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.
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Flushing Financial: Dividend Yield Of Over 6%, Earnings Likely To Recover