Insider Selling: Flushing Financial Corp. SVP Sells 2,200 Shares of Stock (FFIC)
Flushing Financial Corp. (NASDAQ:FFIC) SVP Theresa Kelly unloaded 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $18.14, for a total value of $39,908.00. Following the completion of the transaction, the senior vice president now directly owns 27,953 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
FFIC has been the subject of a number of recent research reports. Analysts at Raymond James raised their price target on shares of Flushing Financial Corp. (NASDAQ:FFIC) from $17.00 to $20.00 in a research note to investors on Thursday, July 25th. They now have an “outperform” rating on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Flushing Financial Corp. (NASDAQ:FFIC) from $17.00 to $20.00 in a research note to investors on Thursday, July 25th. They now have a “market perform” rating on the stock. Finally, analysts at Zacks upgraded shares of Flushing Financial Corp. (NASDAQ:FFIC) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 16th. They now have a $18.40 price target on the stock.
Flushing Financial Corp. (NASDAQ:FFIC) traded down 0.71% during mid-day trading on Thursday, hitting $18.08. 31,112 shares of the company’s stock traded hands. Flushing Financial Corp. has a one year low of $13.67 and a one year high of $19.88. The stock’s 50-day moving average is $18.83 and its 200-day moving average is $16.85. The company has a market cap of $546.2 million and a price-to-earnings ratio of 15.83.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 27th. Investors of record on Friday, September 6th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Wednesday, September 4th.
Flushing Financial Corporation is a unitary savings and loan holding company. The primary business of the Company is the operation of its wholly owned subsidiary, Flushing Savings Bank, FSB (NASDAQ:FFIC).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.