Stieven Capital Advisors L.P. Takes $3.34 Million Position in Flushing Financial Co. (NASDAQ:FFIC)

Stieven Capital Advisors L.P. bought a new position in shares of Flushing Financial Co. (NASDAQ:FFIC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 234,165 shares of the bank's stock, valued at approximately $3,344,000. Stieven Capital Advisors L.P. owned approximately 0.70% of Flushing Financial at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in Flushing Financial by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 694,216 shares of the bank's stock worth $10,124,000 after purchasing an additional 5,128 shares in the last quarter. Verition Fund Management LLC acquired a new position in Flushing Financial during the 3rd quarter worth $4,936,000. Charles Schwab Investment Management Inc. grew its stake in Flushing Financial by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,236 shares of the bank's stock worth $3,401,000 after purchasing an additional 4,876 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Flushing Financial by 59.3% during the 3rd quarter. GSA Capital Partners LLP now owns 107,142 shares of the bank's stock worth $1,562,000 after acquiring an additional 39,872 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Flushing Financial by 2.8% during the 4th quarter. Empowered Funds LLC now owns 94,908 shares of the bank's stock worth $1,355,000 after acquiring an additional 2,596 shares in the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

Flushing Financial Stock Down 0.1 %

Shares of NASDAQ:FFIC traded down $0.02 on Wednesday, hitting $15.05. 152,774 shares of the company's stock were exchanged, compared to its average volume of 325,726. The firm's 50-day moving average is $14.63 and its 200 day moving average is $14.99. The company has a market capitalization of $506.58 million, a PE ratio of -14.90 and a beta of 0.81. Flushing Financial Co. has a 1-year low of $10.74 and a 1-year high of $18.59. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.94 and a current ratio of 0.94.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last posted its earnings results on Tuesday, January 28th. The bank reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.07). Flushing Financial had a negative net margin of 6.46% and a positive return on equity of 3.25%. Sell-side analysts predict that Flushing Financial Co. will post 1.2 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com cut Flushing Financial from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $15.50.

Flushing Financial Profile

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.