Balyasny Asset Management L.P. Has $1.30 Million Holdings in Flushing Financial Co. (NASDAQ:FFIC)

Balyasny Asset Management L.P. boosted its position in Flushing Financial Co. (NASDAQ:FFIC - Free Report) by 329.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 90,988 shares of the bank's stock after acquiring an additional 69,821 shares during the period. Balyasny Asset Management L.P. owned about 0.27% of Flushing Financial worth $1,299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of Flushing Financial by 12.2% during the 4th quarter. Bank of America Corp DE now owns 117,048 shares of the bank's stock valued at $1,671,000 after acquiring an additional 12,732 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Flushing Financial by 87.9% during the 4th quarter. BNP Paribas Financial Markets now owns 36,944 shares of the bank's stock worth $528,000 after buying an additional 17,283 shares during the period. Ameriprise Financial Inc. increased its stake in Flushing Financial by 34.9% during the 4th quarter. Ameriprise Financial Inc. now owns 137,470 shares of the bank's stock worth $1,963,000 after buying an additional 35,572 shares during the period. Alyeska Investment Group L.P. purchased a new stake in Flushing Financial during the 4th quarter worth $3,161,000. Finally, PDT Partners LLC purchased a new stake in Flushing Financial during the 4th quarter worth $169,000. 67.10% of the stock is owned by hedge funds and other institutional investors.

Flushing Financial Stock Down 1.6%

Shares of FFIC traded down $0.21 during midday trading on Friday, hitting $12.79. The company had a trading volume of 192,212 shares, compared to its average volume of 250,340. The company's 50 day moving average price is $12.34 and its 200 day moving average price is $14.32. The stock has a market cap of $432.01 million, a price-to-earnings ratio of -12.66 and a beta of 0.81. Flushing Financial Co. has a 52 week low of $10.65 and a 52 week high of $18.59. 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 released its earnings results on Tuesday, April 29th. The bank reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $58.10 million during the quarter, compared to the consensus estimate of $55.38 million. Flushing Financial had a negative net margin of 6.46% and a positive return on equity of 3.25%. On average, equities research analysts predict that Flushing Financial Co. will post 1.2 EPS for the current year.

Flushing Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date of this dividend was Friday, March 14th. Flushing Financial's dividend payout ratio is presently -61.97%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Flushing Financial from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th.

Insider Activity at Flushing Financial

In related news, EVP Thomas Buonaiuto sold 6,800 shares of the business's 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 sale, the executive vice president now owns 32,336 shares of the company's stock, valued at $417,781.12. This represents a 17.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.31% of the company's stock.

About Flushing Financial

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.