Barclays PLC Buys 18,773 Shares of Flushing Financial Co. (NASDAQ:FFIC)

Barclays PLC raised its stake in Flushing Financial Co. (NASDAQ:FFIC) by 56.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,833 shares of the bank’s stock after acquiring an additional 18,773 shares during the period. Barclays PLC owned approximately 0.18% of Flushing Financial worth $756,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Flushing Financial by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 233,236 shares of the bank’s stock worth $3,401,000 after purchasing an additional 4,876 shares during the period. Acadian Asset Management LLC grew its stake in Flushing Financial by 38.1% during the second quarter. Acadian Asset Management LLC now owns 370,758 shares of the bank’s stock worth $4,874,000 after buying an additional 102,219 shares in the last quarter. AQR Capital Management LLC increased its holdings in Flushing Financial by 531.8% in the 2nd quarter. AQR Capital Management LLC now owns 326,376 shares of the bank’s stock valued at $4,292,000 after buying an additional 274,720 shares during the period. Dana Investment Advisors Inc. increased its stake in Flushing Financial by 11.5% in the second quarter. Dana Investment Advisors Inc. now owns 453,198 shares of the bank’s stock valued at $5,960,000 after acquiring an additional 46,800 shares during the last quarter. Finally, FMR LLC increased its stake in Flushing Financial by 64.1% in 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 during the last quarter. 67.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

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

Flushing Financial Stock Up 1.6 %

FFIC stock opened at $14.28 on Wednesday. The stock has a market capitalization of $480.65 million, a P/E ratio of 16.41 and a beta of 0.78. 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 firm has a 50-day moving average price of $16.39 and a 200-day moving average price of $14.78. Flushing Financial Co. has a 12 month low of $10.74 and a 12 month high of $18.59.

Flushing Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.88 dividend on an annualized basis and a yield of 6.16%. Flushing Financial’s dividend payout ratio is currently 101.15%.

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.