Insider Buying: Flushing Financial Co. (NASDAQ:FFIC) EVP Acquires 1,311 Shares of Stock

Flushing Financial Co. (NASDAQ:FFIC) EVP Thomas Buonaiuto bought 1,311 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $15.25 per share, for a total transaction of $19,992.75. Following the transaction, the executive vice president now owns 33,684 shares in the company, valued at $513,681. The trade was a 4.05 % increase in their position. The transaction 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 stock’s 50-day simple moving average is $16.51 and its 200 day simple moving average is $14.67. Flushing Financial Co. has a 52-week low of $10.74 and a 52-week high of $18.59. 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 cap of $435.45 million, a P/E ratio of 17.22 and a beta of 0.78.

Flushing Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th 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 5.87%. The ex-dividend date of this dividend is Friday, December 6th. Flushing Financial’s dividend payout ratio is currently 101.15%.

Wall Street Analysts Forecast Growth

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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.50.

Hedge Funds Weigh In On Flushing Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in Flushing Financial by 41.0% during the second quarter. Assenagon Asset Management S.A. now owns 161,275 shares of the bank’s stock worth $2,121,000 after acquiring an additional 46,871 shares in the last quarter. 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 valued at $4,874,000 after purchasing an additional 102,219 shares during the period. AQR Capital Management LLC lifted its stake in Flushing Financial by 531.8% in the 2nd 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 during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Flushing Financial by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 233,236 shares of the bank’s stock worth $3,401,000 after purchasing an additional 4,876 shares during the period. Finally, Dana Investment Advisors Inc. increased its position in Flushing Financial by 11.5% during the second quarter. Dana Investment Advisors Inc. now owns 453,198 shares of the bank’s stock worth $5,960,000 after buying an additional 46,800 shares during the last quarter. 67.10% of the stock is owned by institutional investors.

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.