SG Americas Securities LLC Grows Position in Flushing Financial Co. (NASDAQ:FFIC)

SG Americas Securities LLC lifted its holdings in shares of Flushing Financial Co. (NASDAQ:FFIC) by 49.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,800 shares of the bank’s stock after purchasing an additional 8,827 shares during the quarter. SG Americas Securities LLC owned about 0.08% of Flushing Financial worth $383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FFIC. Nisa Investment Advisors LLC boosted its position in shares of Flushing Financial by 4,000.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock worth $30,000 after buying an additional 2,000 shares during the period. FMR LLC boosted its holdings in Flushing Financial by 64.1% in 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 in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Flushing Financial in the third quarter worth $171,000. CWM LLC boosted its holdings in Flushing Financial by 136.6% during the third quarter. CWM LLC now owns 13,093 shares of the bank’s stock valued at $191,000 after acquiring an additional 7,559 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Flushing Financial during the third quarter valued at about $196,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

Flushing Financial Stock Down 2.7 %

Shares of FFIC stock opened at $13.58 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.27. Flushing Financial Co. has a 1 year low of $10.74 and a 1 year high of $18.59. The firm’s fifty day moving average price is $15.25 and its two-hundred day moving average price is $15.04. The firm has a market capitalization of $457.09 million, a P/E ratio of -13.45 and a beta of 0.81.

Flushing Financial (NASDAQ:FFIC) last announced 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%. On average, equities analysts predict that Flushing Financial Co. will post 1.24 EPS for the current fiscal year.

Flushing Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 6.48%. The ex-dividend date was Friday, December 6th. Flushing Financial’s payout ratio is presently -87.13%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Flushing Financial from a “hold” rating to a “sell” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $15.50.

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.