Flushing Financial Corp (FFIC) Gets a Hold Rating from Piper Jaffray


Piper Jaffray analyst Matthew Breese reiterated a Hold rating on Flushing Financial Corp (NASDAQ: FFIC) today and set a price target of $25.50. The company’s shares opened today at $24.92, close to its 52-week low of $24.59.

According to TipRanks.com, Breese is a 4-star analyst with an average return of 8.2% and a 69.7% success rate. Breese covers the Financial sector, focusing on stocks such as Metropolitan Bank Holding Corp, Provident Financial Services, and Meridian Interstate Bancorp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Flushing Financial Corp with a $27.33 average price target, implying a 9.7% upside from current levels. In a report issued on July 25, KBW also reiterated a Hold rating on the stock with a $26.50 price target.

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Flushing Financial Corp’s market cap is currently $710.8M and has a P/E ratio of 17.41. The company has a Price to Book ratio of 1.32.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock.

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Flushing Financial Corp. operates as a bank holding company for Flushing Savings Bank, which provides banking and financial services. Its principal business is attracting retail deposits from the general public and investing those deposits together with funds generated from ongoing operations and borrowings, primarily in originations and purchases of multi-family residential properties, commercial business loans, commercial real estate mortgage loans, construction loans, small business administration loans and other small business loans, mortgage loan, U.S. government securities, corporate fixed-income securities and other marketable securities. The company was founded on May 9, 1994 and is headquartered in New York, NY.

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