Trexquant Investment LP Boosts Holdings in Flushing Financial Co. (NASDAQ:FFIC)

Trexquant Investment LP lifted its holdings in shares of Flushing Financial Co. (NASDAQ:FFIC - Free Report) by 45.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 141,493 shares of the bank's stock after acquiring an additional 44,060 shares during the period. Trexquant Investment LP owned approximately 0.42% of Flushing Financial worth $2,021,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Flushing Financial during the 4th quarter worth approximately $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 worth $53,000 after buying an additional 3,100 shares in the last quarter. New York State Common Retirement Fund raised its position in Flushing Financial by 27.8% in the 4th quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank's stock valued at $92,000 after buying an additional 1,400 shares during the last quarter. FMR LLC lifted its stake in Flushing Financial by 64.1% during the 3rd quarter. FMR LLC now owns 7,259 shares of the bank's stock valued at $106,000 after acquiring an additional 2,836 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Flushing Financial during the 4th quarter worth $141,000. Institutional investors and hedge funds own 67.10% of the company's stock.

Analyst Ratings Changes

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

Insider Activity at Flushing Financial

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

Flushing Financial Stock Performance

FFIC stock traded up $0.02 during midday trading on Monday, hitting $10.92. The company's stock had a trading volume of 26,541 shares, compared to its average volume of 241,252. Flushing Financial Co. has a 1 year low of $10.65 and a 1 year high of $18.59. The stock has a market cap of $368.68 million, a price-to-earnings ratio of -10.81 and a beta of 0.67. The stock's 50-day moving average price is $13.35 and its 200 day moving average price is $14.75. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.27.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last posted 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%. On average, equities analysts forecast that Flushing Financial Co. will post 1.2 EPS for the current year.

Flushing Financial Announces Dividend

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

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.