Insider Buying: Flushing Financial Co. (NASDAQ:FFIC) EVP Buys 1,311 Shares of Stock

Flushing Financial Co. (NASDAQ:FFIC) EVP Thomas Buonaiuto purchased 1,311 shares of Flushing Financial stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $15.25 per share, with a total value of $19,992.75. Following the transaction, the executive vice president now owns 33,684 shares of the company’s stock, valued at $513,681. This trade represents a 4.05 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Flushing Financial Stock Down 4.7 %

Shares of NASDAQ FFIC opened at $14.27 on Thursday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $414.81 million, a PE ratio of 16.40 and a beta of 0.78. Flushing Financial Co. has a one year low of $10.74 and a one year high of $18.59. The business’s fifty day moving average price is $16.51 and its 200-day moving average price is $14.66.

Flushing Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 6.17%. The ex-dividend date is Friday, December 6th. Flushing Financial’s dividend payout ratio (DPR) is presently 101.15%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Flushing Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, 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 modified their holdings of FFIC. Nisa Investment Advisors LLC lifted its stake in shares of Flushing Financial by 4,000.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock valued at $30,000 after buying an additional 2,000 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Flushing Financial in the 2nd quarter valued at approximately $61,000. CWM LLC raised its holdings 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 acquiring an additional 2,575 shares during the period. FMR LLC lifted its position in shares of Flushing Financial by 64.1% during the third quarter. FMR LLC now owns 7,259 shares of the bank’s stock worth $106,000 after acquiring an additional 2,836 shares in the last quarter. Finally, Perritt Capital Management Inc bought a new position in shares of Flushing Financial in the second quarter worth $132,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

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.