Flushing Financial Co. (NASDAQ:FFIC - Get Free Report) CAO Astrid Burrowes sold 8,000 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $16.19, for a total value of $129,520.00. Following the transaction, the chief accounting officer now directly owns 34,853 shares in the company, valued at $564,270.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Flushing Financial Price Performance
FFIC stock opened at $15.38 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.98. Flushing Financial Co. has a 52-week low of $10.74 and a 52-week high of $18.00. The stock's 50 day moving average is $14.55 and its two-hundred day moving average is $13.54. The company has a market capitalization of $447.10 million, a PE ratio of 17.68 and a beta of 0.76.
Flushing Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, September 6th. This represents a $0.88 annualized dividend and a yield of 5.72%. Flushing Financial's dividend payout ratio is presently 101.15%.
Institutional Investors Weigh In On Flushing Financial
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Hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new stake in Flushing Financial during the 1st quarter worth approximately $3,385,000. Assenagon Asset Management S.A. increased its holdings 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 last quarter. Empowered Funds LLC increased its holdings in shares of Flushing Financial by 183.4% in the 1st quarter. Empowered Funds LLC now owns 81,322 shares of the bank's stock valued at $1,025,000 after acquiring an additional 52,627 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Flushing Financial by 531.8% in the 2nd quarter. AQR Capital Management LLC now owns 326,376 shares of the bank's stock valued at $4,292,000 after acquiring an additional 274,720 shares during the last quarter. Finally, Dana Investment Advisors Inc. increased its holdings in shares of Flushing Financial by 11.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 453,198 shares of the bank's stock valued at $5,960,000 after acquiring an additional 46,800 shares during the last quarter. 67.10% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Piper Sandler lowered Flushing Financial from an "overweight" rating to a "neutral" rating and boosted their price target for the stock from $15.00 to $16.50 in a research report on Tuesday, July 30th. StockNews.com raised Flushing Financial from a "sell" rating to a "hold" rating in a research report on Monday, October 28th. Keefe, Bruyette & Woods boosted their price target on Flushing Financial from $13.00 to $15.00 and gave the stock a "market perform" rating in a research report on Thursday, August 1st. Finally, Raymond James boosted their price target on Flushing Financial from $16.00 to $17.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $15.50.
View Our Latest Research Report on Flushing Financial
About Flushing Financial
(
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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.
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