Readystate Asset Management LP Purchases Shares of 32,230 Flushing Financial Corporation (NASDAQ:FFIC)

Readystate Asset Management LP acquired a new position in Flushing Financial Corporation (NASDAQ:FFIC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,230 shares of the bank's stock, valued at approximately $409,000. Readystate Asset Management LP owned approximately 0.10% of Flushing Financial as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Y Intercept Hong Kong Ltd lifted its position in shares of Flushing Financial by 37.9% in the first quarter. Y Intercept Hong Kong Ltd now owns 23,106 shares of the bank's stock worth $293,000 after purchasing an additional 6,348 shares in the last quarter. Foundry Partners LLC grew its stake in Flushing Financial by 11.8% during the first 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. CWM LLC grew its stake in Flushing Financial by 79.2% during the first quarter. CWM LLC now owns 24,000 shares of the bank's stock worth $305,000 after buying an additional 10,610 shares in the last quarter. Cerity Partners LLC acquired a new stake in Flushing Financial during the first quarter worth about $191,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Flushing Financial by 28.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,853 shares of the bank's stock worth $227,000 after buying an additional 3,934 shares in the last quarter. Institutional investors own 67.10% of the company's stock.

Flushing Financial Trading Up 1.7%

NASDAQ FFIC traded up $0.21 during trading hours on Friday, reaching $12.34. The company's stock had a trading volume of 428,405 shares, compared to its average volume of 280,236. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.92 and a quick ratio of 0.91. Flushing Financial Corporation has a 52 week low of $10.65 and a 52 week high of $18.59. The firm has a fifty day simple moving average of $12.15 and a 200-day simple moving average of $12.89. The stock has a market cap of $416.85 million, a P/E ratio of -10.37 and a beta of 0.81.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last released 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 4.46%. The firm had revenue of $58.92 million during the quarter, compared to analyst estimates of $60.13 million. Equities analysts forecast that Flushing Financial Corporation will post 1.2 earnings per share for the current fiscal year.

Flushing Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 13th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, June 13th. This represents a $0.88 annualized dividend and a yield of 7.13%. Flushing Financial's payout ratio is -73.95%.

Analyst Ratings Changes

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

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.