Flushing Financial Corporation (NASDAQ:FFIC) spotted trading -54.02% off 52-week high price. On the other end, the stock has been noted 20.54% away from the low price over the last 52-weeks. The stock changed -4.47% to recent value of $10.68. The stock transacted 390650 shares during most recent day however it has an average volume of 104.34K shares. The company has 31.50M of outstanding shares and 26.98M shares were floated in the market.
On March 20, 2020, Flushing Financial Corporation (NASDAQ:FFIC) the parent holding company for Flushing Bank, disclosed its plan to support its customers impacted by the spread of the coronavirus. The initiatives are designed to relieve some of the pressures created by recent events on customers who may be affected by loss of work or loss of business revenue.
These are unprecedented and fluid circumstances that we are dealing with as a world, a nation, and a community. We are already seeing the far-reaching impact of the coronavirus on our employees, along with the individuals, families, and communities we serve, said John R. Buran President and CEO of Flushing Bank. Management remains actively engaged in guiding the Company through these unprecedented events. As a community bank, it is our job to partner with our communities and provide support when it is needed most. In addition to offering our full line of products and services, we have implemented initiatives to mitigate the impact of the coronavirus on our ability to conduct business and service our customers. We have recently enhanced our online and mobile banking services for consumers and small businesses so they can access their account information when, where, and how they choose. Our 24-hour ATMs and Video Banker services are available at all of our branches. And, as a preferred SBA Lender, we can also implement any emergency plans enacted by the U.S. Government.
To protect the health and safety of our employees, customers, and communities we have implemented a social distancing policy across all locations, restricted in-person meetings and have instituted a plan to have employees work from home. Additionally, we have reduced some branch hours and have currently closed three branches to allocate our resources as efficiently as possible. This is an extremely fluid situation; therefore, we will review our plan on a regular basis to ensure we are meeting the needs of our customers. We will make additional announcements about the effects of the coronavirus on our business as appropriate.
Its earnings per share (EPS) expected to touch remained -25.10% for this year while earning per share for the next 5-years is expected to reach at 8.70%. FFIC has an operating margin of 57.10% while its profit margin remained 14.80% for the last 12 months.
The price moved ahead of -36.16% from the mean of 20 days, -43.94% from mean of 50 days SMA and performed -47.79% from mean of 200 days price. Company’s performance for the week was -27.74%, -47.34% for month and YTD performance remained -50.57%.
Eugene Harris joined us after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. Eugene earned bachelor degree from Union College with a focus in Business Administration. Eugene is the Senior Editor and market movers section. He also holds an MBA from Penn State University He has two daughter and two children.
Email Contact – [email protected]
Address – 797 Paradise Crescent, Hauterive, Quebec
Zip Code – G5C 1M1
Phone Number – 418-920-9491