Flushing Financial Co. (NASDAQ:FFIC) Director Sam Sang Ki Han Sells 10,000 Shares

Flushing Financial Co. (NASDAQ:FFIC) Director Sam Sang Ki Han sold 10,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $15.47, for a total transaction of $154,700.00. Following the sale, the director now directly owns 67,251 shares of the company’s stock, valued at approximately $1,040,372.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Flushing Financial Trading Up 16.7 %

NASDAQ FFIC opened at $18.04 on Thursday. Flushing Financial Co. has a 12-month low of $10.74 and a 12-month high of $18.19. The company has a fifty day simple moving average of $14.67 and a two-hundred day simple moving average of $13.65. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.98. The stock has a market cap of $524.42 million, a P/E ratio of 20.74 and a beta of 0.75.

Flushing Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a dividend of $0.22 per share. The ex-dividend date was Friday, September 6th. This represents a $0.88 dividend on an annualized basis and a yield of 4.88%. Flushing Financial’s dividend payout ratio is currently 101.15%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its holdings in shares of Flushing Financial by 4,000.0% during the third 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 during the period. Allspring Global Investments Holdings LLC acquired a new stake in Flushing Financial during the 1st quarter valued at approximately $32,000. EntryPoint Capital LLC acquired a new stake in shares of Flushing Financial in the first quarter worth $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Flushing Financial in the second quarter worth $61,000. Finally, CWM LLC raised its holdings in shares of Flushing Financial by 87.0% during the second quarter. CWM LLC now owns 5,534 shares of the bank’s stock worth $73,000 after purchasing an additional 2,575 shares during the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

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.