Guggenheim Upgrades Flushing Financial Corp. to Buy (FFIC)
Flushing Financial Corp. (NASDAQ:FFIC) was upgraded by investment analysts at Guggenheim from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Flushing Financial Corp. (NASDAQ:FFIC) traded up 3.12% during mid-day trading on Thursday, hitting $19.82. 331,845 shares of the company’s stock traded hands. Flushing Financial Corp. has a 52-week low of $15.02 and a 52-week high of $21.91. The stock’s 50-day moving average is $20.55 and its 200-day moving average is $20.37. The company has a market cap of $578.9 million and a price-to-earnings ratio of 15.30.
Flushing Financial Corp. (NASDAQ:FFIC) last announced its earnings results on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. On average, analysts predict that Flushing Financial Corp. will post $1.46 earnings per share for the current fiscal year.
FFIC has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Flushing Financial Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 1st. They now have a $23.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Flushing Financial Corp. from $21.00 to $22.00 in a research note on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Flushing Financial Corp. presently has an average rating of “Hold” and an average price target of $21.50.
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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