John E. Sr Roe, Sr. Sells 3,629 Shares of Flushing Financial Corporation (FFIC) Stock
Flushing Financial Corporation (NASDAQ:FFIC) Director John E. Sr Roe, Sr. sold 3,629 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $26.98, for a total transaction of $97,910.42. Following the completion of the transaction, the director now directly owns 66,434 shares in the company, valued at approximately $1,792,389.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Flushing Financial Corporation (NASDAQ:FFIC) traded up $0.41 during midday trading on Tuesday, reaching $27.33. 40,200 shares of the company’s stock were exchanged, compared to its average volume of 56,581. Flushing Financial Corporation has a 12 month low of $24.27 and a 12 month high of $31.96. The company has a market cap of $775.83, a PE ratio of 16.51, a price-to-earnings-growth ratio of 1.57 and a beta of 1.11. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.15 and a current ratio of 1.15.
Flushing Financial Corporation (NASDAQ:FFIC) last released its earnings results on Tuesday, October 31st. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.07). Flushing Financial Corporation had a return on equity of 9.04% and a net margin of 19.50%. The firm had revenue of $44.70 million for the quarter. sell-side analysts predict that Flushing Financial Corporation will post 1.72 earnings per share for the current fiscal year.
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FFIC has been the topic of a number of research reports. BidaskClub downgraded shares of Flushing Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of Flushing Financial Corporation from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Friday, July 28th. Piper Jaffray Companies reissued a “hold” rating and issued a $30.00 price objective on shares of Flushing Financial Corporation in a report on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $30.00 price objective on shares of Flushing Financial Corporation in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $30.00.
Flushing Financial Corporation Company Profile
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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