Flushing Financial Corporation (NASDAQ:FFIC) issued its earnings results on Tuesday. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.07), Bloomberg Earnings reports. Flushing Financial Corporation had a return on equity of 9.23% and a net margin of 19.96%.
Shares of Flushing Financial Corporation (NASDAQ FFIC) opened at 29.98 on Wednesday. Flushing Financial Corporation has a 12 month low of $21.30 and a 12 month high of $31.96. The stock’s 50 day moving average price is $29.78 and its 200-day moving average price is $28.56. The company has a market cap of $873.47 million, a P/E ratio of 17.45 and a beta of 1.11.
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FFIC has been the subject of a number of research analyst reports. Piper Jaffray Companies reiterated a “hold” rating and set a $28.00 price target on shares of Flushing Financial Corporation in a research report on Friday, July 14th. BidaskClub downgraded Flushing Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded Flushing Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $30.00 price target on shares of Flushing Financial Corporation in a research report on Sunday, October 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $30.33.
In other news, Director Donna M. Obrien sold 3,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $27.33, for a total value of $81,990.00. Following the completion of the transaction, the director now owns 50,925 shares of the company’s stock, valued at $1,391,780.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.86% of the company’s stock.
About Flushing Financial Corporation
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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