Flushing Financial Co. (NASDAQ:FFIC) Director Purchases $17,995.00 in Stock

Flushing Financial Co. (NASDAQ:FFIC) Director Michael A. Azarian purchased 1,180 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $15.25 per share, for a total transaction of $17,995.00. Following the purchase, the director now directly owns 33,691 shares in the company, valued at approximately $513,787.75. The trade was a 3.63 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Flushing Financial Price Performance

NASDAQ FFIC opened at $14.98 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.27. Flushing Financial Co. has a 12 month low of $10.74 and a 12 month high of $18.59. The stock has a market cap of $435.45 million, a price-to-earnings ratio of 17.22 and a beta of 0.78. The company’s 50 day moving average is $16.51 and its two-hundred day moving average is $14.67.

Flushing Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.88 annualized dividend and a dividend yield of 5.87%. Flushing Financial’s payout ratio is 101.15%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in Flushing Financial by 4,000.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock valued at $30,000 after acquiring an additional 2,000 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Flushing Financial during the second quarter worth about $61,000. CWM LLC raised its stake in Flushing Financial by 87.0% during the 2nd quarter. CWM LLC now owns 5,534 shares of the bank’s stock valued at $73,000 after purchasing an additional 2,575 shares during the period. FMR LLC lifted its holdings in Flushing Financial by 64.1% in the 3rd quarter. FMR LLC now owns 7,259 shares of the bank’s stock worth $106,000 after purchasing an additional 2,836 shares in the last quarter. Finally, Perritt Capital Management Inc bought a new position in Flushing Financial in the 2nd quarter worth approximately $132,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Flushing Financial from a “sell” rating to a “hold” rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.50.

About Flushing Financial

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.