Sei Investments Co. Has $1.96 Million Holdings in Flushing Financial Co. (NASDAQ:FFIC)

Sei Investments Co. trimmed its stake in shares of Flushing Financial Co. (NASDAQ:FFIC) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,404 shares of the bank’s stock after selling 4,600 shares during the quarter. Sei Investments Co. owned approximately 0.41% of Flushing Financial worth $1,962,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. New York State Common Retirement Fund raised its stake in shares of Flushing Financial by 27.8% during the fourth quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank’s stock valued at $92,000 after acquiring an additional 1,400 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Flushing Financial by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 234,974 shares of the bank’s stock valued at $3,355,000 after buying an additional 1,738 shares during the period. R Squared Ltd bought a new stake in shares of Flushing Financial during the fourth quarter valued at approximately $28,000. Y Intercept Hong Kong Ltd increased its stake in Flushing Financial by 15.3% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 16,758 shares of the bank’s stock valued at $239,000 after purchasing an additional 2,219 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Flushing Financial by 2.8% in the 4th quarter. Empowered Funds LLC now owns 94,908 shares of the bank’s stock worth $1,355,000 after acquiring an additional 2,596 shares during the last quarter. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Flushing Financial Trading Down 3.1 %

NASDAQ:FFIC opened at $11.30 on Friday. Flushing Financial Co. has a 52 week low of $10.74 and a 52 week high of $18.59. The firm has a 50-day moving average price of $13.74 and a two-hundred day moving average price of $14.91. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $381.68 million, a price-to-earnings ratio of -11.19 and a beta of 0.67.

Flushing Financial (NASDAQ:FFIC) last issued its quarterly earnings results 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%. On average, equities analysts expect that Flushing Financial Co. will post 1.2 earnings per share for the current fiscal year.

Flushing Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.88 annualized dividend and a yield of 7.79%. Flushing Financial’s payout ratio is currently -87.13%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Flushing Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 25th.

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 shares were sold at an average price of $12.92, for a total value of $87,856.00. Following the transaction, the executive vice president now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.31% of the stock is currently owned by corporate insiders.

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.