Several analysts have recently updated their ratings and price targets for Flushing Financial Corporation (NASDAQ: FFIC):

  • 8/4/2017 – Flushing Financial Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/3/2017 – Flushing Financial Corporation had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $30.00 price target on the stock.
  • 7/28/2017 – Flushing Financial Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock. According to Zacks, “FLUSHING FINANCIAL CORP. is a unitary savings and loan holding company, which, under existing laws, is generally not restricted as to types of business activities in which it may engage, provided that the subsidiary, continues to be a qualified thrift lender. Under the regulations of the Office of Thrift Supervision, the subsidiary is a qualified thrift lender if its ratio of qualified thrift investments to portfolio assets is 65% or more, on a monthly average basis in nine of every 12 months. “
  • 7/25/2017 – Flushing Financial Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/14/2017 – Flushing Financial Corporation had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $28.00 price target on the stock.
  • 6/27/2017 – Flushing Financial Corporation was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “FLUSHING FINANCIAL CORP. is a unitary savings and loan holding company, which, under existing laws, is generally not restricted as to types of business activities in which it may engage, provided that the subsidiary, continues to be a qualified thrift lender. Under the regulations of the Office of Thrift Supervision, the subsidiary is a qualified thrift lender if its ratio of qualified thrift investments to portfolio assets is 65% or more, on a monthly average basis in nine of every 12 months. “

Flushing Financial Corporation (NASDAQ FFIC) opened at 28.72 on Tuesday. The stock has a market capitalization of $836.76 million, a price-to-earnings ratio of 16.72 and a beta of 1.11. The stock’s 50 day moving average is $28.36 and its 200 day moving average is $27.97. Flushing Financial Corporation has a 12-month low of $20.95 and a 12-month high of $31.96.

Flushing Financial Corporation (NASDAQ:FFIC) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.05. Flushing Financial Corporation had a return on equity of 9.31% and a net margin of 19.96%. The business had revenue of $45.57 million during the quarter, compared to analysts’ expectations of $46.79 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. Equities research analysts forecast that Flushing Financial Corporation will post $1.72 EPS for the current fiscal year.

In other news, COO Maria A. Grasso sold 4,000 shares of the company’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 transaction of $107,080.00. Following the completion of the sale, the chief operating officer now 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 is available through the SEC website. 4.86% of the stock is owned by corporate insiders.

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).

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