Flushing Financial’s SEVP Thomas Buonaiuto buys $19,992 in common stock
Additionally, Buonaiuto holds 5,859 shares indirectly through a 401(k) plan and 222 shares through spousal ownership.
Additionally, Buonaiuto holds 5,859 shares indirectly through a 401(k) plan and 222 shares through spousal ownership.
Additionally, Buonaiuto holds 5,859 shares indirectly through a 401(k) plan and 222 shares through spousal ownership.
In other recent news, Flushing Financial (NASDAQ:) Corporation has been under the spotlight due to a series of developments. The company recently announced a significant $70 million common equity raise aimed at restructuring its balance sheet, a move intended to enhance profitability and expedite an improvement in earnings. This development was highlighted by Raymond (NS:) James, which increased its price target for the company to $19.00 from the previous $17.00, maintaining an Outperform rating.
The company’s strong third quarter performance was marked by GAAP earnings per share posted at $0.30 and core earnings at $0.26. There was a notable growth in net interest income, which rose by 6.6%, and an improvement in net interest margin by five basis points. Flushing Financial Corporation also reported strong liquidity with $3.9 billion on hand.
DA Davidson also adjusted their stock price target for the company to $16.00 from the previous $14.00, maintaining a neutral rating. This decision was influenced by the company’s pre-provision net revenue that surpassed expectations. The company’s strategic focus on community involvement and growth potential in Asian markets were among the recent developments.
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