Core Viewpoint - Flushing Financial (FFIC) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Earnings Estimate Revisions - Analysts are optimistic about Flushing Financial's earnings prospects, leading to upward revisions in estimates, which are expected to positively impact the stock price [2]. - The Zacks Rank system indicates a strong correlation between earnings estimate revisions and stock price movements, with Flushing Financial benefiting from this trend [2][3]. Current-Quarter Estimates - For the current quarter, Flushing Financial is projected to earn $0.21 per share, reflecting a year-over-year decline of 16% [4]. - The Zacks Consensus Estimate for the current quarter has increased by 17.07% over the last 30 days, with one estimate moving higher and no negative revisions [4]. Current-Year Estimates - The full-year earnings estimate stands at $0.78 per share, representing an 18.75% decrease from the previous year [5]. - Recent trends show two upward revisions for the current year, resulting in an 8.78% increase in the consensus estimate [5]. Zacks Rank - Flushing Financial has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, indicating strong potential for outperformance [6]. - Stocks with a Zacks Rank 1 and 2 are shown to significantly outperform the S&P 500 [6]. Investment Outlook - The stock has risen 5.4% over the past four weeks due to strong estimate revisions, suggesting further upside potential [7]. - Investors may consider adding Flushing Financial to their portfolios based on its positive outlook [7].

Core Viewpoint - Flushing Financial (FFIC) has experienced a downtrend, losing 16.7% over the past four weeks, but a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, with selling pressure likely subsiding, which could lead to a bullish trend for the stock [2][4]. - A hammer pattern forms when there is a small candle body with a long lower wick, signaling that bears may be losing control over the price [3][4]. - This pattern can occur across various timeframes and is utilized by both short-term and long-term investors [4]. Fundamental Analysis - There has been a significant upward trend in earnings estimate revisions for FFIC, with a 14.6% increase in the consensus EPS estimate for the current year over the last 30 days, indicating analysts expect better earnings than previously predicted [6][7]. - FFIC holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [8]. - The Zacks Rank serves as a timing indicator, suggesting that the company's prospects are beginning to improve, further supporting the case for a trend reversal [8].

Group 1 - Flushing Financial (FFIC) has experienced a significant decline of 18.9% over the past four weeks, but it is now in oversold territory, indicating a potential for trend reversal [1] - The Relative Strength Index (RSI) for FFIC is currently at 28.68, suggesting that the heavy selling pressure may be exhausting, which could lead to a price rebound [4] - There is a strong consensus among Wall Street analysts that FFIC will report better earnings than previously predicted, with a 0.4% increase in the consensus EPS estimate over the last 30 days [5] Group 2 - FFIC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [5]

Core Viewpoint - Flushing Financial (FFIC) has experienced a significant decline of 21.2% over the past four weeks, but it is now positioned for a potential trend reversal as it is in oversold territory, with analysts predicting better earnings than previously expected [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is a momentum oscillator that helps identify whether a stock is oversold, with readings below 30 indicating oversold conditions [2]. - FFIC's current RSI reading is 20.93, suggesting that the heavy selling may be exhausting, indicating a potential bounce back towards equilibrium in supply and demand [3]. Group 2: Fundamental Analysis - There is strong consensus among sell-side analysts that earnings estimates for FFIC have increased by 0.4% over the last 30 days, which typically correlates with price appreciation [6]. - FFIC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a near-term turnaround [6].

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 buildings, moves that would generate a loss and necessitate the sale of fresh stock, people with knowledge of the deal told CNBC.Bankers working on the deal have yet to finalize pricing, but it will likel ...

Earnings of Flushing Financial Corporation (NASDAQ: FFIC ) will likely recover next year as maturing deposits and loans will help lift the margin. Low loan growth will also lend support to the bottom line. Overall, I’m expecting earnings to drop by 19% to $0.79Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I a ...

