Flushing Financial Corporation (FFIC) Plunges 5.1%

Flushing Financial Corporation (FFIC) Plunges 5.1%

Flushing Financial Corporation (FFIC) had a rough trading day for Monday November 04 as shares tumbled 5.1%, or a loss of $-1.12 per share, to close at $20.82. After opening the day at $21.64, shares of Flushing Financial Corporation traded as high as $21.85 and as low as $20.75. Volume was 164,083 shares over 2,072 trades, against an average daily volume of n/a shares and a total float of 28.19 million.

As a result of the decline, Flushing Financial Corporation now has a market cap of $586.87 million. In the last year, shares of Flushing Financial Corporation have traded between a range of $23.75 and $18.80, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

Flushing Financial Corp operates as a bank holding company, which is engaged in the provision of banking and financial services. The Bank serves consumers, businesses, professionals, corporate clients, and public entities by offering a full complement of deposit, loan, equipment finance, and cash management services through its banking offices. Its 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 properties, commercial business loans, commercial real estate mortgage loans, construction loans, small business administration loans and other small business loans.

Flushing Financial Corporation is based out of Uniondale, NY and has some 480 employees. Its CEO is John R. Buran.

Flushing Financial Corporation is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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