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

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Flushing Financial by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,755,762 shares of the bank's stock worth $25,072,000 after purchasing an additional 36,845 shares during the last quarter. Vanguard Group Inc. lifted its stake in Flushing Financial by 14.1% during the 4th quarter. Vanguard Group Inc. now owns 1,734,753 shares of the bank's stock valued at $24,772,000 after acquiring an additional 214,195 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Flushing Financial by 153.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 825,708 shares of the bank's stock valued at $11,791,000 after acquiring an additional 499,821 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Flushing Financial by 23.3% in the fourth quarter. American Century Companies Inc. now owns 617,687 shares of the bank's stock worth $8,821,000 after acquiring an additional 116,819 shares during the period. Finally, Patriot Financial Partners GP LP acquired a new position in Flushing Financial during the fourth quarter valued at $6,783,000. Hedge funds and other institutional investors own 67.10% of the company's stock.

Insider Activity

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 completion of the sale, the executive vice president now directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.31% of the company's stock.

Flushing Financial Stock Performance

Shares of FFIC traded up $0.35 during trading hours on Thursday, hitting $12.90. The stock had a trading volume of 74,797 shares, compared to its average volume of 316,671. Flushing Financial Co. has a fifty-two week low of $10.65 and a fifty-two week high of $18.59. 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 has a 50-day moving average price of $12.42 and a 200 day moving average price of $14.43. The firm has a market capitalization of $435.72 million, a price-to-earnings ratio of -12.77 and a beta of 0.81.

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

Flushing Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 6.82%. The ex-dividend date of this dividend was Friday, March 14th. Flushing Financial's payout ratio is -61.97%.

Analyst Ratings Changes

Separately, StockNews.com raised Flushing Financial from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th.

Flushing Financial Company 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.