Sei Investments Co. Purchases 24,008 Shares of Flushing Financial Co. (NASDAQ:FFIC)

Sei Investments Co. raised its position in shares of Flushing Financial Co. (NASDAQ:FFIC) by 20.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,004 shares of the bank’s stock after acquiring an additional 24,008 shares during the quarter. Sei Investments Co. owned about 0.49% of Flushing Financial worth $1,867,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of FFIC. Allspring Global Investments Holdings LLC bought a new position in shares of Flushing Financial during the 1st quarter worth about $32,000. YHB Investment Advisors Inc. bought a new position in shares of Flushing Financial during the 1st quarter worth about $27,000. BNP Paribas Financial Markets boosted its position in shares of Flushing Financial by 58.7% during the 1st quarter. BNP Paribas Financial Markets now owns 36,853 shares of the bank’s stock worth $465,000 after purchasing an additional 13,636 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Flushing Financial by 183.4% during the 1st quarter. Empowered Funds LLC now owns 81,322 shares of the bank’s stock worth $1,025,000 after purchasing an additional 52,627 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Flushing Financial by 5.4% during the 1st quarter. Swiss National Bank now owns 54,223 shares of the bank’s stock worth $684,000 after purchasing an additional 2,800 shares in the last quarter. Institutional investors own 67.10% of the company’s stock.

Flushing Financial Price Performance

Shares of NASDAQ FFIC opened at $14.09 on Friday. Flushing Financial Co. has a fifty-two week low of $10.74 and a fifty-two week high of $18.00. The stock has a market cap of $409.58 million, a price-to-earnings ratio of 14.09 and a beta of 0.76. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s 50-day simple moving average is $13.93 and its 200 day simple moving average is $13.09.

Flushing Financial (NASDAQ:FFIC) last announced its quarterly earnings results on Monday, July 29th. The bank reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $117.45 million for the quarter, compared to analysts’ expectations of $46.96 million. Flushing Financial had a net margin of 5.84% and a return on equity of 3.96%. During the same quarter last year, the firm earned $0.26 EPS. As a group, research analysts anticipate that Flushing Financial Co. will post 0.71 earnings per share for the current fiscal year.

Flushing Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were paid a $0.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.88 annualized dividend and a yield of 6.25%. Flushing Financial’s dividend payout ratio (DPR) is 88.00%.

Insider Buying and Selling at Flushing Financial

In other Flushing Financial news, COO Maria A. Grasso sold 4,500 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $13.49, for a total value of $60,705.00. Following the completion of the sale, the chief operating officer now owns 83,238 shares in the company, valued at approximately $1,122,880.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 6.31% of the company’s stock.

Wall Street Analyst Weigh In

FFIC has been the topic of a number of research analyst reports. StockNews.com cut shares of Flushing Financial from a “hold” rating to a “sell” rating in a research report on Monday, July 8th. Raymond James increased their price objective on shares of Flushing Financial from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods increased their price objective on shares of Flushing Financial from $13.00 to $15.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Finally, Piper Sandler cut shares of Flushing Financial from an “overweight” rating to a “neutral” rating and raised their price target for the company from $15.00 to $16.50 in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.50.

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.