13,453 Shares in Flushing Financial Co. (NASDAQ:FFIC) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new position in shares of Flushing Financial Co. (NASDAQ:FFIC) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 13,453 shares of the bank’s stock, valued at approximately $196,000.

Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in shares of Flushing Financial by 531.8% in the 2nd quarter. AQR Capital Management LLC now owns 326,376 shares of the bank’s stock worth $4,292,000 after acquiring an additional 274,720 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Flushing Financial in the first quarter worth approximately $3,385,000. American Century Companies Inc. lifted its holdings in shares of Flushing Financial by 16.1% in the second quarter. American Century Companies Inc. now owns 452,209 shares of the bank’s stock valued at $5,947,000 after purchasing an additional 62,659 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Flushing Financial by 183.4% during the first quarter. Empowered Funds LLC now owns 81,322 shares of the bank’s stock valued at $1,025,000 after buying an additional 52,627 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Flushing Financial by 41.0% during the second quarter. Assenagon Asset Management S.A. now owns 161,275 shares of the bank’s stock worth $2,121,000 after buying an additional 46,871 shares in the last quarter. 67.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Flushing Financial news, Director Sam Sang Ki Han sold 10,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $15.47, for a total transaction 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Sam Sang Ki Han sold 10,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $15.47, for a total transaction of $154,700.00. Following the completion of the transaction, the director now owns 67,251 shares in the company, valued at approximately $1,040,372.97. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Astrid Burrowes sold 8,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $16.19, for a total value of $129,520.00. Following the completion of the sale, the chief accounting officer now owns 34,853 shares in the company, valued at $564,270.07. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,500 shares of company stock valued at $344,925. 6.31% of the stock is owned by company insiders.

Flushing Financial Price Performance

Shares of NASDAQ:FFIC opened at $17.97 on Wednesday. Flushing Financial Co. has a fifty-two week low of $10.74 and a fifty-two week high of $18.39. The company’s 50-day moving average is $14.93 and its 200 day moving average is $13.84. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.01 and a current ratio of 0.94. The company has a market capitalization of $522.39 million, a P/E ratio of 20.66 and a beta of 0.75.

Flushing Financial Dividend Announcement

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

Flushing Financial Profile

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.