Flushing Financial Co. (NASDAQ:FFIC) Director Sells $154,700.00 in Stock

Flushing Financial Co. (NASDAQ:FFIC) Director Sam Sang Ki Han sold 10,000 shares of Flushing Financial stock in a transaction dated Friday, November 1st. The shares were 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 of the company’s stock, valued at $1,040,372.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Flushing Financial Stock Up 0.8 %

NASDAQ FFIC traded up $0.12 on Tuesday, reaching $15.31. The company had a trading volume of 19,387 shares, compared to its average volume of 180,720. The company’s fifty day moving average is $14.57 and its 200-day moving average is $13.60. Flushing Financial Co. has a 1-year low of $10.74 and a 1-year high of $18.00. 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 firm has a market capitalization of $445.06 million, a price-to-earnings ratio of 17.46 and a beta of 0.75.

Flushing Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.88 dividend on an annualized basis and a yield of 5.75%. Flushing Financial’s dividend payout ratio is currently 101.15%.

Wall Street Analyst Weigh In

Several analysts have issued reports on FFIC shares. StockNews.com upgraded Flushing Financial from a “sell” rating to a “hold” rating in a report on Monday, October 28th. Keefe, Bruyette & Woods raised their price target on Flushing Financial from $13.00 to $15.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Piper Sandler cut Flushing Financial from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $15.00 to $16.50 in a report on Tuesday, July 30th. Finally, Raymond James upped their target price on Flushing Financial from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Flushing Financial currently has an average rating of “Hold” and a consensus target price of $15.50.

Hedge Funds Weigh In On Flushing Financial

A number of hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its holdings in Flushing Financial by 4,000.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock worth $30,000 after purchasing an additional 2,000 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Flushing Financial in the 1st quarter valued at $32,000. EntryPoint Capital LLC purchased a new stake in Flushing Financial during the 1st quarter valued at $35,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Flushing Financial in the 2nd quarter worth about $61,000. Finally, CWM LLC increased its stake in shares of Flushing Financial by 87.0% in the 2nd quarter. CWM LLC now owns 5,534 shares of the bank’s stock worth $73,000 after acquiring an additional 2,575 shares in 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.