10 Small–Cap Stocks Insiders Are Buying Recently

2. Flushing Financial Corporation (NASDAQ:FFIC)

Number of Insiders Buying: 9

Market Capitalization: $469.544 million

On December 12, as many as nine insiders, including the President and CEO, bought around $248,460 worth of Flushing Financial Corporation shares at a price of $15.25 per share. The company priced common stock offering, and the management took part in raising the capital. This could signal management’s confidence in the company’s future. During the fourth quarter, the company took several actions to improve profitability and strengthen the balance sheet, including raising $70 million of common capital.

The stock is currently trading at $14.15, having lost 0.91% year-to-date. Over the last 12 months, the shares dropped 6.17%.

Flushing Financial Corporations is a New York-based bank holding company, operating through its subsidiary, Flushing Bank. It provides various financial services, such as commercial and residential real estate loans, construction loans, and consumer loans.

As per the data from StockAnalysis, the consensus rating on the stock is “Hold” from four analysts. Their price target is $15.50 for an upside of 9.54%.