JPMorgan Chase & Co. Acquires 119,799 Shares of Flushing Financial Co. (NASDAQ:FFIC)

JPMorgan Chase & Co. raised its holdings in shares of Flushing Financial Co. (NASDAQ:FFIC - Free Report) by 374.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,776 shares of the bank's stock after acquiring an additional 119,799 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.45% of Flushing Financial worth $2,167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jane Street Group LLC grew its stake in shares of Flushing Financial by 14.5% in the 3rd quarter. Jane Street Group LLC now owns 58,821 shares of the bank's stock valued at $858,000 after buying an additional 7,467 shares in the last quarter. Barclays PLC lifted its holdings in shares of Flushing Financial by 56.8% during the third quarter. Barclays PLC now owns 51,833 shares of the bank's stock worth $756,000 after buying an additional 18,773 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Flushing Financial by 0.7% during the third quarter. Geode Capital Management LLC now owns 694,216 shares of the bank's stock worth $10,124,000 after buying an additional 5,128 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Flushing Financial in the fourth quarter valued at $450,000. Finally, SG Americas Securities LLC raised its stake in shares of Flushing Financial by 49.1% in the fourth quarter. SG Americas Securities LLC now owns 26,800 shares of the bank's stock valued at $383,000 after purchasing an additional 8,827 shares in the last quarter. Hedge funds and other institutional investors own 67.10% of the company's stock.

Flushing Financial Price Performance

Shares of NASDAQ FFIC traded up $0.10 during trading on Tuesday, reaching $12.45. The company had a trading volume of 202,098 shares, compared to its average volume of 246,455. Flushing Financial Co. has a 52 week low of $10.65 and a 52 week high of $18.59. The stock has a market cap of $420.52 million, a PE ratio of -12.33 and a beta of 0.67. 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 business's 50 day moving average price is $12.63 and its 200-day moving average price is $14.55.

Flushing Financial (NASDAQ:FFIC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The bank reported $0.23 earnings per share 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%. Analysts expect that Flushing Financial Co. will post 1.2 earnings per share for the current year.

Flushing Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 7.07%. The ex-dividend date was Friday, March 14th. Flushing Financial's dividend payout ratio (DPR) is presently -87.13%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Flushing Financial from a "hold" rating to a "sell" rating in a research report on Tuesday, March 25th.

Insider Activity

In other news, EVP Thomas Buonaiuto sold 6,800 shares of the company'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. This represents a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.