November 23, 2016 - By Dolores Ford
Based on an average market price per share of $26.7, Barbara Beckmann, the Flushing Financial Corp’s Executive Vice President unloaded 1,500 shares of Flushing Financial Corp worth approximately $40,035 USD. This deal was reported on November 22, 2016 and is already filed with the SEC. The source Form 4 is ready for review to the public here. Today, she possess 31,748 shares or roughly 0.11% of the company’s market cap.
Out of 4 analysts covering Flushing Financial (NASDAQ:FFIC), 0 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 0 are positive. Flushing Financial has been the topic of 6 analyst reports since August 25, 2015 according to StockzIntelligence Inc. As per Thursday, October 29, the company rating was downgraded by Piper Jaffray. Gabelli downgraded the shares of FFIC in a report on Friday, November 11 to “Hold” rating. The rating was initiated by Gabelli on Wednesday, June 29 with “Buy”. The company was downgraded on Wednesday, August 31 by Sandler O’Neill. The firm has “Sell” rating by Zacks given on Tuesday, August 25. The company was downgraded on Wednesday, September 2 by Zacks.
Insitutional Activity: The institutional sentiment increased to 1.35 in 2016 Q2. Its up 0.22, from 1.13 in 2016Q1. The ratio is positive, as 9 funds sold all Flushing Financial Corporation shares owned while 31 reduced positions. 6 funds bought stakes while 39 increased positions. They now own 21.88 million shares or 3.52% less from 22.67 million shares in 2016Q1.
The New York-based State Common Retirement Fund has invested 0% in Flushing Financial Corporation (NASDAQ:FFIC). Brandywine Global Inv Management Limited Liability holds 0.01% or 49,225 shares in its portfolio. Martingale Asset Limited Partnership holds 24,610 shares or 0.01% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) owns 1,706 shares or 0% of their US portfolio. Wellington Mngmt Gru Ltd Liability Partnership holds 0.01% or 2.46 million shares in its portfolio. Moreover, Royal National Bank Of Canada has 0% invested in Flushing Financial Corporation (NASDAQ:FFIC) for 51,802 shares. Ubs Asset Management Americas holds 0% or 13,990 shares in its portfolio. Renaissance Limited Liability Corp, a New York-based fund reported 386,660 shares. Geode Cap Mgmt Ltd Com has 0% invested in the company for 218,777 shares. Citigroup Incorporated reported 8,609 shares or 0% of all its holdings. Teachers Advsr has 0% invested in the company for 49,015 shares. Putnam Investments Ltd Llc reported 75,953 shares or 0% of all its holdings. Kestrel Invest Mngmt has invested 1.59% of its portfolio in Flushing Financial Corporation (NASDAQ:FFIC). Price T Rowe Associate Md has invested 0% of its portfolio in Flushing Financial Corporation (NASDAQ:FFIC). Moreover, Boston Prns has 0.01% invested in Flushing Financial Corporation (NASDAQ:FFIC) for 233,893 shares.
Insider Transactions: Since May 25, 2016, the stock had 1 insider buy, and 16 insider sales for $1.22 million net activity. Liotta Gary P sold 1,900 shares worth $43,016. Allen Brewer M. also sold $6,810 worth of Flushing Financial Corporation (NASDAQ:FFIC) on Wednesday, September 14. KORZEKWINSKI FRANCIS W had sold 3,872 shares worth $86,487 on Wednesday, August 17. $20,726 worth of Flushing Financial Corporation (NASDAQ:FFIC) was sold by dePasquale Caterina on Tuesday, June 14. $100,752 worth of Flushing Financial Corporation (NASDAQ:FFIC) was sold by Obrien Donna M on Thursday, May 26. 7,850 Flushing Financial Corporation (NASDAQ:FFIC) shares with value of $175,977 were sold by BENNETT JAMES DAVISON. The insider ROE JOHN E SR sold $216,100.
The stock increased 1.87% or $0.49 during the last trading session, hitting $26.64. About 71,538 shares traded hands or 0.57% up from the average. Flushing Financial Corporation (NASDAQ:FFIC) has risen 22.77% since April 20, 2016 and is uptrending. It has outperformed by 18.21% the S&P500.
Flushing Financial Corporation is the bank holding firm for Flushing Bank . The company has a market cap of $746.97 million. The Firm is a community-oriented financial institution offering a range of financial services. It has a 12.4 P/E ratio. The Bank owns three subsidiaries: Flushing Preferred Funding Corporation (FPFC), Flushing Service Corporation, and FSB Properties Inc. (Properties).
According to Zacks Investment Research, “FLUSHING FINANCIAL CORP. is a unitary savings and loan holding company, which, under existing laws, is generally not restricted as to types of business activities in which it may engage, provided that the subsidiary, continues to be a qualified thrift lender. Under the regulations of the Office of Thrift Supervision, the subsidiary is a qualified thrift lender if its ratio of qualified thrift investments to portfolio assets is 65% or more, on a monthly average basis in nine of every 12 months.”
More important recent Flushing Financial Corporation (NASDAQ:FFIC) news were published by: Globenewswire.com which released: “Flushing Financial Corporation to Meet With Institutional Investors” on November 14, 2016, also Marketwatch.com published article titled: “Flushing Financial Corp.”, Reuters.com published: “BRIEF-Flushing Financial Corp reports third quarter GAAP” on October 25, 2016. More interesting news about Flushing Financial Corporation (NASDAQ:FFIC) was released by: Globenewswire.com and their article: “Flushing Financial Corporation’s David W. Fry, Chief Financial Officer, to ..” with publication date: February 01, 2016.
Flushing Financial Corporation, incorporated on May 9, 1994, is the bank holding firm for Flushing Bank (the Bank). The Firm is a community-oriented financial institution offering a range of financial services. The Bank owns three subsidiaries: Flushing Preferred Funding Corporation, Flushing Service Corporation, and FSB Properties Inc. The Firm also owns Flushing Financial Capital Trust II, Flushing Financial Capital Trust III, and Flushing Financial Capital Trust IV (the Trusts). The Bank operates approximately 20 full-service offices, located in the New York City Boroughs of Queens, Brooklyn, and Manhattan, and in Nassau County, New York. The Firm also operates an Internet branch, iGObanking.com. The Bank has a business banking unit, which provides a range of commercial business deposit, loan and cash management products.
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By Dolores Ford