A Director at Flushing Financial Corp (NASDAQ: FFIC) is Selling Shares

By Carrie Williams

Yesterday, a Director at Flushing Financial Corp (NASDAQ: FFIC), John Roe, sold shares of FFIC for $201K.

Following John Roe’s last FFIC Sell transaction on April 30, 2013, the stock climbed by 14.3%.

Based on Flushing Financial Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $62.28 million and quarterly net profit of $10.18 million. In comparison, last year the company earned revenue of $58.2 million and had a net profit of $10.63 million. The company has a one-year high of $31.96 and a one-year low of $24.27. FFIC’s market cap is $796.3M and the company has a P/E ratio of 16.16.

The insider sentiment on Flushing Financial Corp has been negative according to 50 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Flushing Financial Corp. operates as a bank holding company for Flushing Savings Bank, which provides banking and financial services. Its principal business is attracting retail deposits from the general public and investing those deposits together with funds generated from ongoing operations and borrowings, primarily in originations and purchases of multi-family residential properties, commercial business loans, commercial real estate mortgage loans, construction loans, small business administration loans and other small business loans, mortgage loan, U.S. government securities, corporate fixed-income securities and other marketable securities. The company was founded on May 9, 1994 and is headquartered in Lake Success, NY.