Donna M. Obrien Sells 6,000 Shares of Flushing Financial Co. (FFIC) Stock

Flushing Financial Co. (NASDAQ:FFIC) Director Donna M. Obrien sold 6,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $27.73, for a total value of $166,380.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Flushing Financial Co. (NASDAQ:FFIC) traded down $0.06 during trading hours on Wednesday, reaching $26.76. The company’s stock had a trading volume of 29,134 shares, compared to its average volume of 65,072. Flushing Financial Co. has a 12 month low of $24.27 and a 12 month high of $31.69. The stock has a market cap of $779.03, a PE ratio of 18.89, a P/E/G ratio of 1.50 and a beta of 1.05. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.23.

Flushing Financial (NASDAQ:FFIC) last posted its earnings results on Tuesday, January 30th. The bank reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.09). Flushing Financial had a return on equity of 8.59% and a net margin of 16.79%. The firm had revenue of $46.12 million for the quarter. analysts predict that Flushing Financial Co. will post 1.84 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of FFIC. Schwab Charles Investment Management Inc. increased its holdings in Flushing Financial by 1.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 128,161 shares of the bank’s stock worth $3,613,000 after purchasing an additional 1,490 shares during the period. Legal & General Group Plc increased its holdings in Flushing Financial by 2.0% during the 2nd quarter. Legal & General Group Plc now owns 10,446 shares of the bank’s stock worth $295,000 after purchasing an additional 207 shares during the period. Wells Fargo & Company MN increased its holdings in Flushing Financial by 0.8% during the 2nd quarter. Wells Fargo & Company MN now owns 30,381 shares of the bank’s stock worth $857,000 after purchasing an additional 230 shares during the period. Teachers Advisors LLC increased its holdings in Flushing Financial by 8.3% during the 2nd quarter. Teachers Advisors LLC now owns 56,093 shares of the bank’s stock worth $1,581,000 after purchasing an additional 4,300 shares during the period. Finally, TIAA CREF Investment Management LLC increased its holdings in Flushing Financial by 0.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 100,927 shares of the bank’s stock worth $2,845,000 after purchasing an additional 785 shares during the period. Institutional investors own 76.49% of the company’s stock.

Several brokerages have issued reports on FFIC. Sandler O’Neill cut Flushing Financial from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a report on Thursday, November 30th. They noted that the move was a valuation call. Zacks Investment Research upgraded Flushing Financial from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Friday, November 3rd. ValuEngine upgraded Flushing Financial from a “hold” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub cut Flushing Financial from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $28.00 target price on shares of Flushing Financial in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $30.25.

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Flushing Financial 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’s subsidiaries include Flushing Preferred Funding Corporation, Flushing Service Corporation and FSB Properties Inc The Company also owns Flushing Financial Capital Trust II, Flushing Financial Capital Trust III and Flushing Financial Capital Trust IV (the Trusts).

Insider Buying and Selling by Quarter for Flushing Financial (NASDAQ:FFIC)

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