Flushing Financial Corporation (NASDAQ:FFIC) is set to announce third quarter earning results on Tuesday 27th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, FFIC to report 3Q20 income of $ 0.38 per share.
For the full year, analysts anticipate top line of $ 204.50 million, while looking forward to income of $ 1.37 per share bottom line.
Previous Quarter Performance
Flushing Financial Corporation reported income for the second quarter of $ 0.36 per share, from the revenue of $ 62.45 million. The quarterly earnings dropped 14.29 percent compared with the same quarter last year. Wall street analysts are predicting, FFIC to report 2Q20 income of $ 0.24 per share from revenue of $ 44.74 million. The bottom line results beat street analysts by $ 0.12 or 50.00 percent, at the same time, top line results outshined analysts by $ 17.71 million or 39.58 percent.
Stock Performance
Shares of Flushing Financial Corporation traded up $ 0.07 or 0.57 percent on Friday, reaching $ 12.37 with volume of 72.50 thousand shares. Flushing Financial Corporation has traded high as $ 12.59 and has cracked $ 12.18 on the downward trend
According to the previous trading day, closing price of $ 12.37, representing a 38.83 % increase from the 52 week low of $ 8.86 and a 46.45 % decrease over the 52 week high of $ 22.97.
The company has a market capital of $ 349.06 million and is part of the Financial Services sector and Banks – Regional – US industry.
Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. It offers various deposit products, including checking and savings accounts, money market accounts, demand accounts, NOW accounts, and certificates of deposit. The company also provides mortgage loans secured by multi-family residential, commercial real estate, one-to-four family mixed-use property, one-to-four family residential property, and commercial business loans; construction loans; small business administration loans and other small business loans; mortgage loan surrogates, such as mortgage-backed securities; and consumer loans, including overdraft lines of credit, as well as the United States government securities, corporate fixed-income securities, and other marketable securities.
