Thomas Buonaiuto Acquires 1,311 Shares of Flushing Financial Co. (NASDAQ:FFIC) Stock

Flushing Financial Co. (NASDAQ:FFIC) EVP Thomas Buonaiuto purchased 1,311 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of $15.25 per share, with a total value of $19,992.75. Following the completion of the purchase, the executive vice president now owns 33,684 shares of the company’s stock, valued at $513,681. The trade was a 4.05 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Flushing Financial Stock Down 1.8 %

Shares of NASDAQ FFIC opened at $14.98 on Wednesday. The firm has a 50 day moving average price of $16.51 and a 200 day moving average price of $14.67. 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 stock has a market cap of $435.45 million, a P/E ratio of 17.22 and a beta of 0.78. Flushing Financial Co. has a 52-week low of $10.74 and a 52-week high of $18.59.

Flushing Financial Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FFIC. Nisa Investment Advisors LLC lifted its holdings in shares of Flushing Financial by 4,000.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock valued at $30,000 after purchasing an additional 2,000 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Flushing Financial in the second quarter valued at approximately $61,000. CWM LLC boosted its holdings in shares of Flushing Financial by 87.0% in the second quarter. CWM LLC now owns 5,534 shares of the bank’s stock valued at $73,000 after buying an additional 2,575 shares during the period. FMR LLC boosted its holdings in shares of Flushing Financial by 64.1% in the third quarter. FMR LLC now owns 7,259 shares of the bank’s stock valued at $106,000 after buying an additional 2,836 shares during the period. Finally, Perritt Capital Management Inc bought a new stake in shares of Flushing Financial during the second quarter worth $132,000. 67.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.