Flushing Financial Corp. (FFIC) Reaches New 1-Year High at $23.14
Shares of Flushing Financial Corp. (NASDAQ:FFIC) reached a new 52-week high on Monday . The stock traded as high as $23.14 and last traded at $23.07, with a volume of 14,947 shares. The stock had previously closed at $22.84.
FFIC has been the subject of several research reports. Gabelli initiated coverage on Flushing Financial Corp. in a report on Wednesday, June 29th. They set a “buy” rating and a $27.00 price target for the company. Keefe, Bruyette & Woods lifted their price target on Flushing Financial Corp. from $21.00 to $22.00 and gave the stock a “market perform” rating in a report on Monday, August 1st. Zacks Investment Research raised Flushing Financial Corp. from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday. Finally, Sandler O’Neill cut Flushing Financial Corp. from a “buy” rating to a “hold” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $24.00.
The firm’s 50-day moving average is $22.04 and its 200 day moving average is $21.02. The company has a market capitalization of $684.32 million and a PE ratio of 10.91.
Flushing Financial Corp. (NASDAQ:FFIC) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. During the same period in the prior year, the firm posted $0.36 earnings per share. The company had revenue of $79.61 million for the quarter, compared to the consensus estimate of $43.87 million. The business’s revenue for the quarter was up 65.5% on a year-over-year basis. Equities analysts anticipate that Flushing Financial Corp. will post $1.63 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Wednesday, September 7th.
In other news, insider Francis W. Korzekwinski sold 3,872 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $22.34, for a total value of $86,500.48. Following the completion of the transaction, the insider now directly owns 72,363 shares of the company’s stock, valued at $1,616,589.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Maria A. Grasso sold 4,660 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $22.61, for a total value of $105,362.60. Following the completion of the transaction, the executive vice president now directly owns 82,947 shares of the company’s stock, valued at $1,875,431.67. The disclosure for this sale can be found here.
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 owns three subsidiaries: Flushing Preferred Funding Corporation (FPFC), Flushing Service Corporation, and FSB Properties Inc (Properties).
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