Flushing Financial Corporation (FFIC) saw its stock price decline by 4.74% on December 18, 2024, closing at $14.27, down from the previous day's close of $14.98. The stock opened at $15.15 and reached a high of $15.29 before dropping to a low of $14.04. The trading volume was significantly higher than usual, at 723,132 shares, more than three times the average daily volume. This decline was largely driven b
Flushing Financial Corporation (FFIC) shares are experiencing a decline today, largely influenced by broader market movements following the Federal Reserve's recent interest rate decision. On December 18th, the Fed announced a quarter-point rate cut, bringing the target range to 4.25%-4.50%. However, the central bank's projections indicated a slower pace of future rate cuts, which has unsettled investors. T
Flushing Financial Corporation's stock is experiencing a significant decline following the announcement of a public offering of 4.59 million shares priced at $15.25 each. The offering, managed by Keefe Bruyette & Woods, Piper Sandler, and Raymond James & Associates, aims to raise $70 million in gross proceeds. The company plans to use the funds to bolster its capital ratios and potentially reposition its av
Flushing Financial Corporation is experiencing after-hours movement following news that the company is seeking to raise $70 million to bolster its capital reserves. The New York-based commercial real estate lender plans to sell low-yielding bonds and loans backed by commercial real estate, including multifamily building loans. This move is expected to generate a loss and necessitate the sale of fresh stock.
Flushing Financial Corporation's stock is experiencing a decline in after-hours trading following the Consumer Financial Protection Bureau's (CFPB) finalization of a rule capping overdraft fees at $5 per instance. This new regulation affects banks and credit unions with assets exceeding $10 billion, potentially impacting revenue streams for financial institutions like Flushing Financial. The rule's implemen
Flushing Financial Corporation's stock is experiencing a decline in after-hours trading following the announcement of a $70 million common stock offering. The company revealed plans to issue additional shares, with an option for underwriters to purchase up to an additional $10.5 million worth of stock. This move is intended to bolster the bank's capital ratios and support potential repositioning of its secu
Flushing Financial Corporation (FFIC) shares are experiencing a decline today, which appears to be influenced by broader market trends rather than company-specific news. The overall market is reacting to a hotter-than-expected producer price index (PPI) reading for November, which showed a 0.4% increase, surpassing the anticipated 0.2% rise. This unexpected inflation data has led to a pullback in major indi