Flushing Financial Co. (NASDAQ:FFIC - Get Free Report) EVP Thomas Buonaiuto sold 6,800 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $12.92, for a total transaction of $87,856.00. Following the completion of the transaction, the executive vice president now owns 32,336 shares of the company's stock, valued at $417,781.12. This trade represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Flushing Financial Stock Performance
Flushing Financial stock opened at $13.10 on Friday. Flushing Financial Co. has a twelve month low of $10.74 and a twelve month high of $18.59. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.27. The stock's 50 day moving average is $14.32 and its 200 day moving average is $15.04. The company has a market capitalization of $440.93 million, a P/E ratio of -12.97 and a beta of 0.79.
Flushing Financial (NASDAQ:FFIC - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.07). Flushing Financial had a negative net margin of 6.46% and a positive return on equity of 3.25%. On average, equities research analysts predict that Flushing Financial Co. will post 1.2 earnings per share for the current fiscal year.
Flushing Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date of this dividend is Friday, March 14th. Flushing Financial's dividend payout ratio (DPR) is -87.13%.
Institutional Investors Weigh In On Flushing Financial
A number of institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd bought a new stake in Flushing Financial during the 4th quarter valued at approximately $28,000. US Bancorp DE grew its holdings in Flushing Financial by 496.0% during the 4th quarter. US Bancorp DE now owns 3,725 shares of the bank's stock valued at $53,000 after buying an additional 3,100 shares in the last quarter. Quarry LP bought a new stake in shares of Flushing Financial during the fourth quarter valued at approximately $73,000. New York State Common Retirement Fund raised its position in shares of Flushing Financial by 27.8% during the fourth quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank's stock valued at $92,000 after buying an additional 1,400 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Flushing Financial by 64.1% in the third quarter. FMR LLC now owns 7,259 shares of the bank's stock worth $106,000 after buying an additional 2,836 shares in the last quarter. 67.10% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered Flushing Financial from a "hold" rating to a "sell" rating in a research report on Friday, January 31st.
Read Our Latest Stock Analysis on FFIC
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.
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