Flushing Financial Corporation (FFIC)

Over the past six months, Flushing Financial Corp.'s stock price has declined by 10.78%. Key events include earnings reports with increased GAAP earnings per share and core EPS, quarterly dividends of $0.22 per share declared on May 28, 2025, and August 19, 2025, and a common stock offering intended for general corporate purposes. Insiders have engaged in sales, and a prominent investor urged the company to sell itself due to concerns over its performance. The stock has not experienced significant price volatility in the past three months compared to the US market, and its weekly volatility has remained stable over the past year.

The banking industry, including Flushing Financial Corp., typically experiences seasonality in loan demand, with lower demand in January and February, increasing from March and peaking in August or September, before decreasing again until December. This pattern is influenced by changes in interest rates.

Flushing Financial Corp. operates as a regional bank, attracting retail deposits and investing in loan products such as checking and savings accounts, mortgage loans, commercial business loans, and consumer loans. It also invests in mortgage-backed securities and fixed-income securities, extending its reach nationwide through online banking divisions iGObanking.com and BankPurely.

Flushing Financial Corp. primarily serves the New York metropolitan area with full-service banking offices in Queens, Nassau, Suffolk, Kings, and New York counties. It also fosters relationships with consumers nationwide through its online banking division, iGObanking.com and BankPurely.

Flushing Financial Corp. has undertaken initiatives to positively impact its brand reputation, such as opening a new branch in Jackson Heights, Queens, and emphasizing its community-based approach. However, the company's reputation has also faced challenges, with a prominent investor publicly criticizing its performance and urging a sale of the company.

Flushing Financial Corp. is predominantly owned by institutional shareholders, who hold 72.84% of the company's stock. Insiders own 12.62%, and retail investors hold 14.54%. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, and Dimensional Fund Advisors Lp. The largest individual shareholder is Michael J. Russo, who owns 1.52% of the company.