Flushing Financial Corp. (FFIC) Hits New 1-Year High at $23.14
Shares of Flushing Financial Corp. (NASDAQ:FFIC) hit 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 trading hands. The stock had previously closed at $22.84.
Several analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of Flushing Financial Corp. from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Monday, August 1st. Gabelli began coverage on shares of Flushing Financial Corp. in a report on Wednesday, June 29th. They issued a “buy” rating and a $27.00 target price on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $23.20.
The stock has a 50-day moving average price of $21.89 and a 200 day moving average price of $20.96. The firm has a market cap of $669.22 million and a price-to-earnings ratio of 10.67.
Flushing Financial Corp. (NASDAQ:FFIC) last issued its earnings results on Tuesday, July 26th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. The firm had revenue of $79.61 million for the quarter, compared to analysts’ expectations of $43.87 million. The firm’s revenue for the quarter was up 65.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 EPS. Equities research analysts predict that Flushing Financial Corp. will post $1.63 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders 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 dividend yield of 2.95%. The ex-dividend date is Wednesday, September 7th.
In other news, CEO John R. Buran sold 8,000 shares of the business’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $20.94, for a total transaction of $167,520.00. Following the completion of the sale, the chief executive officer now owns 125,764 shares in the company, valued at approximately $2,633,498.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria A. Grasso sold 4,660 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $22.61, for a total value of $105,362.60. Following the sale, the executive vice president now owns 82,947 shares of the company’s stock, valued at approximately $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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