Vanguard Group Inc. grew its stake in shares of Flushing Financial Co. (NASDAQ:FFIC - Free Report) by 14.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,734,753 shares of the bank's stock after purchasing an additional 214,195 shares during the quarter. Vanguard Group Inc. owned approximately 5.15% of Flushing Financial worth $24,772,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also modified their holdings of FFIC. FMR LLC lifted its holdings in shares of Flushing Financial by 64.1% in the 3rd quarter. FMR LLC now owns 7,259 shares of the bank's stock valued at $106,000 after purchasing an additional 2,836 shares during the last quarter. Jane Street Group LLC lifted its stake in Flushing Financial by 14.5% in the third quarter. Jane Street Group LLC now owns 58,821 shares of the bank's stock valued at $858,000 after buying an additional 7,467 shares during the last quarter. Barclays PLC boosted its holdings in shares of 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 acquiring an additional 18,773 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Flushing Financial by 0.7% in the third quarter. Geode Capital Management LLC now owns 694,216 shares of the bank's stock valued at $10,124,000 after acquiring an additional 5,128 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Flushing Financial by 156.6% during the third quarter. JPMorgan Chase & Co. now owns 31,977 shares of the bank's stock worth $466,000 after acquiring an additional 19,517 shares during the last quarter. Hedge funds and other institutional investors own 67.10% of the company's stock.
Flushing Financial Stock Performance
Flushing Financial stock traded up $0.14 during mid-day trading on Friday, reaching $11.51. 241,105 shares of the company were exchanged, compared to its average volume of 244,559. The firm has a market cap of $388.77 million, a PE ratio of -11.40 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. The firm's 50-day simple moving average is $13.01 and its two-hundred day simple moving average is $14.65. Flushing Financial Co. has a twelve month low of $10.65 and a twelve 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 positive return on equity of 3.25% and a negative net margin of 6.46%. Equities analysts predict that Flushing Financial Co. will post 1.2 earnings per share for the current fiscal year.
Flushing Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 7.65%. The ex-dividend date of this dividend was Friday, March 14th. Flushing Financial's payout ratio is -87.13%.
Insider Transactions at Flushing Financial
In other Flushing Financial news, EVP Thomas Buonaiuto sold 6,800 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 32,336 shares in the company, valued at approximately $417,781.12. The trade was a 17.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.31% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Flushing Financial from a "hold" rating to a "sell" rating in a research report on Tuesday, March 25th.
Read Our Latest Stock Analysis on Flushing Financial
Flushing Financial Profile
(
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.
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