Insider Buying: Flushing Financial Co. (NASDAQ:FFIC) Director Buys $17,995.00 in Stock

Flushing Financial Co. (NASDAQ:FFIC) Director Michael A. Azarian acquired 1,180 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $15.25 per share, for a total transaction of $17,995.00. Following the transaction, the director now directly owns 33,691 shares of the company’s stock, valued at approximately $513,787.75. The trade was a 3.63 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Flushing Financial Stock Performance

Shares of Flushing Financial stock opened at $14.27 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.27. The stock’s fifty day moving average is $16.51 and its two-hundred day moving average is $14.66. Flushing Financial Co. has a 52 week low of $10.74 and a 52 week high of $18.59. The company has a market capitalization of $414.81 million, a PE ratio of 16.40 and a beta of 0.78.

Flushing Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend is Friday, December 6th. Flushing Financial’s dividend payout ratio is presently 101.15%.

Institutional Investors Weigh In On Flushing Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its position in shares of 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 acquiring an additional 2,000 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Flushing Financial in the second quarter worth approximately $61,000. CWM LLC grew its stake in Flushing Financial by 87.0% in the second quarter. CWM LLC now owns 5,534 shares of the bank’s stock worth $73,000 after purchasing an additional 2,575 shares in the last quarter. FMR LLC increased its holdings in Flushing Financial by 64.1% during the 3rd quarter. FMR LLC now owns 7,259 shares of the bank’s stock worth $106,000 after purchasing an additional 2,836 shares during the period. Finally, Perritt Capital Management Inc bought a new stake in Flushing Financial during the 2nd quarter valued at $132,000. Institutional investors own 67.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Flushing Financial from a “sell” rating to a “hold” rating in a report on Wednesday, December 11th. Four 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, Flushing Financial 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.