Curi RMB Capital LLC Acquires Shares of 312,248 Flushing Financial Co. (NASDAQ:FFIC)

Curi RMB Capital LLC bought a new position in shares of Flushing Financial Co. (NASDAQ:FFIC - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 312,248 shares of the bank's stock, valued at approximately $4,459,000. Curi RMB Capital LLC owned approximately 0.93% of Flushing Financial at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its stake in Flushing Financial by 27.8% in the 4th quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank's stock worth $92,000 after purchasing an additional 1,400 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Flushing Financial by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 234,974 shares of the bank's stock valued at $3,355,000 after purchasing an additional 1,738 shares in the last quarter. R Squared Ltd bought a new stake in shares of Flushing Financial in the fourth quarter valued at about $28,000. Y Intercept Hong Kong Ltd boosted its position in shares of Flushing Financial by 15.3% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 16,758 shares of the bank's stock worth $239,000 after buying an additional 2,219 shares during the period. Finally, Empowered Funds LLC grew its holdings in shares of Flushing Financial by 2.8% during the fourth quarter. Empowered Funds LLC now owns 94,908 shares of the bank's stock worth $1,355,000 after buying 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 0.8 %

Shares of NASDAQ FFIC traded down $0.10 during mid-day trading on Friday, hitting $12.21. The company had a trading volume of 59,365 shares, compared to its average volume of 245,252. 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 firm has a 50-day simple moving average of $12.78 and a two-hundred day simple moving average of $14.59. The company has a market capitalization of $412.42 million, a PE ratio of -12.05 and a beta of 0.67. Flushing Financial Co. has a one year low of $10.65 and a one year high of $18.59.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates 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%. On average, equities analysts expect that Flushing Financial Co. will post 1.2 EPS for the current year.

Flushing Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 7.21%. The ex-dividend date of this dividend was Friday, March 14th. Flushing Financial's dividend payout ratio (DPR) is currently -87.13%.

Insider Buying and Selling at Flushing Financial

In related news, EVP Thomas Buonaiuto sold 6,800 shares of the firm's stock in a transaction dated 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 directly owns 32,336 shares in the company, valued at approximately $417,781.12. This trade represents a 17.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.31% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Flushing Financial from a "hold" rating to a "sell" rating in a research report on Tuesday, March 25th.

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.