Insider Selling: Flushing Financial Corp. CEO Sells 15,000 Shares of Stock (FFIC)
Flushing Financial Corp. (NASDAQ:FFIC) CEO John R. Buran sold 15,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $19.25, for a total transaction of $288,750.00. Following the completion of the sale, the chief executive officer now directly owns 106,553 shares in the company, valued at approximately $2,051,145. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Flushing Financial Corp. (NASDAQ:FFIC) traded down 0.47% on Thursday, hitting $19.09. 53,552 shares of the company’s stock traded hands. Flushing Financial Corp. has a 1-year low of $17.52 and a 1-year high of $21.91. The stock has a 50-day moving average of $19.14 and a 200-day moving average of $20.00. The company has a market cap of $573.8 million and a price-to-earnings ratio of 13.23.
Flushing Financial Corp. (NASDAQ:FFIC) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.02. During the same quarter in the prior year, the company posted $0.33 earnings per share. On average, analysts predict that Flushing Financial Corp. will post $1.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Wednesday, September 3rd.
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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