Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Flushing Financial Co. (NASDAQ:FFIC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,441 shares of the bank's stock, valued at approximately $278,000. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of Flushing Financial as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of FFIC. Quest Partners LLC lifted its holdings in Flushing Financial by 123.5% during the 3rd quarter. Quest Partners LLC now owns 27,383 shares of the bank's stock worth $399,000 after buying an additional 15,129 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Flushing Financial by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 233,236 shares of the bank's stock worth $3,401,000 after acquiring an additional 4,876 shares during the last quarter. FMR LLC lifted its stake in shares of Flushing Financial by 64.1% in the third quarter. FMR LLC now owns 7,259 shares of the bank's stock worth $106,000 after acquiring an additional 2,836 shares during the period. BNP Paribas Financial Markets boosted its holdings in Flushing Financial by 18.7% in the third quarter. BNP Paribas Financial Markets now owns 19,661 shares of the bank's stock valued at $287,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Fourthstone LLC acquired a new stake in Flushing Financial during the 3rd quarter valued at approximately $510,000. Institutional investors own 67.10% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Flushing Financial from a "hold" rating to a "sell" rating in a research note on Tuesday.
View Our Latest Report on FFIC
Insider Transactions at Flushing Financial
In related news, EVP Thomas Buonaiuto sold 6,800 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $12.92, for a total value of $87,856.00. Following the completion of the sale, the executive vice president now directly owns 32,336 shares of the company's stock, valued at $417,781.12. The trade was a 17.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 6.31% of the company's stock.
Flushing Financial Trading Down 0.1 %
Shares of Flushing Financial stock traded down $0.01 on Thursday, hitting $13.09. 240,845 shares of the company's stock traded hands, compared to its average volume of 221,751. The company has a fifty day moving average of $14.06 and a two-hundred day moving average of $14.98. Flushing Financial Co. has a one year low of $10.74 and a one year high of $18.59. The company has a market capitalization of $442.14 million, a price-to-earnings ratio of -12.96 and a beta of 0.79. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 0.94.
Flushing Financial (NASDAQ:FFIC - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.14 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.07). Flushing Financial had a positive return on equity of 3.25% and a negative net margin of 6.46%. As a group, sell-side analysts expect that Flushing Financial Co. will post 1.2 earnings per share for the current year.
Flushing Financial Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.72%. The ex-dividend date of this dividend is Friday, March 14th. Flushing Financial's dividend payout ratio (DPR) is currently -87.13%.
Flushing Financial Company Profile
(
Free Report)
Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. It offers various deposit products, including checking and savings accounts, money market accounts, non-interest bearing demand accounts, NOW accounts, and certificates of deposit.
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