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FFIC - Flushing Financial: Dividend Yield Of Over 6% Earnings Likely To Recover
Flushing Financial Corporation
2024-06-30 13:28:18 ET
Summary
Loan growth will improve after the first quarter’s dismal performance. New York’s recent economic recovery will likely drive loan growth.
The net interest margin will most probably stabilize soon as deposit migration will wane.
FFIC is offering an attractive dividend yield of 6.7%. There is a risk of a dividend cut. However, most probably FFIC will ride out 2024 without any dividend cuts.
The December 2024 target price suggests a 10.6% price upsidefrom the current market price.