Flushing Financial traded at $15.42 this Friday May 15th, decreasing $0.31 or 1.97 percent since the previous trading session. Looking back, over the last four weeks, Flushing Financial lost 2.84 percent. Over the last 12 months, its price rose by 20.56 percent. Looking ahead, we forecast Flushing Financial to be priced at 15.11 by the end of this quarter and at 14.22 in one year, according to Trading Economics global macro models projections and analysts expectations.
Flushing Financial Corporation is the bank holding company for Flushing Bank (the Bank). The Bank’s 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 loans, commercial business loans, commercial real estate mortgage loans, small business administration loans, construction loans, mortgage loan, the United States government securities, corporate fixed-income securities and other marketable securities. The Bank also operates an Internet branch, which operates under the brands of iGObanking.com and BankPurely. It also owns Flushing Financial Capital Trust II, Flushing Financial Capital Trust III and Flushing Financial Capital Trust IV. The Bank's subsidiaries include Flushing Preferred Funding Corporation, Flushing Service Corporation and FSB Properties Inc.