Flushing Financial Co. (NASDAQ:FFIC - Get Free Report) Director Sam Sang Ki Han sold 10,000 shares of Flushing Financial stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $15.47, for a total value of $154,700.00. Following the completion of the transaction, the director now directly owns 67,251 shares of the company's stock, valued at approximately $1,040,372.97. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Flushing Financial Stock Performance
Shares of FFIC stock opened at $15.46 on Wednesday. The stock's 50-day moving average price is $14.57 and its 200 day moving average price is $13.60. Flushing Financial Co. has a 52-week low of $10.74 and a 52-week high of $18.00. The stock has a market capitalization of $449.42 million, a PE ratio of 17.77 and a beta of 0.75. 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 Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 5.69%. The ex-dividend date of this dividend was Friday, September 6th. Flushing Financial's payout ratio is 101.15%.
Analyst Upgrades and Downgrades
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FFIC has been the subject of several research reports. StockNews.com upgraded shares of Flushing Financial from a "sell" rating to a "hold" rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods lifted their price target on Flushing Financial from $13.00 to $15.00 and gave the stock a "market perform" rating in a report on Thursday, August 1st. Raymond James raised their price objective on shares of Flushing Financial from $16.00 to $17.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. Finally, Piper Sandler downgraded shares of Flushing Financial from an "overweight" rating to a "neutral" rating and upped their price objective for the company from $15.00 to $16.50 in a research note on Tuesday, July 30th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Flushing Financial has a consensus rating of "Hold" and a consensus target price of $15.50.
Check Out Our Latest Stock Report on Flushing Financial
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Flushing Financial during the 1st quarter worth $32,000. BNP Paribas Financial Markets raised its position in shares of Flushing Financial by 58.7% during the 1st quarter. BNP Paribas Financial Markets now owns 36,853 shares of the bank's stock worth $465,000 after purchasing an additional 13,636 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Flushing Financial by 183.4% in the first quarter. Empowered Funds LLC now owns 81,322 shares of the bank's stock worth $1,025,000 after acquiring an additional 52,627 shares during the last quarter. Swiss National Bank increased its position in Flushing Financial by 5.4% during the 1st quarter. Swiss National Bank now owns 54,223 shares of the bank's stock worth $684,000 after purchasing an additional 2,800 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new position in Flushing Financial in the 1st quarter valued at about $264,000. 67.10% of the stock is owned by hedge funds and other institutional investors.
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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