Flushing Financial (NASDAQ:FFIC) Stock Rating Upgraded by StockNews.com

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

Other equities analysts also recently issued research reports about the company. Raymond James upped their target price on Flushing Financial from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods boosted their price target on Flushing Financial from $13.00 to $15.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Finally, Piper Sandler cut Flushing Financial from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $15.00 to $16.50 in a research report on Tuesday, July 30th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Flushing Financial has a consensus rating of “Hold” and an average target price of $15.50.

Flushing Financial Stock Up 16.7 %

Shares of FFIC opened at $18.04 on Thursday. The firm has a market cap of $524.42 million, a P/E ratio of 20.74 and a beta of 0.75. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.01 and a current ratio of 1.01. Flushing Financial has a 52 week low of $10.74 and a 52 week high of $18.19. The firm’s 50-day simple moving average is $14.60 and its 200 day simple moving average is $13.62.

Insiders Place Their Bets

In other news, Director Sam Sang Ki Han sold 10,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 67,251 shares in the company, valued at approximately $1,040,372.97. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Astrid Burrowes sold 8,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $16.19, for a total transaction of $129,520.00. Following the sale, the chief accounting officer now owns 34,853 shares in the company, valued at approximately $564,270.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sam Sang Ki Han sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $15.47, for a total transaction of $154,700.00. Following the transaction, the director now owns 67,251 shares of the company’s stock, valued at approximately $1,040,372.97. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,500 shares of company stock worth $344,925 in the last 90 days. Company insiders own 6.31% of the company’s stock.

Hedge Funds Weigh In On Flushing Financial

Several hedge funds and other institutional investors have recently modified their holdings of FFIC. Nisa Investment Advisors LLC lifted its position in shares of Flushing Financial by 4,000.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock worth $30,000 after buying an additional 2,000 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Flushing Financial in the 1st quarter valued at approximately $32,000. EntryPoint Capital LLC acquired a new stake in shares of Flushing Financial in the 1st quarter valued at approximately $35,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Flushing Financial during the 2nd quarter valued at approximately $61,000. Finally, CWM LLC increased its position in Flushing Financial by 87.0% during the 2nd quarter. CWM LLC now owns 5,534 shares of the bank’s stock worth $73,000 after purchasing an additional 2,575 shares in the last quarter. Institutional investors own 67.10% of the company’s stock.

About Flushing Financial

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.