Flushing Financial Co. (NASDAQ:FFIC) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its holdings in shares of Flushing Financial Co. (NASDAQ:FFIC) by 27.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,434 shares of the bank’s stock after acquiring an additional 1,400 shares during the period. New York State Common Retirement Fund’s holdings in Flushing Financial were worth $92,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new stake in Flushing Financial during the 4th quarter valued at $28,000. Nisa Investment Advisors LLC lifted its position in shares of Flushing Financial by 4,000.0% in the third quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock valued at $30,000 after acquiring an additional 2,000 shares in the last quarter. FMR LLC boosted its stake in shares of Flushing Financial by 64.1% during the third quarter. FMR LLC now owns 7,259 shares of the bank’s stock valued at $106,000 after acquiring an additional 2,836 shares during the last quarter. Sageworth Trust Co purchased a new stake in Flushing Financial during the 4th quarter worth about $143,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Flushing Financial during the 3rd quarter worth about $171,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Flushing Financial from a “hold” rating to a “sell” rating in a report on Friday, January 31st.

Flushing Financial Price Performance

Flushing Financial stock opened at $13.61 on Thursday. Flushing Financial Co. has a 1 year low of $10.74 and a 1 year 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 50 day moving average price of $14.46 and a 200 day moving average price of $15.08. The company has a market cap of $458.10 million, a price-to-earnings ratio of -13.48 and a beta of 0.79.

Flushing Financial (NASDAQ:FFIC) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $0.14 earnings per share 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%. Sell-side analysts predict that Flushing Financial Co. will post 1.2 earnings per share for the current year.

Flushing Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.88 annualized dividend and a dividend yield of 6.47%. Flushing Financial’s dividend payout ratio (DPR) is presently -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.