Flushing Financial Co. (NASDAQ:FFIC) EVP Thomas Buonaiuto Sells 6,800 Shares

Flushing Financial Co. (NASDAQ:FFIC) EVP Thomas Buonaiuto sold 6,800 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $12.92, for a total transaction of $87,856.00. Following the completion of the sale, the executive vice president now directly owns 32,336 shares in the company, valued at approximately $417,781.12. This trade represents a 17.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Flushing Financial Trading Up 0.7 %

Shares of FFIC stock opened at $13.10 on Friday. Flushing Financial Co. has a 52-week low of $10.74 and a 52-week high of $18.59. The business’s fifty day moving average is $14.32 and its 200 day moving average is $15.04. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $440.93 million, a PE ratio of -12.97 and a beta of 0.79.

Flushing Financial (NASDAQ:FFIC) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). Flushing Financial had a positive return on equity of 3.25% and a negative net margin of 6.46%. On average, equities research analysts anticipate that Flushing Financial Co. will post 1.2 EPS for the current fiscal year.

Flushing Financial Announces Dividend

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 given a $0.22 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.88 dividend on an annualized basis and a yield of 6.72%. Flushing Financial’s payout ratio is -87.13%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Flushing Financial in the 4th quarter valued at $276,000. PharVision Advisers LLC bought a new stake in Flushing Financial in the fourth quarter worth $275,000. Squarepoint Ops LLC purchased a new stake in Flushing Financial during the fourth quarter valued at about $147,000. Two Sigma Advisers LP grew its stake in shares of Flushing Financial by 18.8% during the fourth quarter. Two Sigma Advisers LP now owns 196,600 shares of the bank’s stock valued at $2,807,000 after buying an additional 31,100 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Flushing Financial by 76.8% in the fourth quarter. Two Sigma Investments LP now owns 298,948 shares of the bank’s stock worth $4,269,000 after buying an additional 129,830 shares during the period. 67.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Flushing Financial from a “hold” rating to a “sell” rating in a report on Friday, January 31st.

Flushing Financial Company Profile

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.