Renaissance Technologies LLC Acquires 32,160 Shares of Flushing Financial Co. (NASDAQ:FFIC)

Renaissance Technologies LLC boosted its position in shares of Flushing Financial Co. (NASDAQ:FFIC - Free Report) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 381,760 shares of the bank's stock after buying an additional 32,160 shares during the quarter. Renaissance Technologies LLC owned 1.13% of Flushing Financial worth $5,452,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FFIC. R Squared Ltd bought a new position in shares of Flushing Financial during the 4th quarter valued at about $28,000. US Bancorp DE lifted its stake 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 last quarter. New York State Common Retirement Fund boosted its holdings in Flushing Financial by 27.8% during 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 grew its position in 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 last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Flushing Financial in the fourth quarter valued at $141,000. 67.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Thomas Buonaiuto sold 6,800 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $12.92, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 6.31% of the company's stock.

Flushing Financial Trading Down 0.9 %

Shares of Flushing Financial stock traded down $0.11 during trading on Friday, hitting $12.20. The stock had a trading volume of 34,614 shares, compared to its average volume of 245,149. Flushing Financial Co. has a 1 year low of $10.65 and a 1 year high of $18.59. The stock has a 50 day simple moving average of $12.78 and a 200 day simple moving average of $14.59. 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 $412.08 million, a PE ratio of -12.06 and a beta of 0.67.

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 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 EPS for the current fiscal year.

Flushing Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors 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 was Friday, March 14th. Flushing Financial's payout ratio is -87.13%.

Analysts Set New Price Targets

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

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.