Peapack Gladstone Financial Raised By $9.52 Million Its Alleghany (Y) Holding; Last Week Flushing Financial (FFIC) Analysts

December 8, 2017 - By Peter Erickson

Among 5 analysts covering Flushing Financial (NASDAQ:FFIC), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. Flushing Financial had 13 analyst reports since August 25, 2015 according to SRatingsIntel. The stock of Flushing Financial Corporation (NASDAQ:FFIC) earned “Hold” rating by Keefe Bruyette & Woods on Friday, October 6. The rating was downgraded by Piper Jaffray on Thursday, October 29 to “Neutral”. The stock has “Sell” rating by Zacks on Tuesday, August 25. Keefe Bruyette & Woods maintained Flushing Financial Corporation (NASDAQ:FFIC) on Thursday, June 1 with “Hold” rating. Zacks downgraded the shares of FFIC in report on Wednesday, September 2 to “Sell” rating. The rating was maintained by Piper Jaffray with “Hold” on Thursday, July 13. The firm has “Hold” rating by Sandler O’Neill given on Wednesday, August 31. The rating was maintained by Piper Jaffray with “Hold” on Wednesday, August 2. The firm has “Hold” rating given on Thursday, November 30 by Sandler O’Neill. As per Wednesday, June 29, the company rating was initiated by Gabelli. See Flushing Financial Corporation (NASDAQ:FFIC) latest ratings:

30/11/2017 Broker: Sandler O’Neill Old Rating: Buy New Rating: Hold Downgrade
06/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $30.0 Maintain
08/08/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $30.0000 Maintain
02/08/2017 Broker: Piper Jaffray Rating: Hold New Target: $30.0000 Maintain
13/07/2017 Broker: Piper Jaffray Rating: Hold New Target: $28.0000 Maintain
05/07/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $30.0000 Maintain

Peapack Gladstone Financial Corp increased Alleghany Corp (Y) stake by 0.1% reported in 2017Q2 SEC filing. Peapack Gladstone Financial Corp acquired 16 shares as Alleghany Corp (Y)’s stock declined 10.28%. The Peapack Gladstone Financial Corp holds 16,786 shares with $9.98 billion value, up from 16,770 last quarter. Alleghany Corp now has $8.99 billion valuation. The stock increased 1.31% or $7.53 during the last trading session, reaching $584.41. About 178,192 shares traded or 148.35% up from the average. Alleghany Corporation (NYSE:Y) has risen 7.94% since December 8, 2016 and is uptrending. It has underperformed by 8.76% the S&P500.

The stock increased 0.58% or $0.16 during the last trading session, reaching $27.56. About 75,431 shares traded or 16.03% up from the average. Flushing Financial Corporation (NASDAQ:FFIC) has risen 38.61% since December 8, 2016 and is uptrending. It has outperformed by 21.91% the S&P500.

Flushing Financial Corporation operates as the bank holding firm for Flushing Bank that provides banking services and products primarily to consumers, businesses, and governmental units. The company has market cap of $782.04 million. The firm offers various deposit products, including checking and savings accounts, money market accounts, demand accounts, NOW accounts, and certificates of deposit. It has a 16.04 P/E ratio. The Company’s loan portfolio comprises mortgage loans secured by multi-family residential, commercial real estate, one-to-four family mixed-use property, one-to-four family residential property, and commercial business loans; construction loans; small business administration loans and other small business loans; mortgage loan surrogates, such as mortgage-backed securities; the United States government securities, corporate fixed-income securities, and other marketable securities; and consumer loans, including overdraft lines of credit.

Investors sentiment increased to 1.55 in Q2 2017. Its up 0.23, from 1.32 in 2017Q1. It is positive, as 6 investors sold Flushing Financial Corporation shares while 25 reduced holdings. 10 funds opened positions while 38 raised stakes. 22.18 million shares or 0.75% more from 22.01 million shares in 2017Q1 were reported. Cornerstone Cap Mngmt Holdg Limited Liability Corporation stated it has 0.01% in Flushing Financial Corporation (NASDAQ:FFIC). Blackrock reported 1.96M shares. Ameritas Inv Prns Inc accumulated 2,270 shares. Amer Intll Grp Inc holds 0% in Flushing Financial Corporation (NASDAQ:FFIC) or 17,232 shares. Tower Rech Capital Ltd Liability Corporation (Trc) reported 0% in Flushing Financial Corporation (NASDAQ:FFIC). Great West Life Assurance Can holds 4,743 shares. Alliancebernstein L P has invested 0% of its portfolio in Flushing Financial Corporation (NASDAQ:FFIC). 128,161 were accumulated by Schwab Charles Investment Management Inc. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Flushing Financial Corporation (NASDAQ:FFIC). Parametric Port Limited Liability Corp stated it has 0% in Flushing Financial Corporation (NASDAQ:FFIC). State Board Of Administration Of Florida Retirement Sys owns 22,573 shares or 0% of their US portfolio. Wells Fargo Mn holds 0% in Flushing Financial Corporation (NASDAQ:FFIC) or 30,381 shares. Meeder Asset reported 1,148 shares. Los Angeles Mgmt And Equity Research invested in 0% or 27,070 shares. Voya Management Ltd Llc stated it has 0% of its portfolio in Flushing Financial Corporation (NASDAQ:FFIC).

Among 2 analysts covering Alleghany (NYSE:Y), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Alleghany had 2 analyst reports since June 16, 2016 according to SRatingsIntel. As per Monday, September 11, the company rating was upgraded by JMP Securities. The stock of Alleghany Corporation (NYSE:Y) has “Buy” rating given on Thursday, June 16 by Citigroup.

Investors sentiment decreased to 0.92 in Q2 2017. Its down 0.21, from 1.13 in 2017Q1. It dived, as 33 investors sold Y shares while 112 reduced holdings. 34 funds opened positions while 99 raised stakes. 12.56 million shares or 0.17% less from 12.58 million shares in 2017Q1 were reported. New York State Teachers Retirement Sys holds 0.03% of its portfolio in Alleghany Corporation (NYSE:Y) for 21,100 shares. Balyasny Asset Management Limited Liability Corporation holds 10,946 shares. Michigan-based State Treasurer State Of Michigan has invested 0.03% in Alleghany Corporation (NYSE:Y). Rdl Financial Inc has invested 0.97% of its portfolio in Alleghany Corporation (NYSE:Y). Moreover, Hsbc Public Limited Co has 0.02% invested in Alleghany Corporation (NYSE:Y). Zacks Mngmt has invested 0.05% of its portfolio in Alleghany Corporation (NYSE:Y). Sumitomo Mitsui Asset Mngmt, Japan-based fund reported 1,063 shares. Pzena Investment Mngmt Ltd Company invested in 0% or 602 shares. Hermes Inv Mgmt Limited has 62,196 shares for 0.6% of their portfolio. Robeco Institutional Asset Mgmt Bv has 81,932 shares. Pax Mngmt Lc, a New Hampshire-based fund reported 24,286 shares. Ubs Asset Mgmt Americas holds 0% or 69,390 shares in its portfolio. Keybank Natl Association Oh holds 0% in Alleghany Corporation (NYSE:Y) or 567 shares. Jpmorgan Chase Company holds 0.05% or 345,474 shares in its portfolio. Voya Ltd Llc owns 5,636 shares.

Peapack Gladstone Financial Corp decreased Ishares Nasdaq Biotech Etf (IBB) stake by 660 shares to 23,461 valued at $7.27 billion in 2017Q2. It also reduced Fortive Corp stake by 3,479 shares and now owns 17,442 shares. Amgen Inc (NASDAQ:AMGN) was reduced too.