Core Viewpoint - Flushing Financial (FFIC) shows a promising investment opportunity due to its improving earnings outlook and analysts raising earnings estimates [1][2]. Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding Flushing Financial's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, the earnings estimate is $0.22 per share, reflecting a 12% decrease from the previous year, but the consensus estimate has increased by 7.5% over the last 30 days [4]. - For the full year, the expected earnings are $0.75 per share, representing a year-over-year decline of 21.88%, yet there has been a positive trend with a 5.16% increase in the consensus estimate due to upward revisions [5]. Zacks Rank - Flushing Financial currently holds a Zacks Rank 2 (Buy), indicating strong agreement among analysts in revising earnings estimates upward, which historically correlates with stock performance [6]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have shown significant outperformance compared to the S&P 500 [6]. Stock Performance - The stock has appreciated by 16.6% over the past four weeks due to strong estimate revisions, suggesting potential for further upside [7].

Financial Data and Key Metrics Changes - The company recorded GAAP earnings per share of $0.30 and core earnings of $0.26, marking the best quarter in the past seven [5] - Net interest income increased by 6.6% quarter-over-quarter, with the net interest margin (NIM) increasing by five basis points [5][13] - The cost of deposits increased by 17 basis points in the quarter, but it is believed to have peaked in July [12][13] Business Line Data and Key Metrics Changes - The net interest margin compressed in July but expanded month-over-month in both August and September [6] - Non-performing assets to total assets stood at 59 basis points, with a low level of criticized classified loans at 100 basis points [6][9] - The average loan-to-value in the real estate portfolio is less than 36%, indicating a well-collateralized loan portfolio [6] Market Data and Key Metrics Changes - Average deposits increased by 9% year-over-year and 4% quarter-over-quarter [12] - The Asian markets account for about a third of the branches, with approximately $1.3 billion of deposits and $744 million of loans [17] - The company holds a 3% market share in a $40 billion market, indicating substantial room for growth [17] Company Strategy and Development Direction - The company aims to increase the net interest margin and reduce volatility, maintain credit discipline, preserve strong liquidity and capital, and bend the expense curve [5][6][20] - The strategic decision to invest in the business includes adding personnel and branches to improve long-term profitability [20] - The company is focused on community involvement to strengthen ties with the customer base, which is seen as a key part of the strategy [18] Management's Comments on Operating Environment and Future Outlook - The operating environment is improving but remains challenging, with expectations for the net interest margin to improve over time as the yield curve flattens [4][19] - Management is optimistic about the long-term outlook and believes that beneficial items from the quarter are not expected to repeat [6][20] - The company expects stable loan balances and a continued emphasis on improving the funding mix [19] Other Important Information - The company sold approximately $50 million in investment securities at the end of the quarter [20] - The effective tax rate for 2024 is expected to be in the mid-20s [20] - The company has a low risk balance sheet with years of conservative underwriting, resulting in favorable credit losses and non-performing assets compared to the industry [12] Q&A Session Summary Question: Inquiry about the $50 million securities sold - The securities sold were adjustable rate CLOs with minimal gain as loan growth increased [22] Question: Clarification on the margin improvement since July - The September margin was reported at 228 basis points, but excluding a large recovery, it would have been 210 basis points [23] Question: Charge-off details for the quarter - The charge-off was related to a C&I loan that had been fully reserved in prior quarters [24] Question: Future margin expectations with potential Fed cuts - The company anticipates that a positively sloped yield curve could increase net interest income significantly over the next two years [25] Question: Target for return on tangible common equity (ROTCE) - The company aims for a target ROTCE of 10%, which would require a margin of approximately 270 basis points [29] Question: Update on office non-performing loans - The non-performing loan has a low loan-to-value ratio and is expected to be resolved with no loss [34] Question: Outlook for multifamily loans and upcoming maturities - The company is actively managing potential delinquencies and is confident in the performance of its multifamily loans [38] Question: Sensitivity of near-term NIM guidance to Fed cuts - The company indicated that various factors, including competitive pressures, would influence NIM guidance [40]

For the quarter ended September 2024, Flushing Financial (FFIC) reported revenue of $51.88 million, up 8.3% over the same period last year. EPS came in at $0.26, compared to $0.31 in the year-ago quarter.The reported revenue represents a surprise of +9.34% over the Zacks Consensus Estimate of $47.45 million. With the consensus EPS estimate being $0.18, the EPS surprise was +44.44%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to det ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 44.44%. A quarter ago, it was expected that this holding company for Flushing Bank would post earnings of $0.18 per share when it actually produced earnings of $0.18, delivering no surprise.Over the last four qu ...