Flushing Financial Co. (NASDAQ:FFIC - Get Free Report) Director Michael A. Azarian bought 1,180 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of $15.25 per share, for a total transaction of $17,995.00. Following the transaction, the director now directly owns 33,691 shares of the company's stock, valued at $513,787.75. This trade represents a 3.63 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Flushing Financial Stock Performance
FFIC opened at $15.26 on Tuesday. The stock's 50 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 stock has a market cap of $443.59 million, a PE ratio of 17.54 and a beta of 0.78. Flushing Financial Co. has a 1 year low of $10.74 and a 1 year high of $18.59.
Flushing Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.22 dividend. 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 (DPR) is presently 101.15%.
Analysts Set New Price Targets
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Separately, StockNews.com upgraded shares of Flushing Financial from a "sell" rating to a "hold" rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $15.50.
Read Our Latest Report on FFIC
Hedge Funds Weigh In On Flushing Financial
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in Flushing Financial by 0.7% in the third quarter. Geode Capital Management LLC now owns 694,216 shares of the bank's stock valued at $10,124,000 after acquiring an additional 5,128 shares during the period. Dana Investment Advisors Inc. boosted its holdings in Flushing Financial by 11.5% during the second quarter. Dana Investment Advisors Inc. now owns 453,198 shares of the bank's stock valued at $5,960,000 after purchasing an additional 46,800 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Flushing Financial by 16.1% in the 2nd quarter. American Century Companies Inc. now owns 452,209 shares of the bank's stock valued at $5,947,000 after purchasing an additional 62,659 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Flushing Financial by 38.1% in the 2nd 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 in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Flushing Financial during the 3rd quarter worth approximately $4,936,000. 67.10% of the stock is owned by institutional investors.
Flushing Financial Company Profile
(
Get Free Report)
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.
Further Reading
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