FFIC SEVP Bingold buys 1,000 shares at $15.25; 8 other insiders bought in past 14 days—cluster buy pattern at $11.02–$18.20 52-week range
Michael Bingold, Senior EVP, purchased 1,000 shares of FLUSHING FINANCIAL CORP at $15.25 on 2024-12-12, increasing his holdings to 53,450 shares. This transaction occurs within a coordinated insider-buying cluster: 8 other insiders also bought within the past 14 days, suggesting broad-based executive confidence in the stock at current levels. The company has delivered strong fundamentals—annual revenue growth of +68.9% with net income of $8.9M in the latest quarter—though the stock is currently trading -16.2% from its 52-week high and down -13.1% over the past 30 days, placing the purchase near the lower end of recent price action. The cluster buy pattern, combined with substantial revenue growth and a P/E of 19.08, warrants attention as a potential signal of insider assessment relative to recent market weakness.