Flushing Financial (FFIC)
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FFIC Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Flushing Financial Corp. is Fair to Shareholders
Businesswire· 2025-12-30 11:05
Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the sale of Flushing Financial Corp. to OceanFirst Financial Corp. for 0.85 shares of OceanFirst common stock for each share of Flushing common stock [1] Company Summary - The transaction involves Flushing Financial Corp. (NASDAQ: FFIC) being sold to OceanFirst Financial Corp. [1] - The exchange ratio for the sale is set at 0.85 of a share of OceanFirst common stock for each share of Flushing common stock [1] Legal Rights and Options - Halper Sadeh encourages Flushing shareholders to explore their legal rights and options regarding the sale [1] - Shareholders can contact Daniel Sadeh or Zachary Halper for more information [1]
OceanFirst Financial Corp. and Flushing Financial Corporation Announce Merger Agreement and $225 Million Strategic Investment from Warburg Pincus
Globenewswire· 2025-12-30 00:16
Core Viewpoint - OceanFirst Financial Corp. and Flushing Financial Corp. have entered into a definitive merger agreement to combine in an all-stock transaction valued at $579 million, creating a high-performing regional bank with a significant presence in New Jersey, Long Island, and New York markets [1][3]. Transaction Details - The merger will result in Flushing Bank merging into OceanFirst Bank, with OceanFirst Bank as the surviving entity [1][10]. - Flushing stockholders will receive 0.85 shares of OceanFirst common stock for each share of Flushing common stock [10]. - The transaction is expected to close in the second quarter of 2026, pending regulatory approvals and shareholder votes [12]. Financial Metrics - The combined company is projected to have approximately $23 billion in assets, $17 billion in total loans, and $18 billion in total deposits across 71 retail branches [3]. - The merger is expected to enhance profitability metrics, with estimated EPS accretion of 16%, ROATCE of 13%, and ROAA of 1.00% by 2027 [8][9]. - A $225 million equity raise is fully committed at a fixed price, with shares priced at $19.76 [4][11]. Leadership and Governance - Christopher Maher, CEO of OceanFirst, will continue as CEO of the combined company, while John Buran, CEO of Flushing, will become the non-executive Chairman of the Board [6]. - The board will consist of 17 directors, with ten from OceanFirst, six from Flushing, and one from Warburg Pincus [6]. Strategic Rationale - The acquisition is seen as a natural extension of OceanFirst's growth strategy, enhancing its presence in deposit-rich markets of New York [3][6]. - The combination aims to leverage Flushing's distribution network and OceanFirst's relationship-driven business model to better serve customers and create shareholder value [6][7].
OceanFirst Financial Corp. and Flushing Financial Corporation Announce Merger Agreement and $225 Million Strategic Investment from Warburg Pincus
Accessnewswire· 2025-12-29 23:45
Core Viewpoint - OceanFirst Financial Corp. and Flushing Financial Corp. have entered into a definitive merger agreement to create a regional bank with $23 billion in assets, enhancing profitability metrics significantly by 2027 [1] Group 1: Merger Details - The merger will be an all-stock transaction between OceanFirst and Flushing Financial [1] - The combined entity will be strategically located in attractive markets including New Jersey, Long Island, and New York [1] Group 2: Financial Impact - The merger is expected to enhance profitability metrics with an estimated EPS accretion of 16% [1] - Projected financial metrics include a ROATCE of 13% and a ROAA of 1.00% by 2027 [1] Group 3: Capital Raise - A $225 million equity raise has been fully committed at a fixed price after extensive due diligence by Warburg Pincus [1]
Flushing Financial (FFIC) is a Great Momentum Stock: Should You Buy?
