Insider Selling: Flushing Financial Co. (FFIC) Director Sells 6,000 Shares of Stock

Flushing Financial Co. (NASDAQ:FFIC) Director Donna M. Obrien sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $27.73, for a total transaction of $166,380.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Flushing Financial Co. (NASDAQ FFIC) opened at $26.75 on Friday. Flushing Financial Co. has a 52-week low of $24.27 and a 52-week high of $31.69. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $756.73, a price-to-earnings ratio of 16.97, a P/E/G ratio of 1.46 and a beta of 1.05.

Flushing Financial (NASDAQ:FFIC) last posted its quarterly earnings results on Tuesday, January 30th. The bank reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.09). Flushing Financial had a net margin of 16.79% and a return on equity of 8.59%. The business had revenue of $46.12 million during the quarter. equities analysts forecast that Flushing Financial Co. will post 1.84 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc lifted its stake in Flushing Financial by 2.0% during the 2nd quarter. Legal & General Group Plc now owns 10,446 shares of the bank’s stock valued at $295,000 after acquiring an additional 207 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Flushing Financial by 0.8% during the 2nd quarter. Wells Fargo & Company MN now owns 30,381 shares of the bank’s stock valued at $857,000 after acquiring an additional 230 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in Flushing Financial by 0.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 100,927 shares of the bank’s stock valued at $2,845,000 after acquiring an additional 785 shares in the last quarter. Voya Investment Management LLC lifted its stake in Flushing Financial by 5.7% during the 2nd quarter. Voya Investment Management LLC now owns 18,661 shares of the bank’s stock valued at $526,000 after acquiring an additional 1,001 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its stake in Flushing Financial by 2.5% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 45,707 shares of the bank’s stock valued at $1,287,000 after acquiring an additional 1,100 shares in the last quarter. 76.49% of the stock is owned by institutional investors and hedge funds.

FFIC has been the subject of several recent analyst reports. Piper Jaffray Companies reaffirmed a “hold” rating and set a $28.00 price objective on shares of Flushing Financial in a research report on Friday, November 10th. Zacks Investment Research downgraded shares of Flushing Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. ValuEngine raised shares of Flushing Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub raised shares of Flushing Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Sandler O’Neill downgraded shares of Flushing Financial from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a research report on Thursday, November 30th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Flushing Financial has an average rating of “Hold” and a consensus price target of $30.25.

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Flushing Financial Company Profile

Flushing Financial Corporation is the bank holding company for Flushing Bank (the Bank). The Company is a community-oriented financial institution offering a range of financial services. The Bank’s subsidiaries include Flushing Preferred Funding Corporation, Flushing Service Corporation and FSB Properties Inc The Company also owns Flushing Financial Capital Trust II, Flushing Financial Capital Trust III and Flushing Financial Capital Trust IV (the Trusts).

Insider Buying and Selling by Quarter for Flushing Financial (NASDAQ:FFIC)

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