Flushing Financial (NASDAQ:FFIC) Raised to Buy at Wall Street Zen

Flushing Financial (NASDAQ:FFIC) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other analysts also recently commented on FFIC. Zacks Research upgraded Flushing Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Weiss Ratings restated a “sell (d)” rating on shares of Flushing Financial in a research report on Tuesday, October 14th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Flushing Financial Price Performance

Shares of FFIC stock opened at $13.67 on Friday. The stock has a 50 day moving average of $13.64 and a two-hundred day moving average of $12.76. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85. Flushing Financial has a 12 month low of $10.65 and a 12 month high of $18.59. The company has a market capitalization of $461.75 million, a P/E ratio of -11.49 and a beta of 0.79.

Flushing Financial (NASDAQ:FFIC) last announced its quarterly earnings data on Tuesday, February 15th. The bank reported $0.58 EPS for the quarter. Flushing Financial had a positive return on equity of 4.98% and a negative net margin of 6.93%.The company had revenue of $54.81 million during the quarter. As a group, equities analysts expect that Flushing Financial will post 1.2 EPS for the current year.

Hedge Funds Weigh In On Flushing Financial

Several institutional investors have recently bought and sold shares of FFIC. Tower Research Capital LLC TRC raised its position in Flushing Financial by 75.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,847 shares of the bank’s stock valued at $46,000 after purchasing an additional 1,650 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its position in Flushing Financial by 37.0% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 8,119 shares of the bank’s stock valued at $96,000 after purchasing an additional 2,194 shares during the last quarter. Aigen Investment Management LP bought a new position in Flushing Financial in the 1st quarter valued at $127,000. Cerity Partners LLC bought a new position in Flushing Financial in the 1st quarter valued at $191,000. Finally, Corebridge Financial Inc. raised its position in Flushing Financial by 14.1% in the 1st quarter. Corebridge Financial Inc. now owns 15,627 shares of the bank’s stock valued at $198,000 after purchasing an additional 1,931 shares during the last quarter. Institutional investors own 67.10% of the company’s stock.

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.