Raymond James Downgrades Flushing Financial to Market Perform
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 31 2025
0mins
Should l Buy FFIC?
Raymond James downgraded Flushing Financial (FFIC) to Market Perform from Outperform without a price target after the company agreed to be acquired by OceanFirst Financial (OCFC). The deal was done at a fair price given the earnings challenges Flushing has faced due to the challenging rate environment for the past several years, the analyst tells investors in a research note.
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Analyst Views on FFIC
Wall Street analysts forecast FFIC stock price to fall
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 15.770
Low
14.00
Averages
14.25
High
14.50
Current: 15.770
Low
14.00
Averages
14.25
High
14.50
About FFIC
Flushing Financial Corporation is the holding company for Flushing Bank (the Bank). The Bank offers the products, services, and conveniences associated with large commercial banks, including a full complement of deposit, loan, equipment finance, and cash management services. The Bank's principal business is attracting retail deposits from the general public and investing those deposits together with funds generated from ongoing operations and borrowings, primarily in originations and purchases of multi-family residential properties loans, commercial business loans, commercial real estate mortgage loans and, to a lesser extent, one-to-four family loans; construction loans; small business administration (SBA) loans; mortgage loan surrogates, such as mortgage-backed securities; and United States government securities, corporate fixed-income securities and other marketable securities. The Bank also operates an Internet branch that operates under the brands of iGObanking.com and BankPurely.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
OceanFirst and Flushing Merger Receives Shareholder Approval
- Shareholder Approval: OceanFirst Financial Corp. and Flushing Financial Corp. have received shareholder approvals for their merger, marking a significant step that is expected to enhance market competitiveness and expand their customer base.
- Regulatory Approvals: The New York State Department of Financial Services and the Office of the Comptroller of the Currency granted approvals on March 23 and April 6, 2026, respectively, ensuring the legality and compliance of the merger, thus facilitating a smoother transaction process.
- Merger Agreement Context: The merger is based on the Agreement and Plan of Merger signed on December 29, 2025, with OceanFirst acquiring Flushing through its wholly-owned subsidiary Apollo Merger Sub Corp., which is anticipated to strengthen the combined banks' capabilities.
- Future Outlook: The merger still requires final regulatory approval from the Federal Reserve, and despite facing some uncertainties, a successful merger is expected to provide both companies with greater market share and opportunities for resource integration.
See More
OceanFirst and Flushing Merger Receives Shareholder Approval
- Merger Agreement Approved: OceanFirst Financial Corp. and Flushing Financial Corp. received shareholder approval for their merger agreement on April 6, 2026, marking a significant step in the integration of the two banks in the financial services sector, which is expected to enhance market competitiveness.
- Regulatory Approvals Granted: The New York State Department of Financial Services and the Office of the Comptroller of the Currency granted approvals for the transaction on March 23 and April 6, 2026, respectively, ensuring that the merger process complies with regulatory requirements and enhancing the legitimacy and feasibility of the deal.
- Market Impact Analysis: The merger will increase OceanFirst's total assets to $14.6 billion, strengthening its market share in New Jersey and surrounding areas, and is expected to provide customers with more comprehensive financial services, thereby improving customer satisfaction.
- Future Outlook: Upon completion of the merger, OceanFirst and Flushing will jointly address market challenges, leveraging their respective strengths to drive business growth and achieve synergies, ultimately enhancing overall operational efficiency.
See More
Flushing Financial Declares Quarterly Dividend of $0.22
- Quarterly Dividend Declaration: Flushing Financial has declared a quarterly dividend of $0.22 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability, which is likely to attract more investor interest.
- Dividend Yield: The forward yield of 5.83% makes this dividend attractive in the current market environment, potentially enhancing the stock's appeal and boosting investor confidence.
- Record Date for Shareholders: The dividend will be payable on April 24, with a record date of April 10 and an ex-dividend date also set for April 10, providing shareholders with a clear timeline for investment decisions.
- M&A Developments: Flushing Financial is merging with OceanFirst Financial, which has raised $225 million from Warburg Pincus, a move that may further strengthen Flushing Financial's market position and financial stability.
