Insider Selling: 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 on Friday, November 1st. The shares were sold at an average price of $15.47, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Flushing Financial Trading Down 5.3 %

FFIC opened at $17.08 on Friday. The stock has a 50-day moving average of $14.73 and a 200 day moving average of $13.68. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.98. Flushing Financial Co. has a 12 month low of $10.74 and a 12 month high of $18.19. The firm has a market cap of $496.52 million, a P/E ratio of 19.63 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. Stockholders of record on Friday, September 6th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date was Friday, September 6th. Flushing Financial’s dividend payout ratio (DPR) is 101.15%.

Hedge Funds Weigh In On Flushing Financial

Large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its stake 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 buying an additional 2,000 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Flushing Financial in the 1st quarter worth about $32,000. EntryPoint Capital LLC purchased a new position in shares of Flushing Financial during the 1st quarter worth about $35,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Flushing Financial during the 2nd quarter valued at about $61,000. Finally, CWM LLC raised its position in 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 purchasing an additional 2,575 shares during the period. Institutional investors own 67.10% of the company’s stock.

Analysts Set New Price Targets

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

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.