Flushing Financial Corporation (NASDAQ:FFIC) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday.

A number of other analysts also recently weighed in on the company. Sandler O’Neill upgraded Flushing Financial Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, April 26th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 price objective on shares of Flushing Financial Corporation in a report on Tuesday, May 2nd. Piper Jaffray Companies restated a “hold” rating and issued a $28.00 price objective on shares of Flushing Financial Corporation in a report on Friday, July 14th. Zacks Investment Research upgraded Flushing Financial Corporation from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a report on Monday, May 1st. Finally, ValuEngine upgraded Flushing Financial Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $29.00.

Shares of Flushing Financial Corporation (NASDAQ:FFIC) traded down 0.24% during midday trading on Friday, hitting $28.72. The company had a trading volume of 46,141 shares. The stock’s 50-day moving average price is $28.36 and its 200-day moving average price is $27.97. Flushing Financial Corporation has a one year low of $20.95 and a one year high of $31.96. The stock has a market capitalization of $836.76 million, a price-to-earnings ratio of 16.72 and a beta of 1.11.

Flushing Financial Corporation (NASDAQ:FFIC) last posted its quarterly earnings data on Tuesday, July 25th. The bank reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.05. The business had revenue of $45.57 million during the quarter, compared to the consensus estimate of $46.79 million. Flushing Financial Corporation had a return on equity of 9.31% and a net margin of 19.96%. During the same period in the prior year, the business posted $0.39 earnings per share. Analysts predict that Flushing Financial Corporation will post $1.72 EPS for the current year.

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In other Flushing Financial Corporation news, COO Maria A. Grasso sold 4,000 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $26.77, for a total transaction of $107,080.00. Following the completion of the sale, the chief operating officer now directly owns 74,223 shares in the company, valued at approximately $1,986,949.71. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.86% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. Legal & General Group Plc increased its stake in shares of Flushing Financial Corporation by 2.0% in the second quarter. Legal & General Group Plc now owns 10,446 shares of the bank’s stock worth $295,000 after buying an additional 207 shares during the last quarter. AlphaOne Investment Services LLC increased its stake in shares of Flushing Financial Corporation by 0.8% in the first quarter. AlphaOne Investment Services LLC now owns 107,446 shares of the bank’s stock worth $2,888,000 after buying an additional 884 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Flushing Financial Corporation by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 50,049 shares of the bank’s stock worth $1,471,000 after buying an additional 1,034 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Flushing Financial Corporation by 0.7% in the first quarter. Mutual of America Capital Management LLC now owns 151,541 shares of the bank’s stock worth $4,072,000 after buying an additional 1,127 shares during the last quarter. Finally, American International Group Inc. increased its stake in shares of Flushing Financial Corporation by 7.1% in the first quarter. American International Group Inc. now owns 17,106 shares of the bank’s stock worth $460,000 after buying an additional 1,129 shares during the last quarter. Hedge funds and other institutional investors own 77.29% of the company’s stock.

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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