Flushing Financial Co. (NASDAQ:FFIC - Get Free Report) EVP Thomas Buonaiuto sold 6,800 shares of Flushing Financial stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $12.92, for a total transaction of $87,856.00. Following the transaction, the executive vice president now directly owns 32,336 shares in the company, valued at $417,781.12. The trade was a 17.38 % 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 Up 0.9 %
FFIC traded up $0.12 during trading on Tuesday, reaching $13.18. The company had a trading volume of 401,446 shares, compared to its average volume of 215,264. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 0.94. Flushing Financial Co. has a 12 month low of $10.74 and a 12 month high of $18.59. The business's fifty day moving average price is $14.23 and its 200 day moving average price is $15.02. The company has a market cap of $445.18 million, a P/E ratio of -13.05 and a beta of 0.79.
Flushing Financial (NASDAQ:FFIC - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.07). Flushing Financial had a negative net margin of 6.46% and a positive return on equity of 3.25%. Equities analysts anticipate that Flushing Financial Co. will post 1.2 EPS for the current year.
Flushing Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.22 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.68%. Flushing Financial's dividend payout ratio (DPR) is presently -87.13%.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Flushing Financial from a "sell" rating to a "hold" rating in a research note on Monday.
Get Our Latest Stock Report on Flushing Financial
Institutional Trading of Flushing Financial
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Flushing Financial by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,813 shares of the bank's stock valued at $226,000 after purchasing an additional 684 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of Flushing Financial by 27.8% in the fourth quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank's stock valued at $92,000 after purchasing an additional 1,400 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Flushing Financial by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 234,974 shares of the bank's stock valued at $3,355,000 after purchasing an additional 1,738 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Flushing Financial in the fourth quarter valued at approximately $28,000. Finally, Y Intercept Hong Kong Ltd raised its holdings in shares of Flushing Financial by 15.3% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 16,758 shares of the bank's stock valued at $239,000 after purchasing an additional 2,219 shares during the last quarter. 67.10% of the stock is currently owned by institutional investors and hedge funds.
About Flushing Financial
(
Get Free Report)
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.
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