Quantbot Technologies LP Takes $141,000 Position in Flushing Financial Co. (NASDAQ:FFIC)

Quantbot Technologies LP acquired a new position in Flushing Financial Co. (NASDAQ:FFIC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,854 shares of the bank’s stock, valued at approximately $141,000.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of Flushing Financial by 0.7% during the third quarter. Geode Capital Management LLC now owns 694,216 shares of the bank’s stock valued at $10,124,000 after buying an additional 5,128 shares during the last quarter. Patriot Financial Partners GP LP acquired a new stake in Flushing Financial in the 4th quarter valued at approximately $6,783,000. Dana Investment Advisors Inc. raised its stake in Flushing Financial by 5.1% during the 4th quarter. Dana Investment Advisors Inc. now owns 426,060 shares of the bank’s stock valued at $6,084,000 after acquiring an additional 20,558 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Flushing Financial in the third quarter worth $4,936,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Flushing Financial by 36.0% in the fourth quarter. Bank of New York Mellon Corp now owns 257,765 shares of the bank’s stock worth $3,681,000 after purchasing an additional 68,260 shares in the last quarter. 67.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Flushing Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, March 25th.

Flushing Financial Stock Performance

FFIC opened at $12.74 on Monday. The business has a 50 day moving average price of $13.98 and a two-hundred day moving average price of $14.98. 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 has a market capitalization of $430.32 million, a price-to-earnings ratio of -12.61 and a beta of 0.79. Flushing Financial Co. has a 1-year low of $10.74 and a 1-year high of $18.59.

Flushing Financial (NASDAQ:FFIC) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.14 earnings per share for the quarter, missing the consensus estimate 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 predict that Flushing Financial Co. will post 1.2 EPS for the current fiscal year.

Flushing Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.88 annualized dividend and a dividend yield of 6.91%. Flushing Financial’s dividend payout ratio is currently -87.13%.

Insider Buying and Selling

In other Flushing Financial news, EVP Thomas Buonaiuto sold 6,800 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was 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 approximately $417,781.12. The trade was a 17.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.31% of the company’s stock.

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.