Sandler O’Neill upgraded shares of Flushing Financial (NASDAQ:FFIC) from a hold rating to a buy rating in a research report report published on Thursday morning, MarketBeat Ratings reports. Sandler O’Neill currently has $31.00 price target on the bank’s stock.
Several other equities analysts have also weighed in on FFIC. Zacks Investment Research upgraded Flushing Financial from a hold rating to a buy rating and set a $32.00 target price on the stock in a report on Friday, November 3rd. Piper Jaffray Companies restated a hold rating and set a $28.00 target price on shares of Flushing Financial in a report on Friday, November 10th. ValuEngine upgraded Flushing Financial from a hold rating to a buy rating in a report on Friday, December 1st. Finally, BidaskClub lowered Flushing Financial from a hold rating to a sell rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $30.25.
Flushing Financial (FFIC) opened at $27.57 on Thursday. Flushing Financial has a 1-year low of $24.27 and a 1-year high of $31.69. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.23. The firm has a market capitalization of $788.17, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05.
In other news, Director Sam Sang Ki Han sold 5,000 shares of Flushing Financial stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $28.93, for a total value of $144,650.00. Following the transaction, the director now directly owns 41,066 shares in the company, valued at $1,188,039.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donna M. Obrien sold 6,000 shares of Flushing Financial stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $27.73, for a total value of $166,380.00. The disclosure for this sale can be found here. Insiders own 4.86% of the company’s stock.
Several institutional investors have recently bought and sold shares of FFIC. State Street Corp increased its stake in shares of Flushing Financial by 13.3% in the second quarter. State Street Corp now owns 593,185 shares of the bank’s stock worth $16,725,000 after purchasing an additional 69,666 shares during the period. Context BH Capital Management LP increased its stake in shares of Flushing Financial by 278.8% in the fourth quarter. Context BH Capital Management LP now owns 64,620 shares of the bank’s stock worth $1,777,000 after purchasing an additional 47,563 shares during the period. Santa Monica Partners LP bought a new position in shares of Flushing Financial in the fourth quarter worth about $1,201,000. Vanguard Group Inc. increased its stake in shares of Flushing Financial by 3.2% in the second quarter. Vanguard Group Inc. now owns 1,365,993 shares of the bank’s stock worth $38,507,000 after purchasing an additional 42,787 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in shares of Flushing Financial by 4.0% in the third quarter. Gamco Investors INC. ET AL now owns 1,096,946 shares of the bank’s stock worth $32,601,000 after purchasing an additional 41,994 shares during the period. Institutional investors and hedge funds own 77.21% of the company’s stock.
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Flushing Financial 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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