American Century Companies Inc. raised its stake in Flushing Financial Co. (NASDAQ:FFIC - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 617,687 shares of the bank's stock after acquiring an additional 116,819 shares during the period. American Century Companies Inc. owned 1.84% of Flushing Financial worth $8,821,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in Flushing Financial by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 694,216 shares of the bank's stock valued at $10,124,000 after purchasing an additional 5,128 shares during the period. Patriot Financial Partners GP LP bought a new stake in Flushing Financial in the fourth quarter valued at $6,783,000. Dana Investment Advisors Inc. boosted its holdings in shares of Flushing Financial by 5.1% during the fourth quarter. Dana Investment Advisors Inc. now owns 426,060 shares of the bank's stock valued at $6,084,000 after acquiring an additional 20,558 shares during the period. Bank of New York Mellon Corp grew its position in shares of Flushing Financial by 36.0% during the fourth quarter. Bank of New York Mellon Corp now owns 257,765 shares of the bank's stock worth $3,681,000 after acquiring an additional 68,260 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Flushing Financial by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 234,974 shares of the bank's stock worth $3,355,000 after acquiring an additional 1,738 shares during the period. 67.10% of the stock is owned by institutional investors.
Flushing Financial Price Performance
NASDAQ:FFIC traded down $0.10 during midday trading on Monday, hitting $11.20. 355,202 shares of the stock were exchanged, compared to its average volume of 238,155. The company has a market capitalization of $378.30 million, a price-to-earnings ratio of -11.09 and a beta of 0.67. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.27. Flushing Financial Co. has a one year low of $10.74 and a one year high of $18.59. The business has a 50-day moving average price of $13.67 and a two-hundred day moving average price of $14.88.
Flushing Financial (NASDAQ:FFIC - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.14 EPS for the quarter, missing analysts' consensus estimates 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%. Sell-side analysts predict that Flushing Financial Co. will post 1.2 EPS for the current year.
Flushing Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.22 per share. The ex-dividend date was Friday, March 14th. This represents a $0.88 annualized dividend and a dividend yield of 7.86%. Flushing Financial's dividend payout ratio (DPR) is -87.13%.
Insider Transactions at Flushing Financial
In other news, EVP Thomas Buonaiuto sold 6,800 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $12.92, for a total transaction 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. This trade represents a 17.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 6.31% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of Flushing Financial from a "hold" rating to a "sell" rating in a research note on Tuesday, March 25th.
View Our Latest Research Report on Flushing Financial
About Flushing Financial
(
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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