Flushing Financial Co. (NASDAQ:FFIC) Stake Boosted by Two Sigma Advisers LP

Two Sigma Advisers LP increased its holdings in shares of Flushing Financial Co. (NASDAQ:FFIC - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 196,600 shares of the bank's stock after purchasing an additional 31,100 shares during the period. Two Sigma Advisers LP owned 0.58% of Flushing Financial worth $2,807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in FFIC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 worth $226,000 after buying an additional 684 shares during the period. New York State Common Retirement Fund increased its position 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 worth $92,000 after acquiring an additional 1,400 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 worth $3,355,000 after acquiring an additional 1,738 shares in the last quarter. R Squared Ltd acquired a new stake in Flushing Financial during the 4th quarter valued at approximately $28,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in Flushing Financial by 15.3% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 16,758 shares of the bank's stock worth $239,000 after purchasing an additional 2,219 shares during the last quarter. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity

In other news, EVP Thomas Buonaiuto sold 6,800 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $12.92, for a total transaction of $87,856.00. Following the completion of the transaction, the executive vice president now owns 32,336 shares in the company, valued at approximately $417,781.12. This trade represents a 17.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 5.66% of the stock is owned by insiders.

Flushing Financial Stock Performance

NASDAQ:FFIC traded down $0.01 during midday trading on Friday, reaching $12.13. 130,383 shares of the company traded hands, compared to its average volume of 246,877. The firm has a market capitalization of $409.72 million, a price-to-earnings ratio of -12.01 and a beta of 0.81. The company has a fifty day moving average price of $12.17 and a 200 day moving average price of $13.96. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 0.94. Flushing Financial Co. has a twelve month low of $10.65 and a twelve month high of $18.59.

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, topping analysts' consensus estimates of $0.22 by $0.01. Flushing Financial had a positive return on equity of 3.25% and a negative net margin of 6.46%. The company had revenue of $58.10 million during the quarter, compared to analyst estimates of $55.38 million. On average, analysts expect that Flushing Financial Co. will post 1.2 EPS for the current fiscal year.

Flushing Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date is Friday, June 13th. Flushing Financial's 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.