Insider Selling: Flushing Financial Co. (NASDAQ:FFIC) Director Sells 10,000 Shares of Stock

Flushing Financial Co. (NASDAQ:FFIC) Director Sam Sang Ki Han sold 10,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $15.47, for a total value of $154,700.00. Following the completion of the sale, the director now owns 67,251 shares in the company, valued at approximately $1,040,372.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Flushing Financial Trading Down 5.3 %

NASDAQ FFIC opened at $17.08 on Friday. Flushing Financial Co. has a one year low of $10.74 and a one year high of $18.19. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $496.52 million, a price-to-earnings ratio of 19.63 and a beta of 0.75. The company’s 50-day simple moving average is $14.73 and its two-hundred day simple moving average is $13.68.

Flushing Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend was Friday, September 6th. Flushing Financial’s payout ratio is 101.15%.

Analyst Upgrades and Downgrades

FFIC has been the topic of several recent analyst reports. Raymond James raised their price target on shares of Flushing Financial from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods lifted their price target on shares of Flushing Financial from $13.00 to $15.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Piper Sandler lowered Flushing Financial from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $15.00 to $16.50 in a report on Tuesday, July 30th. Finally, StockNews.com upgraded Flushing Financial from a “sell” rating to a “hold” rating in a report on Thursday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.50.

Hedge Funds Weigh In On Flushing Financial

A number of large investors have recently bought and sold shares of the business. Quest Partners LLC boosted its position in Flushing Financial by 123.5% during the 3rd quarter. Quest Partners LLC now owns 27,383 shares of the bank’s stock valued at $399,000 after acquiring an additional 15,129 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Flushing Financial by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 92,312 shares of the bank’s stock worth $1,346,000 after purchasing an additional 4,690 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of Flushing Financial by 59.3% during the 3rd quarter. GSA Capital Partners LLP now owns 107,142 shares of the bank’s stock worth $1,562,000 after purchasing an additional 39,872 shares during the last quarter. EMC Capital Management boosted its position in Flushing Financial by 163.0% during the third quarter. EMC Capital Management now owns 22,904 shares of the bank’s stock valued at $334,000 after purchasing an additional 14,195 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Flushing Financial by 4,000.0% in the third quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock valued at $30,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors own 67.10% of the company’s stock.

Flushing Financial Company Profile

Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. It offers various deposit products, including checking and savings accounts, money market accounts, non-interest bearing demand accounts, NOW accounts, and certificates of deposit.