Flushing Financial Co. (NASDAQ:FFIC) CAO Sells $129,520.00 in Stock

Flushing Financial Co. (NASDAQ:FFIC - Get Free Report) CAO Astrid Burrowes sold 8,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $16.19, for a total value of $129,520.00. Following the sale, the chief accounting officer now directly owns 34,853 shares of the company's stock, valued at $564,270.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Flushing Financial Price Performance

NASDAQ FFIC traded down $0.29 during mid-day trading on Friday, hitting $15.38. The stock had a trading volume of 96,706 shares, compared to its average volume of 181,705. Flushing Financial Co. has a 52-week low of $10.74 and a 52-week high of $18.00. The company has a market cap of $447.08 million, a price-to-earnings ratio of 17.68 and a beta of 0.75. The company has a 50 day simple moving average of $14.55 and a 200 day simple moving average of $13.54. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.98.

Flushing Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 5.72%. The ex-dividend date was Friday, September 6th. Flushing Financial's payout ratio is currently 101.15%.

Wall Street Analysts Forecast Growth

FFIC has been the subject of several recent analyst reports. Raymond James raised their price target on Flushing Financial from $16.00 to $17.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. 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. 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. Finally, StockNews.com raised Flushing Financial from a "sell" rating to a "hold" rating in a report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Flushing Financial currently has an average rating of "Hold" and an average target price of $15.50.

Hedge Funds Weigh In On Flushing Financial

Hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its stake in Flushing Financial by 4,000.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank's stock valued at $30,000 after purchasing an additional 2,000 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Flushing Financial during the first quarter worth $32,000. EntryPoint Capital LLC purchased a new position in Flushing Financial during the first quarter worth $35,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Flushing Financial during the second quarter worth $61,000. Finally, CWM LLC increased its position in Flushing Financial by 87.0% during the second quarter. CWM LLC now owns 5,534 shares of the bank's stock worth $73,000 after buying an additional 2,575 shares in the last quarter. 67.10% of the stock is owned by hedge funds and other 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.