Massachusetts Financial Services Co. MA Invests $1.10 Million in Flushing Financial Co. (NASDAQ:FFIC)

Massachusetts Financial Services Co. MA bought a new position in Flushing Financial Co. (NASDAQ:FFIC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 76,846 shares of the bank's stock, valued at approximately $1,097,000. Massachusetts Financial Services Co. MA owned about 0.23% of Flushing Financial at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in FFIC. Geode Capital Management LLC boosted its stake in shares of Flushing Financial by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 694,216 shares of the bank's stock worth $10,124,000 after buying an additional 5,128 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Flushing Financial by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 233,236 shares of the bank's stock worth $3,401,000 after purchasing an additional 4,876 shares during the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of Flushing Financial by 15.3% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 16,758 shares of the bank's stock valued at $239,000 after purchasing an additional 2,219 shares during the period. Barclays PLC increased its position in shares of Flushing Financial by 56.8% during the 3rd 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 last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Flushing Financial in the 4th quarter worth approximately $450,000. Institutional investors own 67.10% of the company's stock.

Flushing Financial Stock Performance

Shares of NASDAQ FFIC traded up $0.02 during trading on Monday, hitting $10.92. The company had a trading volume of 27,118 shares, compared to its average volume of 330,926. The stock has a 50 day simple moving average of $13.35 and a 200 day simple moving average of $14.75. The firm has a market capitalization of $368.68 million, a P/E ratio of -10.81 and a beta of 0.67. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.94 and a current ratio of 0.94. Flushing Financial Co. has a 12 month low of $10.65 and a 12 month high of $18.59.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last issued its quarterly earnings results 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 negative net margin of 6.46% and a positive return on equity of 3.25%. As a group, analysts anticipate that Flushing Financial Co. will post 1.2 earnings per share for the current year.

Flushing Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 8.06%. The ex-dividend date of this dividend was Friday, March 14th. Flushing Financial's dividend payout ratio is currently -87.13%.

Insiders Place Their Bets

In other news, EVP Thomas Buonaiuto sold 6,800 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $12.92, for a total value of $87,856.00. Following the completion of the transaction, the executive vice president now owns 32,336 shares of the company's stock, valued at $417,781.12. This represents a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Flushing Financial from a "hold" rating to a "sell" rating in a 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.