Flushing Financial Co. (NASDAQ:FFIC) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in Flushing Financial Co. (NASDAQ:FFIC) by 58.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,973 shares of the bank’s stock after acquiring an additional 6,651 shares during the period. SG Americas Securities LLC owned approximately 0.06% of Flushing Financial worth $262,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FFIC. Vanguard Group Inc. grew its holdings in Flushing Financial by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,609,430 shares of the bank’s stock valued at $20,295,000 after buying an additional 5,933 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in Flushing Financial by 0.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,209,250 shares of the bank’s stock valued at $15,249,000 after buying an additional 11,285 shares during the last quarter. Dana Investment Advisors Inc. grew its holdings in Flushing Financial by 11.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 453,198 shares of the bank’s stock valued at $5,960,000 after buying an additional 46,800 shares during the last quarter. American Century Companies Inc. grew its holdings in Flushing Financial by 16.1% during the 2nd quarter. American Century Companies Inc. now owns 452,209 shares of the bank’s stock valued at $5,947,000 after buying an additional 62,659 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Flushing Financial by 38.1% during the 2nd quarter. Acadian Asset Management LLC now owns 370,758 shares of the bank’s stock valued at $4,874,000 after buying an additional 102,219 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Flushing Financial Price Performance

FFIC stock opened at $15.30 on Monday. Flushing Financial Co. has a 52-week low of $10.74 and a 52-week high of $18.00. The stock’s fifty day simple moving average is $14.15 and its 200-day simple moving average is $13.28. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $444.76 million, a price-to-earnings ratio of 15.30 and a beta of 0.76.

Flushing Financial (NASDAQ:FFIC) last issued its earnings results on Monday, July 29th. The bank reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $117.45 million for the quarter, compared to analyst estimates of $46.96 million. Flushing Financial had a return on equity of 3.96% and a net margin of 5.84%. During the same period last year, the company posted $0.26 EPS. Equities research analysts expect that Flushing Financial Co. will post 0.69 EPS for the current year.

Flushing Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 5.75%. The ex-dividend date of this dividend was Friday, September 6th. Flushing Financial’s dividend payout ratio (DPR) is currently 88.00%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

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

About Flushing Financial

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.