Flushing Financial Co. (NASDAQ:FFIC) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in Flushing Financial Co. (NASDAQ:FFIC - Free Report) by 56.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,833 shares of the bank's stock after purchasing an additional 18,773 shares during the quarter. Barclays PLC owned 0.15% of Flushing Financial worth $756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FFIC. American Century Companies Inc. grew its holdings in Flushing Financial by 16.1% during the second quarter. American Century Companies Inc. now owns 452,209 shares of the bank's stock worth $5,947,000 after acquiring an additional 62,659 shares during the period. Renaissance Technologies LLC grew its stake in shares of Flushing Financial by 4.7% during the 2nd quarter. Renaissance Technologies LLC now owns 334,900 shares of the bank's stock worth $4,404,000 after purchasing an additional 15,000 shares during the period. Sei Investments Co. increased its holdings in shares of Flushing Financial by 20.3% in the 2nd quarter. Sei Investments Co. now owns 142,004 shares of the bank's stock valued at $1,867,000 after purchasing an additional 24,008 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Flushing Financial by 1.3% in the second quarter. Cubist Systematic Strategies LLC now owns 68,151 shares of the bank's stock valued at $896,000 after purchasing an additional 907 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Flushing Financial during the second quarter worth about $61,000. Institutional investors and hedge funds own 67.10% of the company's stock.

Insiders Place Their Bets

In other news, CAO Astrid Burrowes sold 8,000 shares of Flushing Financial stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $16.19, for a total transaction of $129,520.00. Following the completion of the sale, the chief accounting officer now directly owns 34,853 shares in the company, valued at $564,270.07. The trade was a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sam Sang Ki Han sold 10,000 shares of the company's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $15.47, for a total transaction of $154,700.00. Following the transaction, the director now directly owns 67,251 shares in the company, valued at $1,040,372.97. The trade was a 12.94 % decrease in their position. The disclosure for this sale can be found here. 6.31% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Flushing Financial from a "sell" rating to a "hold" rating in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $15.50.

Flushing Financial Price Performance

FFIC traded down $0.09 during midday trading on Thursday, reaching $14.95. 241,728 shares of the company's stock were exchanged, compared to its average volume of 414,663. The business's 50-day moving average price is $16.09 and its 200 day moving average price is $14.96. The stock has a market capitalization of $503.22 million, a PE ratio of 17.18 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 current ratio of 0.94 and a quick ratio of 0.94.

Flushing Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date was Friday, December 6th. Flushing Financial's dividend payout ratio (DPR) is presently 101.15%.

About Flushing Financial

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.