Wellington Management Group LLP Acquires New Holdings in Flushing Financial Co. (NASDAQ:FFIC)

Wellington Management Group LLP purchased a new stake in Flushing Financial Co. (NASDAQ:FFIC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 291,749 shares of the bank's stock, valued at approximately $4,166,000. Wellington Management Group LLP owned approximately 0.86% of Flushing Financial at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FFIC. R Squared Ltd bought a new position in shares of Flushing Financial during the fourth quarter valued at $28,000. US Bancorp DE increased its position in shares of Flushing Financial by 496.0% during the 4th quarter. US Bancorp DE now owns 3,725 shares of the bank's stock worth $53,000 after purchasing an additional 3,100 shares in the last quarter. Quarry LP acquired a new stake in shares of Flushing Financial during the 4th quarter worth about $73,000. New York State Common Retirement Fund lifted its holdings in Flushing Financial by 27.8% during the 4th quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank's stock valued at $92,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Flushing Financial in the fourth quarter valued at about $141,000. 67.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at Flushing Financial

In related news, EVP Thomas Buonaiuto sold 6,800 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $12.92, for a total value of $87,856.00. Following the completion of the transaction, the executive vice president now owns 32,336 shares in the company, valued at $417,781.12. The trade was a 17.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.66% of the stock is owned by company insiders.

Flushing Financial Price Performance

Flushing Financial stock traded up $0.33 on Friday, reaching $12.10. The company's stock had a trading volume of 160,741 shares, compared to its average volume of 248,265. The business's fifty day moving average price is $12.08 and its 200 day moving average price is $13.77. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $408.70 million, a price-to-earnings ratio of -11.98 and a beta of 0.82. 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 released its quarterly earnings results on Tuesday, April 29th. The bank reported $0.23 earnings per share (EPS) for the quarter, beating 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 business had revenue of $58.10 million during the quarter, compared to analysts' expectations of $55.38 million. Equities analysts expect that Flushing Financial Co. will post 1.2 earnings per share for the current fiscal year.

Flushing Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 13th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.27%. Flushing Financial's payout ratio 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.