Flushing Financial Co. (NASDAQ:FFIC) declared a quarterly dividend on Wednesday, November 21st, Wall Street Journal reports. Investors of record on Friday, December 7th will be paid a dividend of 0.20 per share by the bank on Friday, December 28th. This represents a $0.80 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, December 6th.
Flushing Financial has raised its dividend by an average of 6.3% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Flushing Financial has a payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Flushing Financial to earn $1.68 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 47.6%.
Shares of FFIC stock opened at $23.37 on Friday. The firm has a market cap of $647.67 million, a P/E ratio of 13.37, a PEG ratio of 1.15 and a beta of 0.90. Flushing Financial has a 1 year low of $20.34 and a 1 year high of $29.81. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.21.
Several equities analysts recently issued reports on the company. BidaskClub raised Flushing Financial from a “sell” rating to a “hold” rating in a report on Friday, August 24th. Zacks Investment Research raised Flushing Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Finally, ValuEngine raised Flushing Financial from a “sell” rating to a “hold” rating in a research report on Friday, August 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.38.
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.
Recommended Story: Does the discount rate affect the economy?
Receive News & Ratings for Flushing Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flushing Financial and related companies with MarketBeat.com's FREE daily email newsletter.