Flushing Financial Shareholders Approve Merger with OceanFirst

Flushing Financial ( (FFIC) ) has provided an update.

On April 6, 2026, Flushing Financial and OceanFirst Financial reported that Flushing shareholders had approved the merger agreement under which a wholly‑owned OceanFirst subsidiary will first merge into Flushing, followed by Flushing’s merger into OceanFirst, with each Flushing share converted into 0.85 OceanFirst share plus cash in lieu of fractional shares. At Flushing’s special meeting held with a quorum of 24.8 million shares represented, investors also backed on an advisory basis the compensation payable to named executive officers in connection with the deal, while the transaction advanced further with required approvals from New York’s banking regulator and the Office of the Comptroller of the Currency already secured, leaving Federal Reserve clearance and customary closing conditions as the remaining hurdles.

The most recent analyst rating on (FFIC) stock is a Hold with a $15.00 price target. To see the full list of analyst forecasts on Flushing Financial stock, see the FFIC Stock Forecast page.

Spark’s Take on FFIC Stock

According to Spark, TipRanks’ AI Analyst, FFIC is a Neutral.

The score is held back primarily by weak financial quality signals—especially the 2025 zero operating/free cash flow—and profitability that remains well below prior-cycle levels, despite a return to net profitability and improved leverage. Technicals are also soft with negative MACD and price below key moving averages. These are partly offset by a high dividend yield and a supportive M&A catalyst pending approvals.

To see Spark’s full report on FFIC stock, click here.

More about Flushing Financial

Flushing Financial Corporation, listed on Nasdaq as FFIC, is the holding company for Flushing Bank, an FDIC‑insured New York State‑chartered commercial bank with branches in Queens, Brooklyn, Manhattan and Long Island. The bank offers a full suite of deposit, loan, equipment finance and cash management services, as well as nationwide online banking via its iGObanking and BankPurely brands, with a strong focus on multicultural and real estate lending markets.

OceanFirst Financial Corp., traded on Nasdaq as OCFC, is the holding company for OceanFirst Bank N.A., a $14.6 billion regional bank founded in 1902 and headquartered in New Jersey. It provides commercial and residential financing, treasury management, trust and asset management, and deposit services to business and retail customers across New Jersey and major metropolitan areas from Massachusetts through Virginia.

Average Trading Volume: 302,728

Technical Sentiment Signal: Strong Buy

Current Market Cap: $527.9M

See more insights into FFIC stock on TipRanks’ Stock Analysis page.