Dimensional Fund Advisors LP Acquires 36,845 Shares of Flushing Financial Co. (NASDAQ:FFIC)

Dimensional Fund Advisors LP boosted its holdings in shares of Flushing Financial Co. (NASDAQ:FFIC - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,755,762 shares of the bank's stock after purchasing an additional 36,845 shares during the period. Dimensional Fund Advisors LP owned approximately 5.22% of Flushing Financial worth $25,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FFIC. Jump Financial LLC purchased a new stake in shares of Flushing Financial in the 4th quarter valued at approximately $264,000. Barclays PLC lifted its position in shares of Flushing Financial by 10.7% in the 4th quarter. Barclays PLC now owns 57,359 shares of the bank's stock valued at $819,000 after acquiring an additional 5,526 shares in the last quarter. Kennedy Capital Management LLC purchased a new stake in shares of Flushing Financial in the 4th quarter valued at approximately $597,000. ELCO Management Co. LLC purchased a new stake in shares of Flushing Financial in the 4th quarter valued at approximately $261,000. Finally, Renaissance Technologies LLC lifted its position in shares of Flushing Financial by 9.2% in the 4th quarter. Renaissance Technologies LLC now owns 381,760 shares of the bank's stock valued at $5,452,000 after acquiring an additional 32,160 shares in the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Flushing Financial from a "sell" rating to a "hold" rating in a research report on Thursday.

Flushing Financial Stock Up 4.0%

FFIC stock traded up $0.51 during midday trading on Monday, reaching $13.26. The company had a trading volume of 45,720 shares, compared to its average volume of 249,491. Flushing Financial Co. has a 1 year low of $10.65 and a 1 year 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 1.27. The company has a market capitalization of $447.88 million, a P/E ratio of -13.10 and a beta of 0.81. The company has a 50 day moving average of $12.37 and a two-hundred day moving average of $14.40.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last released its 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 negative net margin of 6.46% and a positive return on equity of 3.25%. The company had revenue of $58.10 million during the quarter, compared to the consensus estimate of $55.38 million. On average, equities research 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 was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.88 dividend on an annualized basis and a yield of 6.64%. Flushing Financial's payout ratio is -61.97%.

Insiders Place Their Bets

In other Flushing Financial news, EVP Thomas Buonaiuto sold 6,800 shares of the 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 sale, the executive vice president now owns 32,336 shares in the company, valued at $417,781.12. This represents a 17.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.31% of the company's stock.

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.