Flushing Financial Corporation $FFIC Stock Holdings Lifted by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its holdings in Flushing Financial Corporation (FFIC) by 9.3%, acquiring an additional 161,133 shares to reach a total of 1,895,886 shares, representing approximately 5.61% of the company.
• Flushing Financial recently announced a quarterly dividend of $0.22 per share, which will be payable on September 26th, reflecting an annual yield of 6.4%.
• Wall Street analyst ratings for Flushing Financial improved from a "sell" to a "hold" on May 8th, signaling a potential stabilizing sentiment among investors.

Vanguard Group Inc. raised its stake in shares of Flushing Financial Corporation (NASDAQ:FFIC - Free Report) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,895,886 shares of the bank's stock after purchasing an additional 161,133 shares during the period. Vanguard Group Inc. owned 5.61% of Flushing Financial worth $24,078,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new position in Flushing Financial during the fourth quarter worth approximately $73,000. Fortress Investment Group LLC acquired a new position in Flushing Financial during the fourth quarter worth approximately $143,000. Squarepoint Ops LLC acquired a new position in Flushing Financial during the fourth quarter worth approximately $147,000. Sherbrooke Park Advisers LLC acquired a new position in Flushing Financial during the fourth quarter worth approximately $167,000. Finally, PDT Partners LLC acquired a new stake in shares of Flushing Financial in the fourth quarter worth $169,000. Institutional investors and hedge funds own 67.10% of the company's stock.

Flushing Financial Stock Down 0.1%

NASDAQ FFIC traded down $0.01 during trading hours on Wednesday, reaching $13.71. 132,594 shares of the company traded hands, compared to its average volume of 196,465. Flushing Financial Corporation has a 12 month low of $10.65 and a 12 month high of $18.59. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $463.12 million, a PE ratio of -11.52 and a beta of 0.83. The company has a 50 day moving average of $12.61 and a two-hundred day moving average of $12.57.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The bank reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. Flushing Financial had a negative net margin of 7.13% and a positive return on equity of 4.45%. The firm had revenue of $58.92 million for the quarter, compared to the consensus estimate of $60.13 million. As a group, equities analysts expect that Flushing Financial Corporation will post 1.2 earnings per share for the current year.

Flushing Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Friday, September 5th. Flushing Financial's dividend payout ratio (DPR) is presently -73.95%.

Wall Street Analysts Forecast Growth

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.

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.