Barclays PLC Boosts Stake in Flushing Financial Co. (NASDAQ:FFIC)

Barclays PLC grew its stake in shares of Flushing Financial Co. (NASDAQ:FFIC) by 56.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,833 shares of the bank’s stock after buying an additional 18,773 shares during the quarter. Barclays PLC owned 0.15% of Flushing Financial worth $756,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. American Century Companies Inc. grew its holdings in shares of 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 purchasing an additional 62,659 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Flushing Financial by 4.7% during the 2nd quarter. Renaissance Technologies LLC now owns 334,900 shares of the bank’s stock valued at $4,404,000 after purchasing an additional 15,000 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Flushing Financial by 20.3% during the 2nd quarter. Sei Investments Co. now owns 142,004 shares of the bank’s stock valued at $1,867,000 after purchasing an additional 24,008 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Flushing Financial by 1.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 68,151 shares of the bank’s stock valued at $896,000 after purchasing an additional 907 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Flushing Financial during the 2nd quarter valued at $61,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Insiders Place Their Bets

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

Flushing Financial Price Performance

Shares of Flushing Financial stock opened at $15.04 on Thursday. The firm has a market cap of $506.23 million, a PE ratio of 17.29 and a beta of 0.81. Flushing Financial Co. has a 12-month low of $10.74 and a 12-month high of $18.59. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.27. The company’s fifty day simple moving average is $16.15 and its two-hundred day simple moving average is $14.96.

Flushing Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date of this dividend was Friday, December 6th. Flushing Financial’s dividend payout ratio (DPR) is presently 101.15%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.50.

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.