Flushing Financial (NASDAQ:FFIC) EVP Thomas Buonaiuto Sells 10,778 Shares

Flushing Financial Corporation (NASDAQ:FFIC) EVP Thomas Buonaiuto sold 10,778 shares of Flushing Financial stock in a transaction on Friday, May 8th. The stock was sold at an average price of $15.96, for a total transaction of $172,016.88. Following the sale, the executive vice president directly owned 24,691 shares of the company’s stock, valued at $394,068.36. This represents a 30.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Thomas Buonaiuto also recently made the following trade(s):

• On Friday, May 8th, Thomas Buonaiuto sold 222 shares of Flushing Financial stock. The stock was sold at an average price of $15.96, for a total transaction of $3,543.12.

Flushing Financial Trading Down 0.3%

FFIC traded down $0.05 during trading on Tuesday, reaching $15.51. 232,310 shares of the company’s stock were exchanged, compared to its average volume of 285,596. The company’s fifty day moving average price is $15.63 and its 200-day moving average price is $15.72. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.93 and a current ratio of 0.93. Flushing Financial Corporation has a fifty-two week low of $11.13 and a fifty-two week high of $17.79. The firm has a market capitalization of $525.48 million, a PE ratio of 15.51 and a beta of 0.76.

Flushing Financial (NASDAQ:FFIC) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The firm had revenue of $56.98 million for the quarter, compared to the consensus estimate of $61.15 million. Flushing Financial had a return on equity of 6.22% and a net margin of 7.15%.

Flushing Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Friday, April 10th. Flushing Financial’s dividend payout ratio (DPR) is currently 88.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FFIC shares. Keefe, Bruyette & Woods lifted their price target on shares of Flushing Financial from $14.50 to $16.80 and gave the stock a “market perform” rating in a research report on Thursday, January 29th. Weiss Ratings raised shares of Flushing Financial from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, March 9th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $16.80.

Institutional Investors Weigh In On Flushing Financial

Institutional investors have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co lifted its position in Flushing Financial by 58.6% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 3,295 shares of the bank’s stock valued at $50,000 after acquiring an additional 1,218 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Flushing Financial by 75.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,847 shares of the bank’s stock valued at $46,000 after acquiring an additional 1,650 shares in the last quarter. Allworth Financial LP lifted its position in Flushing Financial by 306.0% in the 4th quarter. Allworth Financial LP now owns 3,950 shares of the bank’s stock valued at $60,000 after acquiring an additional 2,977 shares in the last quarter. Summit Securities Group LLC bought a new stake in Flushing Financial in the 4th quarter valued at $82,000. Finally, Kestra Advisory Services LLC bought a new stake in Flushing Financial in the 4th quarter valued at $99,000. 67.10% of the stock is owned by institutional investors.

Flushing Financial Company Profile

Flushing Financial Corporation is the bank holding company for Flushing Bank, a community-oriented financial institution headquartered in Flushing, Queens, New York. Tracing its origins to the founding of Flushing Bank in 1929, the holding company was established in 2006 to support the bank’s growth and diversification. Flushing Financial operates under the Nasdaq ticker FFIC, delivering a full suite of banking services to personal, commercial and institutional customers.

The company’s primary business activities include deposit-taking, consumer and commercial lending, mortgage banking and treasury management.