Flushing Financial Corporation (NASDAQ:FFIC) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC boosted its position in Flushing Financial Corporation (NASDAQ:FFIC - Free Report) by 11.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 352,110 shares of the bank's stock after acquiring an additional 37,095 shares during the quarter. Foundry Partners LLC owned 1.04% of Flushing Financial worth $4,472,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Quarry LP bought a new position in shares of Flushing Financial during the fourth quarter worth $73,000. Quantbot Technologies LP acquired a new stake in shares of Flushing Financial in the fourth quarter valued at about $141,000. Fortress Investment Group LLC acquired a new stake in Flushing Financial during the 4th quarter worth $143,000. Squarepoint Ops LLC purchased a new stake in Flushing Financial during the fourth quarter worth about $147,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in Flushing Financial in the fourth quarter valued at approximately $167,000. Institutional investors and hedge funds own 67.10% of the company's stock.

Flushing Financial Trading Down 1.1%

Shares of FFIC stock traded down $0.14 during trading hours on Wednesday, hitting $12.42. 44,740 shares of the company were exchanged, compared to its average volume of 257,913. The firm has a fifty day moving average of $12.19 and a 200 day moving average of $12.94. The firm has a market cap of $419.34 million, a PE ratio of -8.76 and a beta of 0.81. Flushing Financial Corporation has a 1 year low of $10.65 and a 1 year high of $18.59. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.60.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. Flushing Financial had a positive return on equity of 3.67% and a negative net margin of 9.07%. The business had revenue of $58.10 million during the quarter, compared to analyst estimates of $55.38 million. Analysts expect that Flushing Financial Corporation will post 1.2 earnings per share for the current year.

Flushing Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 13th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 7.09%. The ex-dividend date of this dividend was Friday, June 13th. Flushing Financial's dividend payout ratio (DPR) is presently -61.97%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Flushing Financial from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th.

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.