Arrowstreet Capital Limited Partnership grew its stake in Flushing Financial Co. (NASDAQ:FFIC - Free Report) by 87.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 359,319 shares of the bank's stock after acquiring an additional 167,580 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.07% of Flushing Financial worth $5,131,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in FFIC. Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 4,876 shares in the last quarter. FMR LLC grew its stake in Flushing Financial by 64.1% during the 3rd quarter. FMR LLC now owns 7,259 shares of the bank's stock worth $106,000 after purchasing an additional 2,836 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Flushing Financial by 18.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 19,661 shares of the bank's stock worth $287,000 after purchasing an additional 3,100 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Flushing Financial in the 3rd quarter valued at about $171,000. Finally, Jane Street Group LLC boosted its stake in shares of Flushing Financial by 14.5% in the 3rd quarter. Jane Street Group LLC now owns 58,821 shares of the bank's stock valued at $858,000 after buying an additional 7,467 shares during the period. 67.10% of the stock is currently owned by institutional investors and hedge funds.
Flushing Financial Stock Down 1.3 %
NASDAQ:FFIC traded down $0.14 during trading hours on Friday, hitting $10.90. The company's stock had a trading volume of 292,596 shares, compared to its average volume of 241,638. The stock has a market capitalization of $368.17 million, a P/E ratio of -10.79 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. The stock has a fifty day moving average of $13.35 and a 200-day moving average of $14.74. Flushing Financial Co. has a 52-week low of $10.65 and a 52-week high of $18.59.
Flushing Financial (NASDAQ:FFIC - Get Free Report) last issued 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, equities analysts forecast that Flushing Financial Co. will post 1.2 earnings per share for the current year.
Flushing Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 8.07%. The ex-dividend date of this dividend was Friday, March 14th. Flushing Financial's dividend payout ratio is currently -87.13%.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Flushing Financial from a "hold" rating to a "sell" rating in a research note on Tuesday, March 25th.
Check Out Our Latest Analysis on Flushing Financial
Insider Activity
In related news, EVP Thomas Buonaiuto sold 6,800 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were 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 owns 32,336 shares in the company, valued at $417,781.12. This represents a 17.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.31% of the company's stock.
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.
Further Reading
Before you consider Flushing Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Flushing Financial wasn't on the list.
While Flushing Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
