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

Flushing Financial Co. (NASDAQ:FFIC) EVP Thomas Buonaiuto purchased 1,311 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $15.25 per share, for a total transaction of $19,992.75. Following the completion of the acquisition, the executive vice president now directly owns 33,684 shares in the company, valued at approximately $513,681. This trade represents a 4.05 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Flushing Financial Stock Performance

Shares of FFIC stock opened at $15.26 on Tuesday. Flushing Financial Co. has a 12-month low of $10.74 and a 12-month high of $18.59. The business’s fifty day simple moving average is $16.49 and its 200-day simple moving average is $14.65. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.27. The company has a market cap of $443.59 million, a PE ratio of 17.54 and a beta of 0.78.

Flushing Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 5.77%. The ex-dividend date is Friday, December 6th. Flushing Financial’s dividend payout ratio is currently 101.15%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Flushing Financial

Institutional investors have recently added to or reduced their stakes in the business. Verition Fund Management LLC acquired a new position in shares of Flushing Financial during the third quarter valued at about $4,936,000. AQR Capital Management LLC raised its holdings in shares of Flushing Financial by 531.8% in the second quarter. AQR Capital Management LLC now owns 326,376 shares of the bank’s stock worth $4,292,000 after buying an additional 274,720 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Flushing Financial by 38.1% during the second quarter. Acadian Asset Management LLC now owns 370,758 shares of the bank’s stock worth $4,874,000 after buying an additional 102,219 shares during the period. American Century Companies Inc. grew its holdings in shares of Flushing Financial by 16.1% during the second quarter. American Century Companies Inc. now owns 452,209 shares of the bank’s stock valued at $5,947,000 after buying an additional 62,659 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Flushing Financial by 41.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 161,275 shares of the bank’s stock valued at $2,121,000 after acquiring an additional 46,871 shares during the period. Institutional investors and hedge funds 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.