Empowered Funds LLC Boosts Stock Holdings in Flushing Financial Co. (NASDAQ:FFIC)

Empowered Funds LLC raised its position in shares of Flushing Financial Co. (NASDAQ:FFIC) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,908 shares of the bank’s stock after purchasing an additional 2,596 shares during the period. Empowered Funds LLC owned 0.28% of Flushing Financial worth $1,355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. R Squared Ltd bought a new position in shares of Flushing Financial during the 4th quarter worth $28,000. Nisa Investment Advisors LLC lifted its holdings in 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 last quarter. FMR LLC boosted its position in Flushing Financial by 64.1% during the third quarter. FMR LLC now owns 7,259 shares of the bank’s stock worth $106,000 after purchasing an additional 2,836 shares during the period. Sageworth Trust Co purchased a new position in shares of Flushing Financial in the fourth quarter worth about $143,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Flushing Financial in the third quarter worth about $171,000. 67.10% of the stock is owned by hedge funds and other institutional investors.

Flushing Financial Stock Up 0.7 %

Shares of NASDAQ FFIC opened at $15.00 on Monday. The business has a 50-day simple moving average of $14.71 and a two-hundred day simple moving average of $14.97. Flushing Financial Co. has a 52 week low of $10.74 and a 52 week high of $18.59. The company has a market cap of $504.89 million, a P/E ratio of -14.85 and a beta of 0.81. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.27.

Flushing Financial (NASDAQ:FFIC) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). Flushing Financial had a negative net margin of 6.46% and a positive return on equity of 3.25%. Research analysts anticipate that Flushing Financial Co. will post 1.2 earnings per share for the current fiscal year.

Flushing Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.22 per share. The ex-dividend date was Friday, December 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.87%. Flushing Financial’s dividend payout ratio (DPR) is currently -87.13%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Flushing Financial from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.