Thomas Buonaiuto Sells 6,800 Shares of Flushing Financial Co. (NASDAQ:FFIC) Stock

Flushing Financial Co. (NASDAQ:FFIC) EVP Thomas Buonaiuto sold 6,800 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $12.92, for a total value of $87,856.00. Following the transaction, the executive vice president now directly owns 32,336 shares of the company’s stock, valued at approximately $417,781.12. This trade represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Flushing Financial Price Performance

NASDAQ:FFIC opened at $13.10 on Friday. Flushing Financial Co. has a 12-month low of $10.74 and a 12-month high of $18.59. The firm has a market cap of $442.48 million, a price-to-earnings ratio of -12.97 and a beta of 0.79. The company’s 50-day moving average is $14.28 and its two-hundred day moving average is $15.04. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.27.

Flushing Financial (NASDAQ:FFIC) last announced its earnings results on Tuesday, January 28th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). Flushing Financial had a positive return on equity of 3.25% and a negative net margin of 6.46%. Research analysts expect that Flushing Financial Co. will post 1.2 EPS for the current year.

Flushing Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 6.72%. The ex-dividend date of this dividend is Friday, March 14th. Flushing Financial’s dividend payout ratio (DPR) is currently -87.13%.

Institutional Trading of Flushing Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd acquired a new position in Flushing Financial during the fourth quarter valued at approximately $28,000. US Bancorp DE raised its stake in shares of Flushing Financial by 496.0% in the 4th quarter. US Bancorp DE now owns 3,725 shares of the bank’s stock valued at $53,000 after acquiring an additional 3,100 shares during the period. Quarry LP acquired a new position in shares of Flushing Financial during the 4th quarter valued at $73,000. New York State Common Retirement Fund increased its holdings in Flushing Financial by 27.8% in the 4th quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank’s stock valued at $92,000 after purchasing an additional 1,400 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of Flushing Financial by 64.1% during the third quarter. FMR LLC now owns 7,259 shares of the bank’s stock worth $106,000 after purchasing an additional 2,836 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Flushing Financial from a “hold” rating to a “sell” rating in a report on Friday, January 31st.

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.