GAMMA Investing LLC Grows Position in Flushing Financial Corporation (NASDAQ:FFIC)

GAMMA Investing LLC lifted its holdings in shares of Flushing Financial Corporation (NASDAQ:FFIC - Free Report) by 3,722.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,041 shares of the bank's stock after purchasing an additional 23,412 shares during the period. GAMMA Investing LLC owned about 0.07% of Flushing Financial worth $305,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of FFIC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Flushing Financial by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,813 shares of the bank's stock valued at $226,000 after buying an additional 684 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Flushing Financial by 27.8% during the fourth quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank's stock valued at $92,000 after acquiring an additional 1,400 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Flushing Financial by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 234,974 shares of the bank's stock worth $3,355,000 after purchasing an additional 1,738 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in 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. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Flushing Financial by 3.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 70,780 shares of the bank's stock valued at $1,011,000 after purchasing an additional 2,361 shares in the last quarter. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Flushing Financial from a "sell" rating to a "hold" rating in a report on Thursday, May 8th.

Flushing Financial Trading Up 0.8%

Shares of NASDAQ:FFIC traded up $0.10 during midday trading on Tuesday, reaching $11.93. The company's stock had a trading volume of 297,653 shares, compared to its average volume of 248,669. The firm has a market cap of $402.96 million, a price-to-earnings ratio of -8.40 and a beta of 0.82. The business has a 50 day moving average price of $12.16 and a 200 day moving average price of $13.31. 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 posted its quarterly earnings data on Tuesday, April 29th. The bank reported $0.23 EPS for the quarter, beating analysts' consensus estimates 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 9.07% and a positive return on equity of 3.67%. Research analysts forecast that Flushing Financial Corporation will post 1.2 EPS for the current year.

Flushing Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 13th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date of this dividend was Friday, June 13th. Flushing Financial's dividend payout ratio is currently -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.