This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Raymond James Slashes Banks Ahead of Summer of Doom

Flushing Financial Corp.
Polini lowered his rating for Flushing Financial Corp. (FFIC - Get Report) of Lake Success, N.Y. to "Market Perform" from "Outperform," while leaving his 2012 EPS estimate unchanged at $1.10, and lowering his 2013 EPS estimate to $1.10 from $1.16.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Flushing Financial Corp's shares closed at $12.57 Tuesday, returning 1% year-to-date, after declining 6% during 2011. The shares trade just below their reported March 31 tangible book value of $13.16, and 11 times the consensus 2013 earnings estimate of $1.19. The consensus 2012 EPS estimate is $1.09.

Based on a 13-cent quarterly payout, Flushing Financial Corp.'s shares have a 4.14%. The dividend payout ratio was 57%, based on the company's first-quarter earnings of 23 cents a share.

Polini said that "despite strong fundamentals, the visibility for EPS growth is below average due to the challenging macroeconomic backdrop."

Interested in more on Flushing Financial Corp.? See TheStreet Ratings' report card for this stock.
4 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
C $44.66 -2.00%
FFIC $19.67 -0.15%
JPM $61.57 -1.58%
IBKC $56.82 -1.75%
VLY $9.15 -0.54%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs