Two Sigma Investments LP boosted its stake in shares of Flushing Financial Co. (NASDAQ:FFIC - Free Report) by 76.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 298,948 shares of the bank's stock after acquiring an additional 129,830 shares during the period. Two Sigma Investments LP owned 0.89% of Flushing Financial worth $4,269,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd increased its stake in shares of Flushing Financial by 15.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 16,758 shares of the bank's stock valued at $239,000 after purchasing an additional 2,219 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Flushing Financial by 27.8% in the 4th 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 last quarter. JPMorgan Chase & Co. increased its stake in shares of Flushing Financial by 156.6% in the 3rd 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. Proficio Capital Partners LLC bought a new position in shares of Flushing Financial in the 4th quarter valued at $249,000. Finally, American Century Companies Inc. increased its stake in shares of Flushing Financial by 23.3% in the 4th quarter. American Century Companies Inc. now owns 617,687 shares of the bank's stock valued at $8,821,000 after purchasing an additional 116,819 shares during the last quarter. Institutional investors own 67.10% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Flushing Financial from a "sell" rating to a "hold" rating in a report on Thursday, May 8th.
View Our Latest Stock Analysis on FFIC
Insiders Place Their Bets
In other Flushing Financial 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 transaction, the executive vice president now directly owns 32,336 shares of the company's stock, valued at approximately $417,781.12. The trade was a 17.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.66% of the company's stock.
Flushing Financial Price Performance
Shares of NASDAQ FFIC traded down $0.12 during mid-day trading on Monday, hitting $11.91. 177,075 shares of the stock traded hands, compared to its average volume of 246,594. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 0.94. Flushing Financial Co. has a twelve month low of $10.65 and a twelve month high of $18.59. The company has a market cap of $402.28 million, a PE ratio of -11.79 and a beta of 0.81. The firm has a 50 day simple moving average of $12.14 and a two-hundred day simple moving average of $13.92.
Flushing Financial (NASDAQ:FFIC - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. Flushing Financial had a positive return on equity of 3.25% and a negative net margin of 6.46%. The company had revenue of $58.10 million for the quarter, compared to the consensus estimate of $55.38 million. As a group, equities research analysts forecast that Flushing Financial Co. will post 1.2 EPS for the current fiscal year.
Flushing Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 7.39%. The ex-dividend date of this dividend is Friday, June 13th. Flushing Financial's payout ratio is presently -61.97%.
Flushing Financial Company 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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