Flushing Financial Corporation (NASDAQ:FFIC) Stock Holdings Increased by Foundry Partners LLC

Foundry Partners LLC grew its holdings in shares of Flushing Financial Corporation (NASDAQ:FFIC - Free Report) by 11.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 352,110 shares of the bank's stock after acquiring an additional 37,095 shares during the quarter. Foundry Partners LLC owned about 1.04% of Flushing Financial worth $4,472,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FFIC. Wealth Enhancement Advisory Services LLC lifted its holdings in Flushing Financial by 28.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,853 shares of the bank's stock worth $227,000 after purchasing an additional 3,934 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Flushing Financial in the 4th quarter worth approximately $147,000. American Century Companies Inc. boosted its holdings 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 valued at $8,821,000 after acquiring an additional 116,819 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Flushing Financial by 743.3% in the fourth quarter. Franklin Resources Inc. now owns 149,373 shares of the bank's stock valued at $2,133,000 after acquiring an additional 131,661 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Flushing Financial during the fourth quarter valued at approximately $278,000. Institutional investors own 67.10% of the company's stock.

Analyst Ratings Changes

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 Stock Performance

NASDAQ:FFIC opened at $12.49 on Friday. The company has a 50-day moving average of $12.21 and a 200-day moving average of $12.96. The firm has a market cap of $421.87 million, a price-to-earnings ratio of -8.80 and a beta of 0.81. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.60. Flushing Financial Corporation has a twelve month low of $10.65 and a twelve month high of $18.59.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last issued its 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 firm had revenue of $58.10 million during the quarter, compared to analysts' expectations of $55.38 million. Flushing Financial had a negative net margin of 9.07% and a positive return on equity of 3.67%. Analysts forecast that Flushing Financial Corporation will post 1.2 earnings per share for the current fiscal year.

Flushing Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 13th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.05%. The ex-dividend date of this dividend was Friday, June 13th. Flushing Financial's payout ratio is -61.97%.

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.

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