Flushing Financial: Downgrading To Hold Despite A 5%+ Dividend Yield

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 ...