Flushing Financial (NASDAQ:FFIC) Raised to Hold at StockNews.com

Flushing Financial (NASDAQ:FFIC) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

FFIC has been the topic of several other reports. Keefe, Bruyette & Woods raised their target price on shares of Flushing Financial from $13.00 to $15.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Raymond James boosted their price objective on shares of Flushing Financial from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Piper Sandler lowered shares of Flushing Financial from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $15.00 to $16.50 in a research note on Tuesday, July 30th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $15.50.

Flushing Financial Stock Up 16.7 %

NASDAQ:FFIC opened at $18.04 on Thursday. Flushing Financial has a 1 year low of $10.74 and a 1 year high of $18.19. The stock has a 50-day moving average price of $14.60 and a two-hundred day moving average price of $13.62. The stock has a market cap of $524.42 million, a price-to-earnings ratio of 20.74 and a beta of 0.75. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.98.

Insider Buying and Selling

In other Flushing Financial news, COO Maria A. Grasso sold 4,500 shares of Flushing Financial stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $13.49, for a total value of $60,705.00. Following the sale, the chief operating officer now directly owns 83,238 shares in the company, valued at approximately $1,122,880.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Sam Sang Ki Han sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $15.47, for a total transaction of $154,700.00. Following the sale, the director now owns 67,251 shares in the company, valued at $1,040,372.97. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Maria A. Grasso sold 4,500 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $13.49, for a total value of $60,705.00. Following the completion of the sale, the chief operating officer now directly owns 83,238 shares of the company’s stock, valued at approximately $1,122,880.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,500 shares of company stock worth $344,925. 6.31% of the stock is owned by insiders.

Institutional Trading of Flushing Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in shares of Flushing Financial during the 1st quarter worth about $3,385,000. Assenagon Asset Management S.A. grew its holdings in Flushing Financial by 41.0% during the second quarter. Assenagon Asset Management S.A. now owns 161,275 shares of the bank’s stock worth $2,121,000 after purchasing an additional 46,871 shares during the period. Empowered Funds LLC increased its position in Flushing Financial by 183.4% during the first quarter. Empowered Funds LLC now owns 81,322 shares of the bank’s stock worth $1,025,000 after buying an additional 52,627 shares during the last quarter. AQR Capital Management LLC raised its stake in Flushing Financial by 531.8% in the second quarter. AQR Capital Management LLC now owns 326,376 shares of the bank’s stock valued at $4,292,000 after buying an additional 274,720 shares during the period. Finally, Dana Investment Advisors Inc. lifted its position in shares of Flushing Financial by 11.5% in the second quarter. Dana Investment Advisors Inc. now owns 453,198 shares of the bank’s stock valued at $5,960,000 after buying an additional 46,800 shares during the last quarter. 67.10% of the stock is owned by institutional investors.

Flushing Financial Company Profile

Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. It offers various deposit products, including checking and savings accounts, money market accounts, non-interest bearing demand accounts, NOW accounts, and certificates of deposit.