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

Flushing Financial Co. (NASDAQ:FFIC) EVP Thomas Buonaiuto sold 6,800 shares of Flushing Financial 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 owns 32,336 shares in the company, valued at $417,781.12. This trade represents a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Flushing Financial Stock Up 1.3 %

FFIC traded up $0.17 during trading on Friday, reaching $12.96. 97,656 shares of the stock were exchanged, compared to its average volume of 214,708. The stock has a market cap of $436.22 million, a P/E ratio of -12.82 and a beta of 0.79. Flushing Financial Co. has a twelve month low of $10.74 and a twelve month high of $18.59. The stock’s 50 day moving average price is $14.32 and its two-hundred day moving average price 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.

Flushing Financial (NASDAQ:FFIC) last issued its earnings results on Tuesday, January 28th. The bank reported $0.14 earnings per share 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%. Equities analysts expect that Flushing Financial Co. will post 1.2 EPS for the current year.

Flushing Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.88 dividend on an annualized basis and a yield of 6.79%. Flushing Financial’s dividend payout ratio (DPR) is -87.13%.

Hedge Funds Weigh In On Flushing Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new position in Flushing Financial during the fourth quarter worth $276,000. PharVision Advisers LLC bought a new position in Flushing Financial during the fourth quarter worth $275,000. Squarepoint Ops LLC bought a new position in Flushing Financial during the fourth quarter worth $147,000. Two Sigma Advisers LP boosted its position in Flushing Financial by 18.8% during the fourth quarter. Two Sigma Advisers LP now owns 196,600 shares of the bank’s stock worth $2,807,000 after purchasing an additional 31,100 shares during the period. Finally, Two Sigma Investments LP boosted its position in Flushing Financial by 76.8% during the fourth quarter. Two Sigma Investments LP now owns 298,948 shares of the bank’s stock worth $4,269,000 after purchasing an additional 129,830 shares during the period. 67.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of 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.