Recent important positive changes in fundamentals have benefitted Flushing Financial Corp (NASDAQ: FFIC): the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
Flushing Financial Corp (NASDAQ: FFIC) has benefited from meaningful positive changes in investment behavior: positive upside/downside volume developed.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, FFIC is expected to be Value Creation neutral.
Flushing Financial has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Flushing Financial has a slightly positive Appreciation Score of 67 and a good Power Rating of 75, triggering the Positive Value Trend Rating.
Recent Price Action
On 12/15/23, Flushing Financial Corp (NASDAQ: FFIC) stock was unchanged 0.0%, closing at $16.61. Moreover, exceptionally high trading volume at 392% of normal accompanied the flat performance. Relative to the market the stock has been strong over the last nine months and has risen 9.9% during the last week.
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