ZACKS· 2025-12-26 18:01
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: Flushing Financial (FFIC) - Flushing Financial currently holds a Momentum Style Score of B, indicating a favorable momentum outlook [3] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [4] Performance Metrics - Over the past week, FFIC shares increased by 1.52%, while the Zacks Financial - Savings and Loan industry experienced a decline of 0.15% [6] - In the last month, FFIC's price change was 5.34%, outperforming the industry's 3.35% [6] - Over the past quarter, FFIC shares rose by 26.08%, and over the last year, they increased by 18.75%, compared to the S&P 500's gains of 5.23% and 16.06%, respectively [7] Trading Volume - FFIC's average 20-day trading volume is 293,707 shares, which serves as a baseline for price-to-volume analysis [8] Earnings Outlook - In the last two months, two earnings estimates for FFIC have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $1.16 to $1.24 [10] - For the next fiscal year, two estimates have also moved upwards without any downward revisions [10] Conclusion - Given the positive momentum indicators and earnings outlook, FFIC is positioned as a strong buy candidate for investors seeking short-term opportunities [12]
Flushing Bank Expands Presence in Chinatown with Opening of New Branch
Accessnewswire· 2025-12-23 14:00
Core Viewpoint - Flushing Financial Corporation has opened a new full-service branch in Chinatown, New York, reinforcing its commitment to the Asian community [1] Group 1: Company Developments - The new branch is located at 5 Chatham Square, New York, NY [1] - This marks the second branch opened by the Bank in Chinatown, highlighting its longstanding relationship with the community [1]
Flushing Financial Corporation To Host Fourth Quarter and Full Year 2025 Earnings Conference Call
Accessnewswire· 2025-12-17 15:00
Core Viewpoint - Flushing Financial Corporation will announce its fourth quarter and full year 2025 earnings on January 27, 2026, after market close [1] Group 1 - Flushing Financial Corporation is the parent holding company for Flushing Bank [1] - The announcement will be made by John R. Buran, President and Chief Executive Officer, and Susan K. [1]
Best Income Stocks to Buy for Dec. 16
ZACKS· 2025-12-16 11:06
Core Insights - Three stocks are highlighted with a buy rank and strong income characteristics for investors to consider on December 16 Group 1: Flushing Financial Corporation (FFIC) - Flushing Financial Corporation is a bank holding company for Flushing Bank with a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for its current year earnings has increased nearly 6% over the last 60 days [1] - The company has a dividend yield of 5.2%, significantly higher than the industry average of 2.8% [1] Group 2: TIM S.A. (TIMB) - TIM S.A. is a telecommunications company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 7.6% over the last 60 days [2] - The company offers a dividend yield of 4.4%, compared to the industry average of 2.6% [2] Group 3: TriNet Group, Inc. (TNET) - TriNet Group, Inc. is a human capital management services company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 8.7% over the last 60 days [2] - The company has a dividend yield of 1.9%, which is higher than the industry average of 0.0% [3]
Flushing Financial declares $0.22 dividend (NASDAQ:FFIC)
Seeking Alpha· 2025-11-24 14:09
Group 1 - The article does not provide any specific content or key points related to a company or industry [1]
Flushing Financial Corporation Declares Quarterly Dividend of $0.22 Per Share
Accessnewswire· 2025-11-24 14:00
Core Points - Flushing Financial Corporation declared a quarterly dividend of $0.22 per common share, payable on December 19, 2025 [1] - This dividend is for shareholders of record at the close of business on December 5, 2025 [1] - The company has paid dividends consecutively since 1996, marking the 118th consecutive quarterly dividend payment [1]
Flushing Bank to Be Honored with the Bridge Builder Award at the 2025 Chinatown Partnership and Chinatown BID Gala
Accessnewswire· 2025-11-19 17:45
Core Insights - Flushing Bank has been recognized as a distinguished honoree at the annual gala organized by Chinatown Partnership and the Chinatown Business Improvement District (BID) [1] - The bank will receive the Bridge Builder Award, which honors organizations that show exceptional commitment to fostering connections and investing in their communities [1] Company Recognition - Flushing Bank is being honored for its efforts in building bridges and fostering community connections [1] - The award highlights the bank's commitment to cross-boundary initiatives and community investment [1]