Flushing Financial Corporation Buyback
OLI recorded this information on 5/31/2023
Company: |
Flushing Financial Corporation |
Buyback: |
FFIC buyback |
Share Amount Authorized: |
1,200,000 |
Buyback Details: |
Flushing Financial Corporation (the "Company") (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the "Bank"), announced that the Board of Directors (the "Board") has authorized an increase in the purchase of its common stock by 1,000,000 shares. Stock can be purchased from time to time, in the open market or through private transactions, subject to market conditions. There is no expiration or maximum dollar amount under this authorization. From April 1, 2023, through May 25, 2023, the Company repurchased 270,338 shares at an average price of $11.47 and has 164,608 shares remaining under its previous authorization. The combined remaining authorization is 1.2 million shares. |
Flushing Financial is a bank holding company. Through its subsidiaries, Co.'s principal business is accepting retail deposits from the public and investing those deposits together with funds generated from ongoing operations and borrowings, in originations and purchases of multi-family residential properties loans, commercial business loans, commercial real estate mortgage loans and, to a lesser extent, one-to-four family loans; construction loans; Small Business Administration loans; mortgage loan surrogates; and U.S. government securities, corporate fixed-income securities and other marketable securities. Co. also originates certain other consumer loans such as overdraft lines of credit.
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Company Name: |
Flushing Financial Corp. |
Stock buyback: |
FFIC buyback |
Website: |
www.flushingbank.com |
Sector: |
Banking & Savings |
Number of ETFs Holding FFIC: |
22 |
Total Market Value Held by ETFs: |
$32.89M |
Total Market Capitalization: |
$331.00M |
% of Market Cap. Held by ETFs: |
9.94% |
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