Alyeska Investment Group L.P. Has $4.35 Million Holdings in Flushing Financial Corporation $FFIC

Key Points

• Alyeska Investment Group L.P. increased its stake in Flushing Financial Corporation by 54.6%, now owning 342,296 shares valued at approximately $4.35 million.
• Flushing Financial reported $0.32 EPS for the last quarter, surpassing the analyst consensus of $0.29, with a revenue of $58.92 million.
• The company announced a quarterly dividend of $0.22 per share, yielding 6.5%, payable on September 26th for investors of record as of September 5th.

Alyeska Investment Group L.P. increased its stake in shares of Flushing Financial Corporation (NASDAQ:FFIC - Free Report) by 54.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 342,296 shares of the bank's stock after buying an additional 120,926 shares during the period. Alyeska Investment Group L.P. owned 1.01% of Flushing Financial worth $4,347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Flushing Financial by 9.3% during the 1st quarter. Vanguard Group Inc. now owns 1,895,886 shares of the bank's stock worth $24,078,000 after buying an additional 161,133 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Flushing Financial by 26.3% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 839,438 shares of the bank's stock worth $10,661,000 after buying an additional 174,970 shares in the last quarter. Patriot Financial Partners GP LP lifted its position in Flushing Financial by 21.1% during the 1st quarter. Patriot Financial Partners GP LP now owns 575,000 shares of the bank's stock worth $7,302,000 after buying an additional 100,000 shares in the last quarter. Invesco Ltd. lifted its position in Flushing Financial by 57.7% during the 1st quarter. Invesco Ltd. now owns 541,904 shares of the bank's stock worth $6,882,000 after buying an additional 198,233 shares in the last quarter. Finally, Foundry Partners LLC lifted its position in Flushing Financial by 11.8% during the 1st quarter. Foundry Partners LLC now owns 352,110 shares of the bank's stock worth $4,472,000 after buying an additional 37,095 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company's stock.

Flushing Financial Price Performance

NASDAQ FFIC traded up $0.09 on Monday, hitting $13.63. 209,665 shares of the company were exchanged, compared to its average volume of 188,996. The firm has a 50 day moving average of $12.71 and a two-hundred day moving average of $12.51. The company has a market cap of $460.42 million, a P/E ratio of -11.45 and a beta of 0.83. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85. Flushing Financial Corporation has a 1-year low of $10.65 and a 1-year high of $18.59.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The bank reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. Flushing Financial had a negative net margin of 7.13% and a positive return on equity of 4.45%. The business had revenue of $58.92 million for the quarter, compared to the consensus estimate of $60.13 million. On average, equities analysts predict that Flushing Financial Corporation will post 1.2 EPS for the current year.

Flushing Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, September 5th. This represents a $0.88 dividend on an annualized basis and a yield of 6.5%. Flushing Financial's dividend payout ratio is presently -73.95%.

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.