Wellington Management Group LLP Takes $4.17 Million Position in Flushing Financial Co. (NASDAQ:FFIC)

Wellington Management Group LLP purchased a new stake in Flushing Financial Co. (NASDAQ:FFIC - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 291,749 shares of the bank's stock, valued at approximately $4,166,000. Wellington Management Group LLP owned approximately 0.87% of Flushing Financial at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. R Squared Ltd acquired a new position in Flushing Financial during the 4th quarter worth approximately $28,000. US Bancorp DE lifted its position in shares of 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 purchasing an additional 3,100 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Flushing Financial by 27.8% in the fourth quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank's stock valued at $92,000 after purchasing an additional 1,400 shares during the period. FMR LLC increased its stake 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 period. Finally, Quantbot Technologies LP acquired a new position in Flushing Financial in the 4th quarter worth $141,000. Institutional investors and hedge funds own 67.10% of the company's stock.

Insiders Place Their Bets

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

Flushing Financial Stock Up 0.5 %

Shares of FFIC stock traded up $0.06 during mid-day trading on Thursday, reaching $11.43. 34,239 shares of the company were exchanged, compared to its average volume of 242,727. 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 business's 50 day simple moving average is $13.15 and its 200 day simple moving average is $14.68. The company has a market capitalization of $386.07 million, a P/E ratio of -11.32 and a beta of 0.67. Flushing Financial Co. has a fifty-two week low of $10.65 and a fifty-two week high of $18.59.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last announced its quarterly earnings data 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%. Research analysts predict that Flushing Financial Co. will post 1.2 earnings per share for the current year.

Flushing Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 7.70%. The ex-dividend date was Friday, March 14th. Flushing Financial's payout ratio is currently -87.13%.

Wall Street Analysts Forecast Growth

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

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.