See More
Investor Rights Law Firm Investigates Multiple Companies for Potential Violations
- Investigation Background: Halper Sadeh LLC is investigating companies such as ON24, Inc., European Wax Center, Inc., and Flushing Financial Corp. for potential violations of federal securities laws and breaches of fiduciary duties, which may impact shareholder rights.
- Transaction Details: ON24, Inc. is being sold to Cvent for $8.10 per share in cash, while European Wax Center, Inc. is selling to General Atlantic for $5.80 per share in cash, with terms that may limit superior competing offers.
- Shareholder Rights Protection: Halper Sadeh LLC encourages shareholders to contact them to discuss their rights and options at no cost, highlighting their commitment to protecting shareholder interests.
- Legal Service Commitment: The law firm promises to handle cases on a contingent fee basis, meaning shareholders will not incur any legal fees unless the case is successful, aiming to provide legal support and relief for defrauded investors.
See More
Investor Rights Law Firm Investigates Multiple Companies
- Investigation Background: Halper Sadeh LLC is investigating the transaction between Flushing Financial Corp. and OceanFirst Financial Corp., where Flushing shareholders would receive 0.85 shares of OceanFirst common stock per share, potentially impacting shareholder rights and options.
- Udemy and Coursera Merger: Udemy, Inc. is being sold to Coursera, Inc. for 0.800 shares of Coursera common stock per Udemy share, with Coursera shareholders expected to own approximately 59% of the combined entity, which may affect Udemy shareholders' interests.
- Burke & Herbert Merger: The merger between Burke & Herbert Financial Services Corp. and LINKBANCORP, Inc. is expected to result in Burke & Herbert shareholders owning about 75% of the combined company, which could influence shareholder decisions and rights.
- Legal Service Commitment: Halper Sadeh LLC offers legal services on a contingency fee basis, aiming to secure increased compensation and disclosures for affected shareholders, demonstrating a strong commitment to protecting investor rights.
See More
Investor Rights Law Firm Investigates Multiple Companies for Potential Violations
- Investigation Background: Halper Sadeh LLC is investigating Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) regarding its sale to Mubadala Capital and TWG Global for $2.43 per share, which may infringe on shareholder rights.
- Merger Transaction: The merger between OceanFirst Financial Corp. (NASDAQ:OCFC) and Flushing Financial Corp. is expected to result in OceanFirst shareholders owning approximately 58% of the combined entity, potentially impacting shareholder voting rights and interests.
- Shareholder Rights Protection: Halper Sadeh LLC encourages shareholders of Clear Channel, OceanFirst, and Marine Products Corporation to contact the firm to discuss their rights and options, ensuring fair treatment in the transactions.
- Legal Fee Arrangement: The firm commits to a contingency fee basis for handling any matters, meaning shareholders will not be responsible for out-of-pocket legal fees, thereby reducing the financial burden of pursuing their rights.
See More
OceanFirst and Flushing Merger Receives Shareholder Approval
- Shareholder Approval: OceanFirst Financial Corp. and Flushing Financial Corp. have received shareholder approvals for their merger, marking a significant step that is expected to enhance market competitiveness and expand their customer base.
- Regulatory Approvals: The New York State Department of Financial Services and the Office of the Comptroller of the Currency granted approvals on March 23 and April 6, 2026, respectively, ensuring the legality and compliance of the merger, thus facilitating a smoother transaction process.
- Merger Agreement Context: The merger is based on the Agreement and Plan of Merger signed on December 29, 2025, with OceanFirst acquiring Flushing through its wholly-owned subsidiary Apollo Merger Sub Corp., which is anticipated to strengthen the combined banks' capabilities.
- Future Outlook: The merger still requires final regulatory approval from the Federal Reserve, and despite facing some uncertainties, a successful merger is expected to provide both companies with greater market share and opportunities for resource integration.
See More
OceanFirst and Flushing Merger Receives Shareholder Approval
- Merger Agreement Approved: OceanFirst Financial Corp. and Flushing Financial Corp. received shareholder approval for their merger agreement on April 6, 2026, marking a significant step in the integration of the two banks in the financial services sector, which is expected to enhance market competitiveness.
