Flushing Financial Corporation (NASDAQ:FFIC)‘s stock had its “hold” rating reissued by equities researchers at Piper Jaffray Companies in a report released on Friday. They presently have a $28.00 price target on the bank’s stock. Piper Jaffray Companies’ target price indicates a potential upside of 4.01% from the company’s previous close.
Several other analysts have also recently weighed in on FFIC. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $30.00 price target on shares of Flushing Financial Corporation in a research note on Thursday, August 10th. BidaskClub raised shares of Flushing Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research raised shares of Flushing Financial Corporation from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $30.00.
Flushing Financial Corporation (NASDAQ:FFIC) traded up $0.10 during trading on Friday, hitting $26.92. 41,800 shares of the stock traded hands, compared to its average volume of 54,354. Flushing Financial Corporation has a twelve month low of $24.27 and a twelve month high of $31.96. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.20 and a current ratio of 1.15. The stock has a market cap of $775.83, a PE ratio of 16.52, a price-to-earnings-growth ratio of 1.57 and a beta of 1.11.
Flushing Financial Corporation (NASDAQ:FFIC) last posted its quarterly earnings results on Tuesday, October 31st. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.07). Flushing Financial Corporation had a net margin of 19.50% and a return on equity of 9.04%. The firm had revenue of $44.70 million during the quarter. research analysts forecast that Flushing Financial Corporation will post 1.72 earnings per share for the current year.
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In other news, Director Donna M. Obrien sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $27.33, for a total value of $81,990.00. Following the transaction, the director now directly owns 50,925 shares in the company, valued at approximately $1,391,780.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.86% of the company’s stock.
Several hedge funds have recently modified their holdings of FFIC. State Street Corp lifted its holdings in shares of Flushing Financial Corporation by 13.3% in the 2nd quarter. State Street Corp now owns 593,185 shares of the bank’s stock worth $16,725,000 after acquiring an additional 69,666 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Flushing Financial Corporation by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 1,323,206 shares of the bank’s stock worth $35,554,000 after buying an additional 44,975 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Flushing Financial Corporation by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,280,201 shares of the bank’s stock worth $64,279,000 after buying an additional 42,454 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in Flushing Financial Corporation by 4.0% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,096,946 shares of the bank’s stock worth $32,601,000 after buying an additional 41,994 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in Flushing Financial Corporation by 9.3% during the 3rd quarter. Macquarie Group Ltd. now owns 492,883 shares of the bank’s stock worth $14,649,000 after buying an additional 41,965 shares in the last quarter. Hedge funds and other institutional investors own 77.28% of the company’s stock.
Flushing Financial Corporation Company Profile
Flushing Financial Corporation is the bank holding company for Flushing Bank (the Bank). The Company is a community-oriented financial institution offering a range of financial services. The Bank’s subsidiaries include Flushing Preferred Funding Corporation, Flushing Service Corporation and FSB Properties Inc The Company also owns Flushing Financial Capital Trust II, Flushing Financial Capital Trust III and Flushing Financial Capital Trust IV (the Trusts).
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