EntryPoint Capital LLC Invests $332,000 in Flushing Financial Co. (NASDAQ:FFIC)

EntryPoint Capital LLC bought a new position in Flushing Financial Co. (NASDAQ:FFIC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,266 shares of the bank's stock, valued at approximately $332,000. EntryPoint Capital LLC owned about 0.07% of Flushing Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in FFIC. R Squared Ltd purchased a new stake in shares of Flushing Financial in the 4th quarter worth $28,000. US Bancorp DE grew its holdings in Flushing Financial by 496.0% during the fourth quarter. US Bancorp DE now owns 3,725 shares of the bank's stock valued at $53,000 after purchasing an additional 3,100 shares during the period. New York State Common Retirement Fund increased its position in Flushing Financial by 27.8% in the fourth quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank's stock worth $92,000 after buying an additional 1,400 shares in the last quarter. FMR LLC raised its stake in shares of Flushing Financial by 64.1% in the third quarter. FMR LLC now owns 7,259 shares of the bank's stock worth $106,000 after buying an additional 2,836 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Flushing Financial during the 4th quarter valued at about $141,000. 67.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Flushing Financial news, EVP Thomas Buonaiuto sold 6,800 shares of the business'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 sale, the executive vice president now owns 32,336 shares in the company, valued at $417,781.12. The trade was a 17.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.31% of the stock is owned by company insiders.

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Flushing Financial Price Performance

FFIC stock traded down $0.04 during trading on Monday, reaching $12.70. The company's stock had a trading volume of 283,459 shares, compared to its average volume of 234,997. 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's fifty day moving average is $13.94 and its 200-day moving average is $14.98. The company has a market capitalization of $428.97 million, a P/E ratio of -12.57 and a beta of 0.79. Flushing Financial Co. has a 1 year low of $10.74 and a 1 year high of $18.59.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last released its earnings results 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, research analysts expect that Flushing Financial Co. will post 1.2 earnings per share for the current fiscal year.

Flushing Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 6.93%. The ex-dividend date was Friday, March 14th. Flushing Financial's dividend payout ratio (DPR) is presently -87.13%.

Wall Street Analysts Forecast Growth

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

Flushing Financial Company 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.