Flushing Financial Co. (NASDAQ:FFIC) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $29.67.
FFIC has been the subject of a number of recent analyst reports. Zacks Investment Research raised Flushing Financial from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Friday, November 3rd. ValuEngine raised Flushing Financial from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Sandler O’Neill lowered Flushing Financial from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a report on Thursday, November 30th. They noted that the move was a valuation call. Piper Jaffray Companies reaffirmed a “hold” rating and set a $28.00 target price on shares of Flushing Financial in a report on Friday, November 10th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $30.00 price target on shares of Flushing Financial in a research report on Sunday, October 8th.
Flushing Financial (FFIC) traded down $0.46 during mid-day trading on Friday, reaching $27.75. The company’s stock had a trading volume of 52,431 shares, compared to its average volume of 58,341. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.23. The stock has a market cap of $806.47, a price-to-earnings ratio of 19.87, a PEG ratio of 1.55 and a beta of 1.05. Flushing Financial has a 1-year low of $24.27 and a 1-year high of $31.69.
Flushing Financial (NASDAQ:FFIC) last posted its earnings results on Tuesday, January 30th. The bank reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.09). The company had revenue of $46.12 million for the quarter. Flushing Financial had a net margin of 16.79% and a return on equity of 8.59%. sell-side analysts expect that Flushing Financial will post 1.84 EPS for the current fiscal year.
In other news, Director John E. Sr Roe, Sr. sold 3,629 shares of Flushing Financial stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $26.98, for a total transaction of $97,910.42. Following the completion of the sale, the director now owns 66,434 shares in the company, valued at approximately $1,792,389.32. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Sam Sang Ki Han sold 5,000 shares of Flushing Financial stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $28.93, for a total value of $144,650.00. Following the sale, the director now owns 41,066 shares of the company’s stock, valued at approximately $1,188,039.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,058 shares of company stock valued at $443,589. Corporate insiders own 4.86% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Frontier Capital Management Co. LLC boosted its position in shares of Flushing Financial by 1.3% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,469,788 shares of the bank’s stock valued at $73,402,000 after acquiring an additional 30,858 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Flushing Financial by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,303,474 shares of the bank’s stock valued at $68,460,000 after acquiring an additional 23,273 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Flushing Financial by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,365,993 shares of the bank’s stock valued at $38,507,000 after acquiring an additional 42,787 shares during the last quarter. Northern Trust Corp boosted its position in shares of Flushing Financial by 2.3% during the 2nd quarter. Northern Trust Corp now owns 1,188,930 shares of the bank’s stock valued at $33,516,000 after acquiring an additional 26,309 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in Flushing Financial by 4.0% in 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 during the last quarter. Hedge funds and other institutional investors own 76.49% of the company’s stock.
Flushing Financial 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).
Receive News & Ratings for Flushing Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flushing Financial and related companies with MarketBeat.com's FREE daily email newsletter.