Flushing Financial (NASDAQ:FFIC) EVP Thomas Buonaiuto Sells 10,778 Shares

Flushing Financial Corporation (NASDAQ:FFIC) EVP Thomas Buonaiuto sold 10,778 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $15.96, for a total transaction of $172,016.88. Following the completion of the sale, the executive vice president directly owned 24,691 shares in the company, valued at $394,068.36. This represents a 30.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Thomas Buonaiuto also recently made the following trade(s):

• On Friday, May 8th, Thomas Buonaiuto sold 222 shares of Flushing Financial stock. The shares were sold at an average price of $15.96, for a total transaction of $3,543.12.

Flushing Financial Stock Down 0.3%

FFIC traded down $0.05 during trading on Tuesday, hitting $15.51. The company had a trading volume of 232,310 shares, compared to its average volume of 285,596. The firm’s 50-day moving average price is $15.63 and its 200 day moving average price is $15.72. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.68. Flushing Financial Corporation has a one year low of $11.13 and a one year high of $17.79. The company has a market capitalization of $525.48 million, a PE ratio of 15.51 and a beta of 0.76.

Flushing Financial (NASDAQ:FFIC) last issued its quarterly earnings results on Tuesday, April 28th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). Flushing Financial had a return on equity of 6.22% and a net margin of 7.15%.The business had revenue of $56.98 million for the quarter, compared to the consensus estimate of $61.15 million.

Flushing Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $0.88 annualized dividend and a yield of 5.7%. Flushing Financial’s payout ratio is 88.00%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Teton Advisors LLC acquired a new position in shares of Flushing Financial during the 3rd quarter worth about $1,471,000. GSA Capital Partners LLP acquired a new position in shares of Flushing Financial during the 3rd quarter worth about $833,000. JPMorgan Chase & Co. increased its stake in shares of Flushing Financial by 74.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 97,708 shares of the bank’s stock worth $1,349,000 after purchasing an additional 41,538 shares during the last quarter. CSM Advisors LLC increased its stake in shares of Flushing Financial by 16.3% during the 3rd quarter. CSM Advisors LLC now owns 399,535 shares of the bank’s stock worth $5,515,000 after purchasing an additional 56,085 shares during the last quarter. Finally, Leo Wealth LLC acquired a new position in shares of Flushing Financial during the 4th quarter worth about $212,000. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on FFIC. Keefe, Bruyette & Woods boosted their price target on shares of Flushing Financial from $14.50 to $16.80 and gave the stock a “market perform” rating in a research report on Thursday, January 29th. Weiss Ratings raised shares of Flushing Financial from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, March 9th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Flushing Financial currently has an average rating of “Hold” and a consensus price target of $16.80.

Flushing Financial Company Profile

Flushing Financial Corporation is the bank holding company for Flushing Bank, a community-oriented financial institution headquartered in Flushing, Queens, New York. Tracing its origins to the founding of Flushing Bank in 1929, the holding company was established in 2006 to support the bank’s growth and diversification. Flushing Financial operates under the Nasdaq ticker FFIC, delivering a full suite of banking services to personal, commercial and institutional customers.

The company’s primary business activities include deposit-taking, consumer and commercial lending, mortgage banking and treasury management.