A number of research firms have changed their ratings and price targets for Flushing Financial (NASDAQ: FFIC):
- 2/15/2018 – Flushing Financial was upgraded by analysts at Sandler O’Neill from a “hold” rating to a “buy” rating. They now have a $31.00 price target on the stock.
- 2/8/2018 – Flushing Financial was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
- 1/31/2018 – Flushing Financial was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” 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. “
- 1/31/2018 – Flushing Financial was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
Shares of Flushing Financial Co. (NASDAQ:FFIC) opened at $27.57 on Tuesday. The firm has a market cap of $788.18, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.40 and a beta of 1.05. Flushing Financial Co. has a fifty-two week low of $24.27 and a fifty-two week high of $31.69. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.23.
Flushing Financial (NASDAQ:FFIC) last released its quarterly earnings results on Tuesday, January 30th. The bank reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.09). The firm had revenue of $46.12 million for the quarter. Flushing Financial had a net margin of 16.79% and a return on equity of 8.59%. equities analysts anticipate that Flushing Financial Co. will post 1.99 earnings per share for the current year.
In related news, Director Sam Sang Ki Han sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $28.93, for a total transaction of $144,650.00. Following the completion of the sale, the director now directly owns 41,066 shares of the company’s stock, valued at approximately $1,188,039.38. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Donna M. Obrien sold 6,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $27.73, for a total transaction of $166,380.00. The disclosure for this sale can be found here. 4.86% of the stock is currently owned by company 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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