Insider Buying: Flushing Financial Co. (NASDAQ:FFIC) Director Acquires 1,180 Shares of Stock

Flushing Financial Co. (NASDAQ:FFIC) Director Michael A. Azarian bought 1,180 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $15.25 per share, for a total transaction of $17,995.00. Following the completion of the transaction, the director now owns 33,691 shares in the company, valued at $513,787.75. This trade represents a 3.63 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Flushing Financial Price Performance

Shares of FFIC stock traded up $0.17 during mid-day trading on Monday, hitting $15.26. 1,120,272 shares of the stock were exchanged, compared to its average volume of 192,801. The company has a market cap of $443.59 million, a PE ratio of 17.34 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 firm has a fifty day moving average of $16.47 and a 200 day moving average of $14.63. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.27.

Flushing Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date is Friday, December 6th. Flushing Financial’s dividend payout ratio (DPR) is 101.15%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted 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 purchasing an additional 2,000 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Flushing Financial in the 2nd quarter valued at approximately $61,000. CWM LLC increased its holdings 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 purchasing an additional 2,575 shares during the last quarter. FMR LLC increased its holdings in Flushing Financial by 64.1% in the 3rd quarter. FMR LLC now owns 7,259 shares of the bank’s stock valued at $106,000 after purchasing an additional 2,836 shares during the last quarter. Finally, Perritt Capital Management Inc purchased a new position in Flushing Financial in the 2nd quarter valued at approximately $132,000. 67.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Flushing Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Flushing Financial 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.