Flushing Financial Co. (NASDAQ:FFIC) Director Sam Sang Ki Han Sells 10,000 Shares

Flushing Financial Co. (NASDAQ:FFIC) Director Sam Sang Ki Han sold 10,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $15.47, for a total transaction of $154,700.00. Following the completion of the sale, the director now directly owns 67,251 shares in the company, valued at approximately $1,040,372.97. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Flushing Financial Trading Up 0.8 %

NASDAQ:FFIC traded up $0.12 during mid-day trading on Tuesday, reaching $15.31. The company’s stock had a trading volume of 19,387 shares, compared to its average volume of 180,720. The company’s fifty day simple moving average is $14.57 and its two-hundred day simple moving average is $13.60. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.01 and a quick ratio of 1.01. Flushing Financial Co. has a twelve month low of $10.74 and a twelve month high of $18.00. The stock has a market cap of $445.06 million, a P/E ratio of 17.46 and a beta of 0.75.

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 given a $0.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.88 annualized dividend and a dividend yield of 5.75%. Flushing Financial’s payout ratio is 101.15%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. StockNews.com raised shares of Flushing Financial from a “sell” rating to a “hold” rating in a research report on Monday, October 28th. Keefe, Bruyette & Woods lifted their price target on shares of Flushing Financial from $13.00 to $15.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Raymond James lifted their price target on shares of Flushing Financial from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Piper Sandler cut shares of Flushing Financial from an “overweight” rating to a “neutral” rating and lifted their target price for the stock 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 issued a buy rating to the company’s stock. According to data from MarketBeat, Flushing Financial presently has a consensus rating of “Hold” and an average target price of $15.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC acquired a new position in shares of Flushing Financial during the 1st quarter valued at about $3,385,000. Assenagon Asset Management S.A. increased its stake in shares of Flushing Financial by 41.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 161,275 shares of the bank’s stock valued at $2,121,000 after buying an additional 46,871 shares during the period. Empowered Funds LLC boosted its position in shares of Flushing Financial by 183.4% in the 1st quarter. Empowered Funds LLC now owns 81,322 shares of the bank’s stock worth $1,025,000 after purchasing an additional 52,627 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Flushing Financial by 531.8% in the second quarter. AQR Capital Management LLC now owns 326,376 shares of the bank’s stock valued at $4,292,000 after purchasing an additional 274,720 shares in the last quarter. Finally, Dana Investment Advisors Inc. increased its position in shares of Flushing Financial by 11.5% in the second quarter. Dana Investment Advisors Inc. now owns 453,198 shares of the bank’s stock valued at $5,960,000 after acquiring an additional 46,800 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

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.