On December 18, 2023, the insider, Steven Diorio, a Director at Flushing Financial Corp (FFIC, Financial), sold 6,500 shares of the company's stock, according to a recent SEC Filing. This transaction was executed in a single trade at an average price of $16.42 per share, resulting in a total sale amount of $106,730.
Flushing Financial Corp, operating through its subsidiary, Flushing Bank, provides banking products and services primarily to consumers and businesses in New York. The company offers various deposit products and emphasizes commercial and multi-family residential real estate lending.
Over the past year, the insider's trading activities have included the sale of 6,500 shares and no recorded purchases of Flushing Financial Corp stock.
The insider transaction history for Flushing Financial Corp indicates a trend of more insider sales than purchases over the past year, with 1 insider buy and 3 insider sells recorded during this period.
On the date of the insider's recent sale, Flushing Financial Corp's shares were trading at $16.42, giving the company a market capitalization of $477.504 million.
The stock's price-earnings ratio stood at 14.75, above the industry median of 8.975 and also above the historical median price-earnings ratio for the company.
According to the GuruFocus Value assessment, with a share price of $16.42 and a GF Value of $24.11, Flushing Financial Corp's price-to-GF-Value ratio was 0.68, indicating that the stock was significantly undervalued.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to the company's past performance, and future business performance estimates provided by Morningstar analysts.
The insider trend image above reflects the recent insider trading activities at Flushing Financial Corp.
The GF Value image provides a visual representation of Flushing Financial Corp's current valuation in relation to its intrinsic value as estimated by GuruFocus.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
