Flushing Financial Corp. (NASDAQ:FFIC) SVP Caterina Depasquale sold 1,200 shares of the stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $22.87, for a total transaction of $27,444.00. Following the completion of the sale, the senior vice president now owns 16,599 shares of the company’s stock, valued at $379,619.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Flushing Financial Corp. (NASDAQ:FFIC) traded up 0.43% during midday trading on Wednesday, reaching $23.12. 30,024 shares of the company traded hands. The company’s 50-day moving average price is $22.75 and its 200 day moving average price is $21.25. The firm has a market capitalization of $670.97 million, a PE ratio of 10.69 and a beta of 0.92. Flushing Financial Corp. has a 12 month low of $18.95 and a 12 month high of $23.78.

Flushing Financial Corp. (NASDAQ:FFIC) last issued its earnings results on Tuesday, July 26th. The company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. Flushing Financial Corp. had a return on equity of 9.21% and a net margin of 24.28%. The firm had revenue of $79.61 million for the quarter, compared to analyst estimates of $43.87 million. During the same period last year, the company earned $0.36 earnings per share. The firm’s revenue for the quarter was up 65.5% on a year-over-year basis. On average, equities analysts anticipate that Flushing Financial Corp. will post $1.63 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Wednesday, September 7th. Flushing Financial Corp.’s dividend payout ratio is presently 31.48%.

Large investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System raised its stake in shares of Flushing Financial Corp. by 0.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 22,573 shares of the company’s stock valued at $449,000 after buying an additional 129 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Flushing Financial Corp. by 0.4% in the second quarter. First Trust Advisors LP now owns 42,707 shares of the company’s stock valued at $849,000 after buying an additional 157 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Flushing Financial Corp. by 1.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,070 shares of the company’s stock valued at $693,000 after buying an additional 425 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of Flushing Financial Corp. by 3.1% in the second quarter. BlackRock Advisors LLC now owns 14,047 shares of the company’s stock valued at $279,000 after buying an additional 428 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Flushing Financial Corp. by 0.6% in the second quarter. Parametric Portfolio Associates LLC now owns 132,661 shares of the company’s stock valued at $2,637,000 after buying an additional 733 shares in the last quarter. 76.88% of the stock is currently owned by hedge funds and other institutional investors.

FFIC has been the subject of a number of recent research reports. Gabelli initiated coverage on shares of Flushing Financial Corp. in a research report on Wednesday, June 29th. They issued a “buy” rating and a $27.00 target price for the company. Zacks Investment Research upgraded shares of Flushing Financial Corp. from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, August 30th. Keefe, Bruyette & Woods raised their price objective on shares of Flushing Financial Corp. from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, August 1st. Finally, Sandler O’Neill cut shares of Flushing Financial Corp. from a “buy” rating to a “hold” rating and raised their price objective for the stock from $23.00 to $24.00 in a research report on Wednesday, August 31st.

Flushing Financial Corp. 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 owns three subsidiaries: Flushing Preferred Funding Corporation (FPFC), Flushing Service Corporation, and FSB Properties Inc (Properties).

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