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Piper Sandler gives a Neutral recommendation for Flushing Financial Corp (FFIC)

Flushing Financial Corp’s filing revealed that its Director Azarian Michael A acquired Company’s shares for reported $17995.0 on Dec 12 ’24. In the deal valued at $15.25 per share,1,180 shares were bought. As a result of this transaction, Azarian Michael A now holds 33,691 shares worth roughly $0.49 million.

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Then, BURAN JOHN R bought 2,295 shares, generating $34,999 in total proceeds. Upon buying the shares at $15.25, the President & CEO now owns 113,372 shares.

Before that, Cullen Susan bought 2,623 shares. Flushing Financial Corp shares valued at $40,001 were divested by the SEVP at a price of $15.25 per share. As a result of the transaction, Cullen Susan now holds 76,030 shares, worth roughly $1.1 million.

Piper Sandler downgraded its Flushing Financial Corp [FFIC] rating to a Neutral from a an Overweight in a research note published on July 30, 2024; the price target was increased to $16.50 from $15. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late August with a ‘”an Outperform”‘ rating. DA Davidson began covering FFIC with “Neutral” recommendation on March 19, 2021. Keefe Bruyette revised its rating on November 04, 2019. It rated FFIC as “an Underperform” which previously was an “a Mkt perform”.

Price Performance Review of FFIC

On Tuesday, Flushing Financial Corp [NASDAQ:FFIC] saw its stock jump 2.76% to $14.50. Over the last five days, the stock has lost -3.20%. Flushing Financial Corp shares have fallen nearly -12.01% since the year began. Nevertheless, the stocks have fallen -14.40% over the past one year. While a 52-week high of $18.59 was reached on 11/25/24, a 52-week low of $10.74 was recorded on 04/16/24. SMA at 50 days reached $16.42, while 200 days put it at $13.94.

Levels Of Support And Resistance For FFIC Stock

The 24-hour chart illustrates a support level at 14.25, which if violated will result in even more drops to 13.99. On the upside, there is a resistance level at 14.63. A further resistance level may holdings at 14.75. The Relative Strength Index (RSI) on the 14-day chart is 33.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.22%. Stochastics %K at 8.37% indicates the stock is a buying.

How much short interest is there in Flushing Financial Corp?

A steep rise in short interest was recorded in Flushing Financial Corp stocks on 2024-11-29, dropping by 83116.0 shares to a total of 0.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.55 million shares. There was a decline of -17.67%, which implies that there is a negative sentiment for the stock.

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