Keefe, Bruyette & Woods Downgrades Flushing Financial Corp. to Market Perform (FFIC)
Flushing Financial Corp. (NASDAQ:FFIC) was downgraded by investment analysts at Keefe, Bruyette & Woods to a “market perform” rating in a note issued to investors on Thursday, Analyst Ratings News reports.
FFIC has been the subject of a number of other recent research reports. Analysts at Sandler O’Neill downgraded shares of Flushing Financial Corp. from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, December 3rd. Separately, analysts at FBR Capital Markets raised their price target on shares of Flushing Financial Corp. from $20.00 to $21.00 in a research note to investors on Friday, November 1st. They now have a “market perform” rating on the stock. Finally, analysts at Guggenheim raised their price target on shares of Flushing Financial Corp. from $18.00 to $19.50 in a research note to investors on Thursday, October 24th. They now have a “neutral” rating on the stock. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $19.73.
Flushing Financial Corp. (NASDAQ:FFIC) opened at 20.70 on Thursday. Flushing Financial Corp. has a 52 week low of $15.02 and a 52 week high of $21.70. The stock has a 50-day moving average of $20.66 and a 200-day moving average of $19.02. The company has a market cap of $616.3 million and a P/E ratio of 17.94.
Flushing Financial Corp. (NASDAQ:FFIC) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.01. During the same quarter in the prior year, the company posted $0.29 earnings per share.
Flushing Financial Corporation is a unitary savings and loan holding company. The primary business of the Company is the operation of its wholly owned subsidiary, Flushing Savings Bank, FSB (NASDAQ:FFIC).
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