Have Insiders Sold Flushing Financial Corporation (NASDAQ:FFIC) Shares Recently?

By
Simply Wall St
Published
March 01, 2021
NasdaqGS:FFIC

Investors may wish to note that the Senior EVP & Chief of Real Estate Lending of Flushing Financial Corporation, Francis Korzekwinski, recently netted US$59k from selling stock, receiving an average price of US$21.83. However we note that the sale only shrunk their holding by 2.0%.

View our latest analysis for Flushing Financial

The Last 12 Months Of Insider Transactions At Flushing Financial

In the last twelve months, the biggest single purchase by an insider was when Director Douglas Manditch bought US$381k worth of shares at a price of US$14.10 per share. We do like to see buying, but this purchase was made at well below the current price of US$20.75. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months insiders purchased 42.40k shares for US$567k. But they sold 5.70k shares for US$107k. Overall, Flushing Financial insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
NasdaqGS:FFIC Insider Trading Volume March 1st 2021

Flushing Financial is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Flushing Financial insiders own about US$30m worth of shares. That equates to 5.1% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Flushing Financial Tell Us?

An insider sold stock recently, but they haven't been buying. But we take heart from prior transactions. We like that insiders own a fair amount of the company. So we're not overly bothered by recent selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Flushing Financial. Case in point: We've spotted 2 warning signs for Flushing Financial you should be aware of.

But note: Flushing Financial may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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