Proficio Capital Partners LLC Purchases Shares of 17,407 Flushing Financial Co. (NASDAQ:FFIC)

Proficio Capital Partners LLC purchased a new stake in shares of Flushing Financial Co. (NASDAQ:FFIC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 17,407 shares of the bank’s stock, valued at approximately $249,000. Proficio Capital Partners LLC owned about 0.05% of Flushing Financial at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FFIC. Wealth Enhancement Advisory Services LLC acquired a new stake in Flushing Financial during the 3rd quarter valued at $196,000. GSA Capital Partners LLP lifted its holdings in Flushing Financial by 59.3% during the 3rd quarter. GSA Capital Partners LLP now owns 107,142 shares of the bank’s stock valued at $1,562,000 after purchasing an additional 39,872 shares during the last quarter. Empowered Funds LLC lifted its holdings in Flushing Financial by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 92,312 shares of the bank’s stock valued at $1,346,000 after purchasing an additional 4,690 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Flushing Financial by 123.5% during the third quarter. Quest Partners LLC now owns 27,383 shares of the bank’s stock worth $399,000 after buying an additional 15,129 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Flushing Financial by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 233,236 shares of the bank’s stock worth $3,401,000 after buying an additional 4,876 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Flushing Financial Stock Down 1.3 %

FFIC opened at $12.86 on Wednesday. Flushing Financial Co. has a fifty-two week low of $10.74 and a fifty-two 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 company has a market capitalization of $432.85 million, a P/E ratio of -12.73 and a beta of 0.79. The stock has a fifty day moving average of $14.36 and a 200-day moving average of $15.07.

Flushing Financial (NASDAQ:FFIC) last posted its 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%. On average, equities analysts expect that Flushing Financial Co. will post 1.2 EPS for the current year.

Flushing Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date is Friday, March 14th. 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 Friday, January 31st.

About Flushing Financial

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.