Readystate Asset Management LP Takes $409,000 Position in Flushing Financial Corporation (NASDAQ:FFIC)

Readystate Asset Management LP acquired a new stake in Flushing Financial Corporation (NASDAQ:FFIC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 32,230 shares of the bank's stock, valued at approximately $409,000. Readystate Asset Management LP owned 0.10% of Flushing Financial at the end of the most recent quarter.

Several other large investors have also modified their holdings of FFIC. Charles Schwab Investment Management Inc. boosted its holdings in shares of Flushing Financial by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 234,974 shares of the bank's stock valued at $3,355,000 after acquiring an additional 1,738 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Flushing Financial in the fourth quarter valued at approximately $249,000. Quantbot Technologies LP acquired a new stake in shares of Flushing Financial in the fourth quarter valued at approximately $141,000. 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 during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Flushing Financial by 14.1% during the fourth quarter. Vanguard Group Inc. now owns 1,734,753 shares of the bank's stock worth $24,772,000 after purchasing an additional 214,195 shares during the period. 67.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Flushing Financial Stock Down 3.0%

Flushing Financial stock traded down $0.37 during midday trading on Thursday, hitting $12.13. 448,498 shares of the company were exchanged, compared to its average volume of 279,497. The company's fifty day moving average price is $12.18 and its 200-day moving average price is $12.93. The company has a market cap of $409.75 million, a PE ratio of -8.54 and a beta of 0.81. 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 fifty-two week low of $10.65 and a fifty-two week 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 for the quarter, beating analysts' consensus estimates of $0.30 by $0.02. Flushing Financial had a positive return on equity of 3.67% and a negative net margin of 9.07%. On average, research analysts predict that Flushing Financial Corporation will post 1.2 EPS for the current fiscal year.

Flushing Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 13th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.88 annualized dividend and a dividend yield of 7.25%. Flushing Financial's dividend payout ratio (DPR) is -61.97%.

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.