Flushing Financial (NASDAQ:FFIC) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Flushing Financial Corporation (NASDAQ:FFIC)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.04 and traded as high as $14.80. Flushing Financial shares last traded at $14.58, with a volume of 427,272 shares traded.

Analysts Set New Price Targets

Several research firms have recently weighed in on FFIC. Wall Street Zen lowered shares of Flushing Financial from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Flushing Financial in a report on Monday, December 29th. Zacks Research downgraded shares of Flushing Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Raymond James Financial lowered shares of Flushing Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Flushing Financial has a consensus rating of “Reduce”.

Flushing Financial Price Performance

The company has a 50-day moving average of $15.92 and a 200 day moving average of $14.04. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $492.51 million, a PE ratio of -12.25 and a beta of 0.81.

Flushing Financial (NASDAQ:FFIC) last announced its quarterly earnings data on Tuesday, February 15th. The bank reported $0.58 earnings per share for the quarter. Flushing Financial had a positive return on equity of 4.98% and a negative net margin of 6.93%.The company had revenue of $54.81 million for the quarter. Sell-side analysts predict that Flushing Financial Corporation will post 1.2 EPS for the current year.

Flushing Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Friday, December 5th. Flushing Financial’s dividend payout ratio is currently -73.95%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FFIC. Tower Research Capital LLC TRC grew its position in shares of Flushing Financial by 75.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,847 shares of the bank’s stock valued at $46,000 after purchasing an additional 1,650 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its stake in Flushing Financial by 37.0% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 8,119 shares of the bank’s stock worth $96,000 after buying an additional 2,194 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new position in Flushing Financial during the third quarter worth $147,000. ProShare Advisors LLC purchased a new stake in Flushing Financial in the 3rd quarter valued at $152,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Flushing Financial in the 3rd quarter worth $177,000. 67.10% of the stock is owned by hedge funds and other institutional investors.

About Flushing Financial

Flushing Financial Corporation is the bank holding company for Flushing Bank, a community-oriented financial institution headquartered in Flushing, Queens, New York. Tracing its origins to the founding of Flushing Bank in 1929, the holding company was established in 2006 to support the bank’s growth and diversification. Flushing Financial operates under the Nasdaq ticker FFIC, delivering a full suite of banking services to personal, commercial and institutional customers.

The company’s primary business activities include deposit-taking, consumer and commercial lending, mortgage banking and treasury management.