Susan Cullen Purchases 500 Shares of Flushing Financial Corporation (FFIC) Stock

Flushing Financial Corporation (NASDAQ:FFIC) CFO Susan Cullen acquired 500 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average cost of $27.76 per share, with a total value of $13,880.00. Following the completion of the purchase, the chief financial officer now owns 20,515 shares of the company’s stock, valued at $569,496.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Flushing Financial Corporation (FFIC) traded down 2.306% during trading on Friday, reaching $26.905. 26,157 shares of the company’s stock were exchanged. The company has a market capitalization of $783.88 million, a P/E ratio of 15.661 and a beta of 1.11. The stock has a 50-day moving average price of $28.32 and a 200 day moving average price of $28.00. Flushing Financial Corporation has a 12-month low of $20.95 and a 12-month high of $31.96.

Flushing Financial Corporation (NASDAQ:FFIC) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. The business had revenue of $45.57 million during the quarter, compared to analysts’ expectations of $46.79 million. Flushing Financial Corporation had a return on equity of 9.23% and a net margin of 19.96%. During the same quarter last year, the business posted $0.39 EPS. Equities analysts expect that Flushing Financial Corporation will post $1.74 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Flushing Financial Corporation during the first quarter valued at about $133,000. BNP Paribas Arbitrage SA boosted its position in shares of Flushing Financial Corporation by 277.4% in the second quarter. BNP Paribas Arbitrage SA now owns 4,834 shares of the bank’s stock valued at $136,000 after buying an additional 3,553 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Flushing Financial Corporation by 60.0% in the first quarter. Bank of Montreal Can now owns 7,450 shares of the bank’s stock valued at $200,000 after buying an additional 2,793 shares during the period. Oxford Asset Management acquired a new stake in shares of Flushing Financial Corporation during the first quarter valued at $212,000. Finally, Karp Capital Management Corp acquired a new stake in shares of Flushing Financial Corporation during the first quarter valued at $251,000. Institutional investors and hedge funds own 77.29% of the company’s stock.

FFIC has been the subject of a number of research reports. Sandler O’Neill raised shares of Flushing Financial Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. ValuEngine raised shares of Flushing Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Flushing Financial Corporation in a research note on Tuesday, May 2nd. Zacks Investment Research raised shares of Flushing Financial Corporation from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective for the company in a research note on Monday, May 1st. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Flushing Financial Corporation in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Flushing Financial Corporation has an average rating of “Hold” and an average price target of $29.00.

About Flushing Financial Corporation

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 Corporation (NASDAQ:FFIC)

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