Extremely significant negative changes in Flushing Financial Corp (NASDAQ: FFIC) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Recent modest negative changes in fundamentals have affected Flushing Financial Corp (NASDAQ: FFIC). Negative developments: the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 (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 79 but a poor Power Rating of 18, with the Neutral Value Trend Rating the result.
Recent Price Action
Flushing Financial Corp (NASDAQ: FFIC) stock closed at $12.94 on 8/9/24 after an increase of 1.8%. Moreover, above average trading volume at 122% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months and has declined -6.9% during the last week.
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