Flushing Financial (NASDAQ:FFIC) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

FFIC has been the subject of a number of other reports. BidaskClub upgraded shares of Flushing Financial from a “sell” rating to a “hold” rating in a research report on Friday, August 24th. Sandler O’Neill restated a “buy” rating and set a $30.00 price objective on shares of Flushing Financial in a research report on Thursday, July 26th. Zacks Investment Research upgraded shares of Flushing Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 4th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $26.50 price objective on shares of Flushing Financial in a research report on Thursday, July 26th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $29.10.

NASDAQ:FFIC opened at $24.95 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. The firm has a market cap of $722.10 million, a price-to-earnings ratio of 15.97, a P/E/G ratio of 1.23 and a beta of 0.93. Flushing Financial has a fifty-two week low of $24.59 and a fifty-two week high of $31.45.

Flushing Financial (NASDAQ:FFIC) last posted its quarterly earnings data on Tuesday, July 24th. The bank reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The company had revenue of $45.81 million during the quarter, compared to analysts’ expectations of $45.10 million. Flushing Financial had a net margin of 16.32% and a return on equity of 8.45%. equities research analysts predict that Flushing Financial will post 1.86 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. First Trust Advisors LP raised its position in shares of Flushing Financial by 19.6% in the second quarter. First Trust Advisors LP now owns 40,316 shares of the bank’s stock valued at $1,052,000 after buying an additional 6,613 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Flushing Financial by 63.5% in the first quarter. Prudential Financial Inc. now owns 70,268 shares of the bank’s stock valued at $1,895,000 after buying an additional 27,300 shares during the last quarter. Mackay Shields LLC raised its position in shares of Flushing Financial by 19.0% in the second quarter. Mackay Shields LLC now owns 50,107 shares of the bank’s stock valued at $1,308,000 after buying an additional 8,000 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Flushing Financial by 2.5% in the second quarter. Gamco Investors INC. ET AL now owns 1,115,367 shares of the bank’s stock valued at $29,111,000 after buying an additional 27,321 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Flushing Financial by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,401,298 shares of the bank’s stock valued at $62,674,000 after buying an additional 18,321 shares during the last quarter. Institutional investors and hedge funds own 75.55% 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. The company offers various deposit products, including checking and savings accounts, money market accounts, demand accounts, NOW accounts, and certificates of deposit.

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