Flushing Financial Co. (NASDAQ:FFIC) EVP Acquires $19,992.75 in Stock

Flushing Financial Co. (NASDAQ:FFIC) EVP Thomas Buonaiuto acquired 1,311 shares of Flushing Financial stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $15.25 per share, with a total value of $19,992.75. Following the purchase, the executive vice president now directly owns 33,684 shares of the company’s stock, valued at approximately $513,681. This trade represents a 4.05 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Flushing Financial Price Performance

FFIC stock opened at $14.27 on Thursday. The company has a market capitalization of $414.81 million, a P/E ratio of 16.40 and a beta of 0.78. Flushing Financial Co. has a 52-week low of $10.74 and a 52-week high of $18.59. The business has a 50-day simple moving average of $16.51 and a two-hundred day simple moving average of $14.66. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.94 and a current ratio of 0.94.

Flushing Financial Dividend Announcement

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 issued a dividend of $0.22 per share. The ex-dividend date is Friday, December 6th. This represents a $0.88 annualized dividend and a yield of 6.17%. Flushing Financial’s dividend payout ratio (DPR) is currently 101.15%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Flushing Financial from a “sell” rating to a “hold” rating in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Flushing Financial currently has a consensus rating of “Hold” and an average target price of $15.50.

Hedge Funds Weigh In On Flushing Financial

Several large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its stake in shares of 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. Point72 Asia Singapore Pte. Ltd. bought a new stake in Flushing Financial in the 2nd quarter worth about $61,000. CWM LLC increased its stake in Flushing Financial by 87.0% in the 2nd quarter. CWM LLC now owns 5,534 shares of the bank’s stock valued at $73,000 after buying an additional 2,575 shares during the last quarter. FMR LLC lifted its position in shares of 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 buying an additional 2,836 shares in the last quarter. Finally, Perritt Capital Management Inc purchased a new position in shares of Flushing Financial in the 2nd quarter worth approximately $132,000. 67.10% of the stock is currently owned by institutional investors.

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.