Flushing Financial Corp Receives a Buy from Sandler O’Neill

By Austin Angelo

Sandler O’Neill analyst Mark Fitzgibbon reiterated a Buy rating on Flushing Financial Corp (NASDAQ: FFIC) yesterday and set a price target of $30. The company’s shares closed yesterday at $26.15.

According to TipRanks.com, Fitzgibbon is a 2-star analyst with an average return of 1.9% and a 53.1% success rate. Fitzgibbon covers the Financial sector, focusing on stocks such as Western New England Bancorp Inc, Provident Financial Services, and PCSB Financial Corporation.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Flushing Financial Corp with a $28.33 average price target.

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The company has a one-year high of $31.45 and a one-year low of $24.59. Currently, Flushing Financial Corp has an average volume of 62.05K.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative 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.