Flushing Financial Corp. EVP Maria Grasso Sells 7,000 Shares (FFIC)
Flushing Financial Corp. (NASDAQ:FFIC) EVP Maria Grasso unloaded 7,000 shares of the company’s stock on the open market in a transaction dated Monday, September 16th. The shares were sold at an average price of $18.17, for a total transaction of $127,190.00. Following the sale, the executive vice president now directly owns 71,513 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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.
Shares of Flushing Financial Corp. (NASDAQ:FFIC) traded down 0.86% on Wednesday, hitting $18.48. The stock had a trading volume of 49,040 shares. Flushing Financial Corp. has a 52 week low of $13.67 and a 52 week high of $19.88. The stock’s 50-day moving average is $18.7 and its 200-day moving average is $16.. The company has a market cap of $558.3 million and a price-to-earnings ratio of 16.21.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 27th. Investors of record on Friday, September 6th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend 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).
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