15,341 Shares in Flushing Financial Co. (NASDAQ:FFIC) Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC bought a new position in shares of Flushing Financial Co. (NASDAQ:FFIC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,341 shares of the bank’s stock, valued at approximately $219,000.

A number of other large investors have also recently added to or reduced their stakes in FFIC. Verition Fund Management LLC bought a new stake in Flushing Financial during the third quarter worth approximately $4,936,000. GSA Capital Partners LLP boosted its holdings in Flushing Financial by 59.3% during the third quarter. GSA Capital Partners LLP now owns 107,142 shares of the bank’s stock worth $1,562,000 after buying an additional 39,872 shares in the last quarter. Fourthstone LLC bought a new stake in Flushing Financial during the third quarter worth approximately $510,000. Assenagon Asset Management S.A. acquired a new position in Flushing Financial in the 4th quarter worth approximately $450,000. Finally, JPMorgan Chase & Co. boosted its stake in Flushing Financial by 156.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 31,977 shares of the bank’s stock worth $466,000 after purchasing an additional 19,517 shares during the period. 67.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Flushing Financial from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. One research 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.50.

Flushing Financial Trading Down 3.1 %

Flushing Financial stock opened at $14.67 on Thursday. The company has a 50 day moving average price of $14.81 and a 200 day moving average price of $14.98. Flushing Financial Co. has a 52 week low of $10.74 and a 52 week high of $18.59. 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 capitalization of $493.79 million, a price-to-earnings ratio of -14.52 and a beta of 0.81.

Flushing Financial (NASDAQ:FFIC) last released 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%. Research analysts forecast 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 was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.00%. The ex-dividend date was Friday, December 6th. Flushing Financial’s payout ratio is currently -87.13%.

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.