Flushing Financial Corporation (FFIC) Director Sells $97,910.42 in Stock
Flushing Financial Corporation (NASDAQ:FFIC) Director John E. Sr Roe, Sr. sold 3,629 shares of Flushing Financial Corporation stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $26.98, for a total transaction of $97,910.42. Following the sale, the director now directly owns 66,434 shares in the company, valued at approximately $1,792,389.32. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Flushing Financial Corporation (FFIC) opened at $27.40 on Friday. Flushing Financial Corporation has a 12-month low of $24.27 and a 12-month high of $31.96. The stock has a market cap of $784.19, a PE ratio of 16.69, a P/E/G ratio of 1.59 and a beta of 1.11. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.15 and a current ratio of 1.15.
Flushing Financial Corporation (NASDAQ:FFIC) last issued its quarterly earnings results on Tuesday, October 31st. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.07). Flushing Financial Corporation had a net margin of 19.50% and a return on equity of 9.04%. The business had revenue of $44.70 million for the quarter. equities analysts anticipate that Flushing Financial Corporation will post 1.72 earnings per share for the current year.
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A number of equities research analysts have recently weighed in on FFIC shares. Piper Jaffray Companies reaffirmed a “hold” rating and set a $30.00 target price on shares of Flushing Financial Corporation in a research note on Thursday, August 3rd. Zacks Investment Research lowered shares of Flushing Financial Corporation from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $30.00 price target on shares of Flushing Financial Corporation in a research report on Sunday, October 8th. Finally, BidaskClub raised shares of Flushing Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $30.00.
Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in Flushing Financial Corporation during the 3rd quarter valued at about $135,000. BNP Paribas Arbitrage SA raised its holdings in Flushing Financial Corporation by 277.4% in the second quarter. BNP Paribas Arbitrage SA now owns 4,834 shares of the bank’s stock worth $136,000 after buying an additional 3,553 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Flushing Financial Corporation in the second quarter worth about $221,000. Legal & General Group Plc raised its holdings in Flushing Financial Corporation by 20.8% in the first quarter. Legal & General Group Plc now owns 10,239 shares of the bank’s stock worth $276,000 after buying an additional 1,761 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in Flushing Financial Corporation by 2.4% in the second quarter. Schroder Investment Management Group now owns 10,055 shares of the bank’s stock worth $284,000 after buying an additional 233 shares during the last quarter. 77.41% of the stock is owned by institutional investors.
Flushing Financial Corporation 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).
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