Insider Selling: Flushing Financial Co. (NASDAQ:FFIC) EVP Sells 2,000 Shares of Stock

Flushing Financial Co. (NASDAQ:FFICGet Rating) EVP Theresa Kelly sold 2,000 shares of the stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $20.82, for a total transaction of $41,640.00. Following the transaction, the executive vice president now directly owns 37,997 shares of the company’s stock, valued at approximately $791,097.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Flushing Financial Trading Down 1.8 %

NASDAQ FFIC opened at $20.76 on Monday. The firm has a 50 day simple moving average of $20.27 and a 200-day simple moving average of $21.29. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.16 and a current ratio of 1.16. Flushing Financial Co. has a one year low of $19.30 and a one year high of $25.95. The firm has a market cap of $618.75 million, a price-to-earnings ratio of 7.60 and a beta of 0.68.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FFIC shares. Piper Sandler lowered their target price on shares of Flushing Financial to $24.00 in a research note on Wednesday, October 5th. StockNews.com lowered shares of Flushing Financial from a “buy” rating to a “hold” rating in a research note on Saturday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in shares of Flushing Financial in the third quarter valued at approximately $725,000. Thrivent Financial for Lutherans boosted its stake in shares of Flushing Financial by 33.2% in the third quarter. Thrivent Financial for Lutherans now owns 161,856 shares of the bank’s stock valued at $3,135,000 after purchasing an additional 40,329 shares during the period. Trexquant Investment LP boosted its stake in shares of Flushing Financial by 60.4% in the third quarter. Trexquant Investment LP now owns 32,614 shares of the bank’s stock valued at $632,000 after purchasing an additional 12,280 shares during the period. Prelude Capital Management LLC boosted its stake in shares of Flushing Financial by 13.8% in the third quarter. Prelude Capital Management LLC now owns 20,965 shares of the bank’s stock valued at $406,000 after purchasing an additional 2,547 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Flushing Financial in the third quarter valued at approximately $350,000. Hedge funds and other institutional investors own 67.41% of the company’s stock.

Flushing Financial Company Profile

(Get Rating)

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, demand accounts, NOW accounts, and certificates of deposit.

Further Reading

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