Flushing Financial Corp (NASDAQ: FFIC) has reported E.P.S. of $0.18 for its second fiscal quarter (ending June 30) versus $0.29 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $0.83 compared to $1.52 a year ago.
Recent Price Action
On 7/29/24, Flushing Financial Corp (NASDAQ: FFIC) stock declined by -2.5%, closing at $16.26. However, below average trading volume at 78% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months but has risen 7.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FFIC is expected to continue to be a modest Value Builder.
Flushing Financial has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Flushing Financial has a good Appreciation Score of 71 but a poor Power Rating of 17, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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