Flushing Financial Corporation (FFIC) Issues Quarterly Earnings Results
Flushing Financial Corporation (NASDAQ:FFIC) issued its quarterly earnings data on Tuesday. The bank reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.07), Bloomberg Earnings reports. Flushing Financial Corporation had a return on equity of 9.23% and a net margin of 19.96%.
Flushing Financial Corporation (FFIC) traded up 0.44% during mid-day trading on Tuesday, hitting $29.98. 67,496 shares of the stock were exchanged. The stock has a market cap of $873.47 million, a price-to-earnings ratio of 17.45 and a beta of 1.11. Flushing Financial Corporation has a 52-week low of $21.30 and a 52-week high of $31.96. The stock has a 50 day moving average of $29.78 and a 200-day moving average of $28.56.
FFIC has been the subject of several research reports. Zacks Investment Research upgraded shares of Flushing Financial Corporation from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Monday, August 28th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $30.00 target price on shares of Flushing Financial Corporation in a research report on Sunday, October 8th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $30.00 target price on shares of Flushing Financial Corporation in a research report on Thursday, August 3rd. Finally, BidaskClub raised shares of Flushing Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Flushing Financial Corporation presently has an average rating of “Hold” and an average target price of $30.33.
In related news, Director Donna M. Obrien sold 3,000 shares of Flushing Financial Corporation stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $27.33, for a total value of $81,990.00. Following the completion of the sale, the director now directly owns 50,925 shares in the company, valued at $1,391,780.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.86% of the company’s stock.
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About Flushing Financial Corporation
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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