State Street Corp Sells 36,141 Shares of Flushing Financial Co. (NASDAQ:FFIC)

State Street Corp trimmed its holdings in Flushing Financial Co. (NASDAQ:FFIC) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 845,410 shares of the bank’s stock after selling 36,141 shares during the quarter. State Street Corp owned approximately 2.91% of Flushing Financial worth $12,326,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its stake in shares of Flushing Financial by 4,000.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock valued at $30,000 after purchasing an additional 2,000 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Flushing Financial during the second quarter worth approximately $61,000. FMR LLC raised its stake in shares of Flushing Financial by 64.1% during the third quarter. FMR LLC now owns 7,259 shares of the bank’s stock valued at $106,000 after acquiring an additional 2,836 shares in the last quarter. Perritt Capital Management Inc purchased a new stake in shares of Flushing Financial in the second quarter valued at approximately $132,000. Finally, Princeton Capital Management LLC bought a new stake in Flushing Financial during the 2nd quarter valued at $145,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Flushing Financial from a “sell” rating to a “hold” rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $15.50.

Flushing Financial Trading Up 2.8 %

Shares of NASDAQ FFIC opened at $14.50 on Thursday. Flushing Financial Co. has a 1-year low of $10.74 and a 1-year high of $18.59. The business has a fifty day moving average price of $16.45 and a 200 day moving average price of $14.72. The stock has a market capitalization of $488.06 million, a P/E ratio of 16.67 and a beta of 0.78. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 0.94.

Flushing Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date of this dividend was Friday, December 6th. Flushing Financial’s payout ratio is currently 101.15%.

Insider Buying and Selling

In other Flushing Financial news, Director Sam Sang Ki Han sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $15.47, for a total value of $154,700.00. Following the completion of the sale, the director now owns 67,251 shares of the company’s stock, valued at approximately $1,040,372.97. This trade represents a 12.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Astrid Burrowes sold 8,000 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $16.19, for a total transaction of $129,520.00. Following the transaction, the chief accounting officer now owns 34,853 shares in the company, valued at approximately $564,270.07. This trade represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 6.31% of the stock is currently owned by company insiders.

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.