- Regulatory Approvals Granted: The New York State Department of Financial Services and the Office of the Comptroller of the Currency granted approvals for the transaction on March 23 and April 6, 2026, respectively, ensuring that the merger process complies with regulatory requirements and enhancing the legitimacy and feasibility of the deal.
- Market Impact Analysis: The merger will increase OceanFirst's total assets to $14.6 billion, strengthening its market share in New Jersey and surrounding areas, and is expected to provide customers with more comprehensive financial services, thereby improving customer satisfaction.
- Future Outlook: Upon completion of the merger, OceanFirst and Flushing will jointly address market challenges, leveraging their respective strengths to drive business growth and achieve synergies, ultimately enhancing overall operational efficiency.
See More
Flushing Financial Declares Quarterly Dividend of $0.22
- Quarterly Dividend Declaration: Flushing Financial has declared a quarterly dividend of $0.22 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability, which is likely to attract more investor interest.
- Dividend Yield: The forward yield of 5.83% makes this dividend attractive in the current market environment, potentially enhancing the stock's appeal and boosting investor confidence.
- Record Date for Shareholders: The dividend will be payable on April 24, with a record date of April 10 and an ex-dividend date also set for April 10, providing shareholders with a clear timeline for investment decisions.
- M&A Developments: Flushing Financial is merging with OceanFirst Financial, which has raised $225 million from Warburg Pincus, a move that may further strengthen Flushing Financial's market position and financial stability.
See More
Investor Rights Law Firm Investigates Multiple Companies for Potential Violations
- Investigation Background: Halper Sadeh LLC is investigating companies such as ON24, Inc., European Wax Center, Inc., and Flushing Financial Corp. for potential violations of federal securities laws and breaches of fiduciary duties, which may impact shareholder rights.
- Transaction Details: ON24, Inc. is being sold to Cvent for $8.10 per share in cash, while European Wax Center, Inc. is selling to General Atlantic for $5.80 per share in cash, with terms that may limit superior competing offers.
- Shareholder Rights Protection: Halper Sadeh LLC encourages shareholders to contact them to discuss their rights and options at no cost, highlighting their commitment to protecting shareholder interests.
- Legal Service Commitment: The law firm promises to handle cases on a contingent fee basis, meaning shareholders will not incur any legal fees unless the case is successful, aiming to provide legal support and relief for defrauded investors.
See More
Investor Rights Law Firm Investigates Multiple Companies
- Investigation Background: Halper Sadeh LLC is investigating the transaction between Flushing Financial Corp. and OceanFirst Financial Corp., where Flushing shareholders would receive 0.85 shares of OceanFirst common stock per share, potentially impacting shareholder rights and options.
- Udemy and Coursera Merger: Udemy, Inc. is being sold to Coursera, Inc. for 0.800 shares of Coursera common stock per Udemy share, with Coursera shareholders expected to own approximately 59% of the combined entity, which may affect Udemy shareholders' interests.
- Burke & Herbert Merger: The merger between Burke & Herbert Financial Services Corp. and LINKBANCORP, Inc. is expected to result in Burke & Herbert shareholders owning about 75% of the combined company, which could influence shareholder decisions and rights.
- Legal Service Commitment: Halper Sadeh LLC offers legal services on a contingency fee basis, aiming to secure increased compensation and disclosures for affected shareholders, demonstrating a strong commitment to protecting investor rights.
See More
Investor Rights Law Firm Investigates Multiple Companies for Potential Violations
- Investigation Background: Halper Sadeh LLC is investigating Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) regarding its sale to Mubadala Capital and TWG Global for $2.43 per share, which may infringe on shareholder rights.
- Merger Transaction: The merger between OceanFirst Financial Corp. (NASDAQ:OCFC) and Flushing Financial Corp. is expected to result in OceanFirst shareholders owning approximately 58% of the combined entity, potentially impacting shareholder voting rights and interests.
- Shareholder Rights Protection: Halper Sadeh LLC encourages shareholders of Clear Channel, OceanFirst, and Marine Products Corporation to contact the firm to discuss their rights and options, ensuring fair treatment in the transactions.
- Legal Fee Arrangement: The firm commits to a contingency fee basis for handling any matters, meaning shareholders will not be responsible for out-of-pocket legal fees, thereby reducing the financial burden of pursuing their rights.
See More
