Somewhat Positive Press Coverage Somewhat Unlikely to Impact Flushing Financial Corporation (FFIC) Share Price
News coverage about Flushing Financial Corporation (NASDAQ:FFIC) has been trending somewhat positive on Sunday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Flushing Financial Corporation earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 45.4618103150464 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Flushing Financial Corporation (NASDAQ:FFIC) opened at 27.01 on Friday. The firm’s 50-day moving average price is $28.30 and its 200-day moving average price is $27.99. Flushing Financial Corporation has a 52-week low of $20.95 and a 52-week high of $31.96. The stock has a market cap of $786.94 million, a P/E ratio of 15.72 and a beta of 1.11.
Flushing Financial Corporation (NASDAQ:FFIC) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.46 EPS for the quarter, topping the consensus estimate of $0.41 by $0.05. The business had revenue of $45.57 million for the quarter, compared to analysts’ expectations of $46.79 million. Flushing Financial Corporation had a net margin of 19.96% and a return on equity of 9.23%. During the same quarter in the previous year, the company earned $0.39 EPS. Equities analysts predict that Flushing Financial Corporation will post $1.74 EPS for the current year.
A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Flushing Financial Corporation from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Friday, July 28th. BidaskClub downgraded Flushing Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Keefe, Bruyette & Woods restated a “hold” rating and set a $30.00 price target on shares of Flushing Financial Corporation in a research report on Thursday. ValuEngine upgraded Flushing Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies restated a “hold” rating and set a $28.00 price target on shares of Flushing Financial Corporation in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $29.00.
In other Flushing Financial Corporation news, COO Maria A. Grasso sold 4,000 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $26.77, for a total value of $107,080.00. Following the sale, the chief operating officer now owns 74,223 shares in the company, valued at approximately $1,986,949.71. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.86% of the stock is owned by insiders.
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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