference Call.
The headline numbers for Flushing Financial (FFIC) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Flushing Financial (FFIC) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.31 per share a year ago.
Flushing Financial (FFIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.