Flushing Financial Corp Gets a Hold Rating from Piper Jaffray

By Austin Angelo

Piper Jaffray analyst Matthew Breese reiterated a Hold rating on Flushing Financial Corp (NASDAQ: FFIC) on November 6 and set a price target of $28. The company’s shares closed yesterday at $26.92.

According to TipRanks.com, Breese is a 4-star analyst with an average return of 7.7% and a 68.3% success rate. Breese covers the Financial sector, focusing on stocks such as Univest Corporation Of Pennsylvania, Western New England Bancorp Inc, and First Connecticut Bancorp Inc.

Flushing Financial Corp has an analyst consensus of Hold, with a price target consensus of $30.

Flushing Financial Corp’s market cap is currently $775.8M and has a P/E ratio of 15.74. The company has a book value ratio of 1.4378.

Based on the recent corporate insider activity of 49 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 Lake Success, NY.