Kennedy Capital Management LLC bought a new stake in Flushing Financial Co. (NASDAQ:FFIC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 41,817 shares of the bank's stock, valued at approximately $597,000. Kennedy Capital Management LLC owned 0.12% of Flushing Financial at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. FMR LLC raised its position in Flushing Financial by 64.1% during the 3rd 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. BNP Paribas Financial Markets increased its stake in shares of Flushing Financial by 18.7% during the third quarter. BNP Paribas Financial Markets now owns 19,661 shares of the bank's stock worth $287,000 after acquiring an additional 3,100 shares during the period. Jane Street Group LLC raised its holdings in Flushing Financial by 14.5% during the third quarter. Jane Street Group LLC now owns 58,821 shares of the bank's stock worth $858,000 after purchasing an additional 7,467 shares in the last quarter. Barclays PLC lifted its position in Flushing Financial by 56.8% in the third quarter. Barclays PLC now owns 51,833 shares of the bank's stock valued at $756,000 after purchasing an additional 18,773 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Flushing Financial by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 694,216 shares of the bank's stock valued at $10,124,000 after purchasing an additional 5,128 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company's stock.
Insider Transactions at Flushing Financial
In other Flushing Financial news, EVP Thomas Buonaiuto sold 6,800 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $12.92, for a total transaction of $87,856.00. Following the sale, the executive vice president now owns 32,336 shares in the company, valued at approximately $417,781.12. This represents a 17.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.31% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com downgraded Flushing Financial from a "hold" rating to a "sell" rating in a research note on Tuesday, March 25th.
Check Out Our Latest Analysis on FFIC
Flushing Financial Price Performance
Shares of FFIC traded up $0.14 during trading hours on Friday, reaching $11.51. The company had a trading volume of 241,105 shares, compared to its average volume of 244,559. The company has a market capitalization of $388.77 million, a price-to-earnings ratio of -11.40 and a beta of 0.67. Flushing Financial Co. has a 12-month low of $10.65 and a 12-month high of $18.59. The firm has a 50 day simple moving average of $13.01 and a 200-day simple moving average of $14.65. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.27.
Flushing Financial (NASDAQ:FFIC - Get Free Report) last released its quarterly 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%. Research analysts expect that Flushing Financial Co. will post 1.2 earnings per share for the current year.
Flushing Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.88 annualized dividend and a dividend yield of 7.65%. Flushing Financial's dividend payout ratio is presently -87.13%.
About Flushing Financial
(
Free Report)
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.
See Also
Before you consider Flushing Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Flushing Financial wasn't on the list.
While Flushing Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
