May 26, 2022

Keep Your Eyes on Stock News: Flushing Financial Corporation (NASDAQ:FFIC)

Flushing Financial Corporation (NASDAQ:FFIC) stock identified change of 18.85% away from 52-week low price and recently located move of -54.67% off 52-week high price. It has market worth of $310.63M and dividend yield of 7.98%. FFIC stock has been recorded -39.26% away from 50 day moving average and -47.38% away from 200 day moving average. Moving closer, we can see that shares have been trading -21.59% off 20-day moving average.

On April 3, 2020, Flushing Financial Corporation (NASDAQ:FFIC) the parent holding company for Flushing Bank (the Bank), declared that it has established a temporary relief assistance program for its residential mortgage customers.

The assistance program applies to mortgage loans secured by 1-4 family owner-occupied residential dwellings. The assistance program is for first and second mortgages on properties in New York.  Borrowers who qualify will be eligible for a 90-day deferral. In addition to any relief assistance provided, the Bank has agreed not to assess late charges on all residential real estate loans effective April 1, 2020 and continuing until September 30, 2020.

These are unprecedented times and we recognize that some of our customers will need assistance to manage through this crisis.  We are confident that this relief program will provide the necessary assistance to enable our residential mortgage customers to get through this difficult time, said John R. Buran President and CEO of Flushing Bank. As a community bank, it is our job to partner with our customers and communities to provide support when it is needed most. The Financial sector company, Flushing Financial Corporation noticed change of -12.61% to $10.53 along volume of 150879 shares in recent session compared to an average volume of 116.75K. The stock observed return of -20.17% in 5 days trading activity. The stock was at -43.05% over one month performance. FFIC’s shares are at -50.70% for the quarter and driving a -53.14% return over the course of the past year and is now at -51.26% since this point in 2018.

The average volatility for the week at 9.41% and for month was at 13.37%. There are 29.50M shares outstanding and 26.98M shares are floated in market. Right now the stock beta is 0.99.

Shawn Harris is a Master’s in Business Administration by education. After completing his post-graduation, Shawn jumped the journalism bandwagon as a freelance journalist. Soon after that he landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor. As an avid day trader, Shawn is a master of technical analysis and writes tirelessly on how stocks are trading. He has extensive knowledge in technical analysis & news writing.