Flushing Financial Corporation (NASDAQ:FFIC)‘s stock had its “hold” rating reiterated by stock analysts at Piper Jaffray Companies in a report released on Friday. They currently have a $28.00 price objective on the bank’s stock. Piper Jaffray Companies’ price target would indicate a potential downside of 0.11% from the company’s previous close.
Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Flushing Financial Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 price objective on shares of Flushing Financial Corporation in a research report on Tuesday, May 2nd. ValuEngine upgraded Flushing Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Sandler O’Neill upgraded Flushing Financial Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, April 26th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Flushing Financial Corporation has an average rating of “Hold” and a consensus price target of $29.00.
Shares of Flushing Financial Corporation (NASDAQ FFIC) opened at 28.03 on Friday. The stock has a market capitalization of $813.37 million, a price-to-earnings ratio of 12.02 and a beta of 1.11. The company has a 50-day moving average of $28.32 and a 200 day moving average of $28.10. Flushing Financial Corporation has a 12-month low of $20.70 and a 12-month high of $31.96.
Flushing Financial Corporation (NASDAQ:FFIC) last announced its quarterly earnings results on Tuesday, April 25th. The bank reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.08. The company had revenue of $47.08 million during the quarter, compared to analysts’ expectations of $45.37 million. Flushing Financial Corporation had a return on equity of 8.92% and a net margin of 23.93%. During the same period last year, the business earned $0.40 earnings per share. Analysts predict that Flushing Financial Corporation will post $1.65 earnings per share for the current year.
In other news, COO Maria A. Grasso sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $26.77, for a total value of $107,080.00. Following the completion of the sale, the chief operating officer now directly owns 74,223 shares in the company, valued at $1,986,949.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.86% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of FFIC. State Street Corp boosted its stake in Flushing Financial Corporation by 8.4% in the fourth quarter. State Street Corp now owns 538,130 shares of the bank’s stock worth $15,816,000 after buying an additional 41,711 shares during the period. Renaissance Technologies LLC boosted its stake in Flushing Financial Corporation by 10.6% in the fourth quarter. Renaissance Technologies LLC now owns 396,600 shares of the bank’s stock worth $11,656,000 after buying an additional 38,000 shares during the period. AQR Capital Management LLC boosted its stake in Flushing Financial Corporation by 10.1% in the fourth quarter. AQR Capital Management LLC now owns 148,719 shares of the bank’s stock worth $4,371,000 after buying an additional 13,587 shares during the period. Norges Bank acquired a new stake in Flushing Financial Corporation during the fourth quarter worth approximately $10,501,000. Finally, Teachers Advisors LLC boosted its stake in Flushing Financial Corporation by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 50,049 shares of the bank’s stock worth $1,471,000 after buying an additional 1,034 shares during the period. Institutional investors and hedge funds own 76.95% of the company’s stock.
About Flushing Financial Corporation
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).
Receive News & Ratings for Flushing Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flushing Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.