Proficio Capital Partners LLC Makes New $249,000 Investment in Flushing Financial Co. (NASDAQ:FFIC)

Proficio Capital Partners LLC bought a new stake in shares of Flushing Financial Co. (NASDAQ:FFIC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,407 shares of the bank’s stock, valued at approximately $249,000. Proficio Capital Partners LLC owned approximately 0.05% of Flushing Financial at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Flushing Financial by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,236 shares of the bank’s stock valued at $3,401,000 after acquiring an additional 4,876 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. BNP Paribas Financial Markets grew its holdings in Flushing Financial by 18.7% during the third quarter. BNP Paribas Financial Markets now owns 19,661 shares of the bank’s stock valued at $287,000 after purchasing an additional 3,100 shares during the last quarter. Fourthstone LLC bought a new position in shares of Flushing Financial in the third quarter valued at approximately $510,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Flushing Financial in the third quarter worth $4,936,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

Flushing Financial Stock Performance

Shares of NASDAQ FFIC opened at $13.10 on Thursday. Flushing Financial Co. has a 12 month low of $10.74 and a 12 month high of $18.59. The company has a market cap of $442.48 million, a P/E ratio of -12.97 and a beta of 0.79. The business’s 50 day moving average is $14.06 and its two-hundred day moving average is $14.98. 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 announced its earnings results on Tuesday, January 28th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). Flushing Financial had a positive return on equity of 3.25% and a negative net margin of 6.46%. On average, equities analysts expect that Flushing Financial Co. will post 1.2 EPS for the current year.

Flushing Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date of this dividend is Friday, March 14th. Flushing Financial’s dividend payout ratio (DPR) is presently -87.13%.

Insider Activity at Flushing Financial

In other Flushing Financial news, EVP Thomas Buonaiuto sold 6,800 shares of Flushing Financial stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $12.92, for a total transaction of $87,856.00. Following the sale, the executive vice president now owns 32,336 shares in the company, valued at $417,781.12. The trade was a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.31% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Flushing Financial from a “hold” rating to a “sell” rating in a report on Tuesday.

About Flushing Financial

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.