Angel Oak Capital Advisors LLC Makes New Investment in Flushing Financial Co. (NASDAQ:FFIC)

Angel Oak Capital Advisors LLC acquired a new stake in shares of Flushing Financial Co. (NASDAQ:FFIC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 30,000 shares of the bank's stock, valued at approximately $428,000. Flushing Financial makes up 0.6% of Angel Oak Capital Advisors LLC's investment portfolio, making the stock its 21st biggest position. Angel Oak Capital Advisors LLC owned 0.09% of Flushing Financial as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Stieven Capital Advisors L.P. acquired a new stake in Flushing Financial during the fourth quarter valued at approximately $3,344,000. Empowered Funds LLC boosted its holdings in shares of Flushing Financial by 2.8% in 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. Sageworth Trust Co acquired a new position in shares of Flushing Financial in the 4th quarter worth approximately $143,000. R Squared Ltd acquired a new position in shares of Flushing Financial in the 4th quarter worth approximately $28,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Flushing Financial in the 4th quarter worth approximately $219,000. 67.10% of the stock is owned by institutional investors and hedge funds.

Flushing Financial Trading Down 2.9 %

NASDAQ:FFIC traded down $0.43 during trading hours on Friday, hitting $14.21. 226,378 shares of the stock were exchanged, compared to its average volume of 272,161. The company's 50 day moving average is $14.51 and its two-hundred day moving average is $15.00. Flushing Financial Co. has a twelve month low of $10.74 and a twelve month high of $18.59. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $478.14 million, a P/E ratio of -14.06 and a beta of 0.81.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.14 earnings per share (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%. On average, sell-side analysts anticipate that Flushing Financial Co. will post 1.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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