31,509 Shares in Flushing Financial Co. (NASDAQ:FFIC) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new stake in Flushing Financial Co. (NASDAQ:FFIC) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 31,509 shares of the bank’s stock, valued at approximately $450,000. Assenagon Asset Management S.A. owned approximately 0.09% of Flushing Financial at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in Flushing Financial by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 694,216 shares of the bank’s stock worth $10,124,000 after acquiring an additional 5,128 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Flushing Financial by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 233,236 shares of the bank’s stock valued at $3,401,000 after purchasing an additional 4,876 shares in the last quarter. Barclays PLC grew its position in Flushing Financial by 56.8% in the third quarter. Barclays PLC now owns 51,833 shares of the bank’s stock valued at $756,000 after purchasing an additional 18,773 shares in the last quarter. AQR Capital Management LLC lifted its position in Flushing Financial by 531.8% during the 2nd quarter. AQR Capital Management LLC now owns 326,376 shares of the bank’s stock worth $4,292,000 after buying an additional 274,720 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Flushing Financial by 64.1% during the 3rd quarter. FMR LLC now owns 7,259 shares of the bank’s stock worth $106,000 after buying an additional 2,836 shares during the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Flushing Financial

In other news, Director Sam Sang Ki Han sold 10,000 shares of the business’s 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 completion of the sale, the director now owns 67,251 shares in the company, valued at $1,040,372.97. The trade was a 12.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Astrid Burrowes sold 8,000 shares of Flushing Financial stock in a transaction 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 sale, the chief accounting officer now directly owns 34,853 shares of the company’s stock, valued at $564,270.07. This represents a 18.67 % decrease in their position. The disclosure for this sale can be found here. 6.31% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $15.50.

Flushing Financial Stock Down 1.0 %

Flushing Financial stock opened at $14.38 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 0.94. The company’s 50-day moving average is $15.68 and its 200-day moving average is $15.05. The firm has a market capitalization of $484.03 million, a PE ratio of 16.53 and a beta of 0.81. Flushing Financial Co. has a fifty-two week low of $10.74 and a fifty-two week high of $18.59.

Flushing Financial Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.12%. Flushing Financial’s payout ratio is 101.15%.

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.