Flushing Financial Corp. Upgraded to Outperform by Zacks (FFIC)
Flushing Financial Corp. (NASDAQ:FFIC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Tuesday, American Banking News reports. The firm currently has a $23.00 price objective on the stock. Zacks‘ target price suggests a potential upside of 15.87% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Guggenheim raised their price target on shares of Flushing Financial Corp. to $21.00 in a research note to investors on Tuesday, January 14th. They now have a “neutral” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods downgraded shares of Flushing Financial Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, January 2nd. They now have a $21.00 price target on the stock. Finally, 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Flushing Financial Corp. has an average rating of “Hold” and a consensus price target of $21.20.
Shares of Flushing Financial Corp. (NASDAQ:FFIC) traded up 1.07% on Tuesday, hitting $19.85. The stock had a trading volume of 114,049 shares. Flushing Financial Corp. has a 52 week low of $15.02 and a 52 week high of $21.70. The stock’s 50-day moving average is $20.41 and its 200-day moving average is $19.58. The company has a market cap of $590.8 million and a P/E ratio of 15.64.
Flushing Financial Corp. (NASDAQ:FFIC) last announced its earnings results on Monday, January 27th. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.11. Analysts expect that Flushing Financial Corp. will post $1.44 EPS for the current fiscal year.
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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