Flushing Financial Corporation (FFIC) is Initiated by Gabelli & Co to Buy, Price Target at $27

Flushing Financial Corporation (FFIC) was Initiated by Gabelli & Co to “Buy” and the brokerage firm has set the Price Target at $27. Gabelli & Co advised their investors in a research report released on Jun 29, 2016.

On the company’s financial health, Flushing Financial Corporation reported $0.33 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $0.34.Analysts expectations of $ 42.96.During the same quarter in the previous year, the company posted $0.31 EPS.

Flushing Financial Corporation closed down -0.7 points or -3.54% at $19.08 with 98,947 shares getting traded on Monday. Post opening the session at $19.47, the shares hit an intraday low of $19.02 and an intraday high of $19.47 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 16, 2016, Caterina Depasquale (Senior Vice President) sold 1,025 shares at $20.22 per share price. According to the SEC, 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 iGObanking.com. The Bank has a business banking unit which provides a range of commercial business deposit loan and cash management products.

Flushing Financial Corporation

Leave a Reply

Flushing Financial Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Flushing Financial Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.