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

Flushing Financial Co. (NASDAQ:FFIC) CAO Astrid Burrowes sold 8,000 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $16.19, for a total transaction of $129,520.00. Following the sale, the chief accounting officer now owns 34,853 shares in the company, valued at $564,270.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Flushing Financial Stock Performance

FFIC stock opened at $15.38 on Friday. Flushing Financial Co. has a twelve month low of $10.74 and a twelve month high of $18.00. The firm has a market cap of $447.10 million, a price-to-earnings ratio of 17.68 and a beta of 0.75. The business’s fifty day simple moving average is $14.55 and its two-hundred day simple moving average is $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 business also recently declared 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 of this dividend was Friday, September 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 grew 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 worth $30,000 after acquiring an additional 2,000 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Flushing Financial in the first quarter valued at approximately $32,000. EntryPoint Capital LLC bought a new position in Flushing Financial in the first quarter worth approximately $35,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Flushing Financial during the 2nd quarter worth $61,000. Finally, CWM LLC raised its position in Flushing Financial by 87.0% during the 2nd quarter. CWM LLC now owns 5,534 shares of the bank’s stock valued at $73,000 after purchasing an additional 2,575 shares in the last quarter. Institutional investors own 67.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com raised Flushing Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. Raymond James raised their price target on Flushing Financial from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Piper Sandler cut shares of Flushing Financial from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $15.00 to $16.50 in a research report on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Flushing Financial from $13.00 to $15.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.50.

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.