Keefe Bruyette & Woods Maintains Flushing Financial Corporation to Market Perform with Price Target $22.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Flushing Financial Corporation(NASDAQ:FFIC). In a research note issued to the investors, the brokerage major Raises the price-target to $22.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Aug 1, 2016.

In a different note, Gabelli & Co. said it Initiates Coverage on Flushing Financial Corporation, according to a research note issued on Jun 29, 2016. The shares have been rated ‘Buy’ by the firm.

Flushing Financial Corporation (FFIC) made into the market gainers list on Mondays trading session with the shares advancing 0.13% or 0.03 points. Due to strong positive momentum, the stock ended at $22.62, which is also near the day’s high of $22.63. The stock began the session at $22.56 and the volume stood at 41,139 shares. The 52-week high of the shares is $23.07 and the 52 week low is $18.95. The company has a current market capitalization of $655 M and it has 2,89,69,566 shares in outstanding.

Flushing Financial Corporation(FFIC) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $41.89M. Analysts had an estimated revenue of $43.81M. Earnings per share were $0.39. Analysts had estimated an EPS of $0.38.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Caterina Depasquale (Senior Vice President) sold 1,025 shares at $20.22 per share price.Also, On Jun 3, 2016, John R Buran (President & CEO) sold 8,000 shares at $20.94 per share price.On May 31, 2016, Donna M Obrien (director) sold 4,800 shares at $20.99 per share price, according to the Form-4 filing with the securities and exchange commission.

Flushing Financial Corporation is the bank holding company for Flushing Bank (the Bank). The Company is a community-oriented financial institution offering a range of financial services. As of December 31 2014 the Bank owned three subsidiaries: Flushing Preferred Funding Corporation (FPFC) Flushing Service Corporation and FSB Properties Inc. (Properties). The Company also owns Flushing Financial Capital Trust II Flushing Financial Capital Trust III and Flushing Financial Capital Trust IV (the Trusts). The Company provides a range of lending and deposit products. As of December 31 2014 the Bank operated out of 17 full-service offices located in the New York City Boroughs of Queens Brooklyn and Manhattan and in Nassau County New York. The Company also operates an Internet branch The Bank has a business banking unit which provides a range of commercial business deposit loan and cash management products.

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