BidaskClub upgraded shares of Flushing Financial (NASDAQ:FFIC) from a sell rating to a hold rating in a report published on Tuesday, BidAskClub reports.

Other equities research analysts also recently issued research reports about the company. ValuEngine downgraded Flushing Financial from a hold rating to a sell rating in a research report on Thursday, June 13th. Zacks Investment Research cut Flushing Financial from a hold rating to a sell rating in a research note on Friday, July 26th. Sandler O’Neill cut Flushing Financial from a buy rating to a hold rating in a research note on Wednesday, July 24th. Finally, Gabelli restated a buy rating on shares of Flushing Financial in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $25.00.

FFIC stock opened at $19.78 on Tuesday. The firm’s 50-day moving average price is $21.21. Flushing Financial has a 12-month low of $18.80 and a 12-month high of $26.82. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $544.59 million, a P/E ratio of 10.20, a PEG ratio of 4.66 and a beta of 0.84.

Flushing Financial (NASDAQ:FFIC) last posted its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). Flushing Financial had a net margin of 16.94% and a return on equity of 9.44%. The firm had revenue of $42.46 million for the quarter, compared to analysts’ expectations of $45.20 million. Equities analysts predict that Flushing Financial will post 1.6 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its stake in shares of Flushing Financial by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,400 shares of the bank’s stock worth $31,000 after acquiring an additional 700 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Flushing Financial by 222.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,657 shares of the bank’s stock worth $124,000 after acquiring an additional 3,902 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Flushing Financial by 53.4% in the second quarter. Bank of Montreal Can now owns 6,672 shares of the bank’s stock worth $148,000 after acquiring an additional 2,323 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Flushing Financial in the first quarter worth about $164,000. Finally, Metropolitan Life Insurance Co. NY lifted its stake in shares of Flushing Financial by 344.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,526 shares of the bank’s stock worth $205,000 after acquiring an additional 7,381 shares in the last quarter. Institutional investors own 76.95% 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, demand accounts, NOW accounts, and certificates of deposit.

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