Flushing Financial Co. (NASDAQ:FFIC) Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC trimmed its holdings in shares of Flushing Financial Co. (NASDAQ:FFIC - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 714,054 shares of the bank's stock after selling 71,300 shares during the quarter. Aristotle Capital Boston LLC owned approximately 2.12% of Flushing Financial worth $10,197,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of Flushing Financial by 56.8% in the 3rd 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. JPMorgan Chase & Co. grew its stake in Flushing Financial by 156.6% in the third quarter. JPMorgan Chase & Co. now owns 31,977 shares of the bank's stock valued at $466,000 after purchasing an additional 19,517 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Flushing Financial in the fourth quarter worth about $450,000. SG Americas Securities LLC lifted its position in shares of Flushing Financial by 49.1% during the fourth quarter. SG Americas Securities LLC now owns 26,800 shares of the bank's stock valued at $383,000 after buying an additional 8,827 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Flushing Financial in the 4th quarter valued at about $219,000. Institutional investors own 67.10% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Flushing Financial from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th.

Flushing Financial Stock Down 0.4 %

Flushing Financial stock traded down $0.05 during midday trading on Tuesday, reaching $12.66. The company's stock had a trading volume of 296,034 shares, compared to its average volume of 249,004. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $427.62 million, a P/E ratio of -12.53 and a beta of 0.81. The stock's 50-day simple moving average is $12.48 and its 200-day simple moving average is $14.46. Flushing Financial Co. has a 52-week low of $10.65 and a 52-week high of $18.59.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last released its earnings results on Tuesday, April 29th. The bank reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. Flushing Financial had a negative net margin of 6.46% and a positive return on equity of 3.25%. The company had revenue of $58.10 million during the quarter, compared to analysts' expectations of $55.38 million. On average, sell-side analysts expect that Flushing Financial Co. will post 1.2 EPS for the current year.

Flushing Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 6.95%. The ex-dividend date was Friday, March 14th. Flushing Financial's payout ratio is -61.97%.

Insider Buying and Selling

In related news, EVP Thomas Buonaiuto sold 6,800 shares of Flushing Financial stock in a transaction dated Wednesday, March 12th. The stock was 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 of the company's stock, 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 SEC, which is available through this hyperlink. 6.31% of the stock is currently owned by company insiders.

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.