Wealth Enhancement Advisory Services LLC Acquires New Shares in Flushing Financial Co. (NASDAQ:FFIC)

Wealth Enhancement Advisory Services LLC bought a new position in shares of Flushing Financial Co. (NASDAQ:FFIC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,453 shares of the bank’s stock, valued at approximately $196,000.

Several other institutional investors have also recently bought and sold shares of FFIC. Vanguard Group Inc. increased its position in Flushing Financial by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,609,430 shares of the bank’s stock worth $20,295,000 after purchasing an additional 5,933 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Flushing Financial by 0.9% during the first quarter. Gamco Investors INC. ET AL now owns 1,209,250 shares of the bank’s stock worth $15,249,000 after buying an additional 11,285 shares during the last quarter. Dana Investment Advisors Inc. increased its holdings in shares of Flushing Financial by 11.5% during the second quarter. Dana Investment Advisors Inc. now owns 453,198 shares of the bank’s stock worth $5,960,000 after buying an additional 46,800 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Flushing Financial by 16.1% in the 2nd quarter. American Century Companies Inc. now owns 452,209 shares of the bank’s stock valued at $5,947,000 after acquiring an additional 62,659 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Flushing Financial by 38.1% during the 2nd quarter. Acadian Asset Management LLC now owns 370,758 shares of the bank’s stock valued at $4,874,000 after acquiring an additional 102,219 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Raymond James increased their target price on Flushing Financial from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Piper Sandler lowered shares of Flushing Financial from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $15.00 to $16.50 in a report on Tuesday, July 30th. StockNews.com raised shares of Flushing Financial from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Flushing Financial from $13.00 to $15.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Flushing Financial has an average rating of “Hold” and an average target price of $15.50.

Insider Transactions at Flushing Financial

In related news, Director Sam Sang Ki Han sold 10,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $15.47, for a total value of $154,700.00. Following the transaction, the director now owns 67,251 shares in the company, valued at $1,040,372.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Sam Sang Ki Han sold 10,000 shares of Flushing Financial stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $15.47, for a total value of $154,700.00. Following the completion of the transaction, the director now directly owns 67,251 shares of the company’s stock, valued at approximately $1,040,372.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Maria A. Grasso sold 4,500 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $13.49, for a total value of $60,705.00. Following the completion of the transaction, the chief operating officer now directly owns 83,238 shares in the company, valued at $1,122,880.62. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,500 shares of company stock worth $344,925 over the last three months. 6.31% of the stock is owned by company insiders.

Flushing Financial Price Performance

Flushing Financial stock opened at $17.97 on Wednesday. The stock’s 50 day moving average is $14.93 and its 200 day moving average is $13.84. Flushing Financial Co. has a one year low of $10.74 and a one year high of $18.39. The firm has a market cap of $522.39 million, a P/E ratio of 20.66 and a beta of 0.75. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 1.01.

Flushing Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend was Friday, September 6th. Flushing Financial’s dividend payout ratio is currently 101.15%.

About Flushing Financial

Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. It offers various deposit products, including checking and savings accounts, money market accounts, non-interest bearing demand accounts, NOW accounts, and certificates of deposit.