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

Flushing Financial Co. (NASDAQ:FFIC - Get Free Report) Director Sam Sang Ki Han sold 10,000 shares of Flushing Financial stock in a transaction dated 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 transaction, the director now directly owns 67,251 shares of the company's stock, valued at approximately $1,040,372.97. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Flushing Financial Stock Performance

Shares of NASDAQ:FFIC traded up $0.27 during mid-day trading on Tuesday, reaching $15.46. 87,997 shares of the company traded hands, compared to its average volume of 181,052. The company's 50 day moving average price is $14.57 and its 200-day moving average price is $13.60. The firm has a market cap of $449.42 million, a PE ratio of 17.77 and a beta of 0.75. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.01 and a quick ratio of 1.01. Flushing Financial Co. has a 52 week low of $10.74 and a 52 week high of $18.00.

Flushing Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.88 annualized dividend and a yield of 5.69%. Flushing Financial's payout ratio is 101.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FFIC shares. Raymond James boosted their price target on Flushing Financial from $16.00 to $17.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods boosted their price target on Flushing Financial from $13.00 to $15.00 and gave the company a "market perform" rating in a research note on Thursday, August 1st. StockNews.com upgraded Flushing Financial from a "sell" rating to a "hold" rating in a research note on Monday, October 28th. Finally, Piper Sandler downgraded 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 research note on Tuesday, July 30th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $15.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Flushing Financial by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 1,609,430 shares of the bank's stock worth $20,295,000 after purchasing an additional 5,933 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Flushing Financial by 0.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,209,250 shares of the bank's stock worth $15,249,000 after acquiring an additional 11,285 shares in the last quarter. Dana Investment Advisors Inc. raised its holdings in shares of Flushing Financial by 11.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 453,198 shares of the bank's stock worth $5,960,000 after acquiring an additional 46,800 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Flushing Financial by 16.1% during the 2nd quarter. American Century Companies Inc. now owns 452,209 shares of the bank's stock worth $5,947,000 after acquiring an additional 62,659 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Flushing Financial by 38.1% during the 2nd quarter. Acadian Asset Management LLC now owns 370,758 shares of the bank's stock worth $4,874,000 after acquiring an additional 102,219 shares in the last quarter. 67.10% of the stock is currently owned by institutional investors.

About Flushing Financial

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.