Flushing Financial Co. (NASDAQ:FFIC) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP raised its holdings in shares of Flushing Financial Co. (NASDAQ:FFIC - Free Report) by 59.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,142 shares of the bank's stock after buying an additional 39,872 shares during the quarter. GSA Capital Partners LLP owned about 0.37% of Flushing Financial worth $1,562,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FFIC. Acadian Asset Management LLC acquired a new position in shares of Flushing Financial during the 1st quarter valued at about $3,385,000. Assenagon Asset Management S.A. boosted its position in shares of Flushing Financial by 41.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 161,275 shares of the bank's stock valued at $2,121,000 after acquiring an additional 46,871 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Flushing Financial by 183.4% during the 1st quarter. Empowered Funds LLC now owns 81,322 shares of the bank's stock valued at $1,025,000 after acquiring an additional 52,627 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Flushing Financial by 531.8% during the 2nd quarter. AQR Capital Management LLC now owns 326,376 shares of the bank's stock valued at $4,292,000 after acquiring an additional 274,720 shares during the last quarter. Finally, Dana Investment Advisors Inc. boosted its position in shares of Flushing Financial by 11.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 453,198 shares of the bank's stock valued at $5,960,000 after acquiring an additional 46,800 shares during the last quarter. Hedge funds and other institutional investors own 67.10% of the company's stock.

Insider Transactions at Flushing Financial

In other Flushing Financial news, CAO Astrid Burrowes sold 8,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $16.19, for a total value of $129,520.00. Following the transaction, the chief accounting officer now directly owns 34,853 shares in the company, valued at $564,270.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, COO Maria A. Grasso sold 4,500 shares of Flushing Financial stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $13.49, for a total value of $60,705.00. Following the transaction, the chief operating officer now directly owns 83,238 shares of the company's stock, valued at $1,122,880.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Astrid Burrowes sold 8,000 shares of Flushing Financial stock in a transaction on 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 transaction, the chief accounting officer now directly owns 34,853 shares in the company, valued at $564,270.07. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,500 shares of company stock valued at $344,925. 6.31% of the stock is currently owned by corporate insiders.

Flushing Financial Stock Down 1.1 %

Shares of FFIC traded down $0.20 during mid-day trading on Wednesday, hitting $17.77. 137,983 shares of the company's stock were exchanged, compared to its average volume of 181,631. The company has a market cap of $516.57 million, a price-to-earnings ratio of 21.06 and a beta of 0.75. Flushing Financial Co. has a fifty-two week low of $10.74 and a fifty-two week high of $18.40. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.94 and a current ratio of 0.94. The stock's 50-day moving average is $14.93 and its 200-day moving average is $13.84.

Flushing Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.88 annualized dividend and a dividend yield of 4.95%. Flushing Financial's dividend payout ratio is presently 101.15%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FFIC shares. Piper Sandler cut shares of Flushing Financial from an "overweight" rating to a "neutral" rating and boosted their price target for the company from $15.00 to $16.50 in a research report on Tuesday, July 30th. Keefe, Bruyette & Woods upped their target price on shares of Flushing Financial from $13.00 to $15.00 and gave the company a "market perform" rating in a research report on Thursday, August 1st. Raymond James upped their target price on shares of Flushing Financial from $16.00 to $17.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. Finally, StockNews.com raised shares of Flushing Financial from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $15.50.

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.