19,441 Shares in Flushing Financial Co. (NASDAQ:FFIC) Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Flushing Financial Co. (NASDAQ:FFIC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,441 shares of the bank’s stock, valued at approximately $278,000. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of Flushing Financial as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FFIC. Geode Capital Management LLC lifted its stake in shares of Flushing Financial by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 694,216 shares of the bank’s stock worth $10,124,000 after purchasing an additional 5,128 shares during the period. Dana Investment Advisors Inc. raised its position in Flushing Financial by 5.1% in the fourth quarter. Dana Investment Advisors Inc. now owns 426,060 shares of the bank’s stock worth $6,084,000 after acquiring an additional 20,558 shares during the period. Verition Fund Management LLC purchased a new position in shares of Flushing Financial during the 3rd quarter worth $4,936,000. Bank of New York Mellon Corp grew its position in shares of Flushing Financial by 36.0% during the 4th quarter. Bank of New York Mellon Corp now owns 257,765 shares of the bank’s stock valued at $3,681,000 after acquiring an additional 68,260 shares during the period. Finally, Charles Schwab Investment Management Inc. increased 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 worth $3,355,000 after purchasing an additional 1,738 shares in the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Flushing Financial

In other news, EVP Thomas Buonaiuto sold 6,800 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $12.92, for a total transaction of $87,856.00. Following the completion of the transaction, the executive vice president now owns 32,336 shares in the company, valued at $417,781.12. This trade represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 6.31% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Flushing Financial from a “sell” rating to a “hold” rating in a research report on Monday, March 17th.

Flushing Financial Stock Performance

Shares of NASDAQ FFIC opened at $12.96 on Monday. The stock has a market cap of $437.75 million, a PE ratio of -12.83 and a beta of 0.79. Flushing Financial Co. has a 1 year low of $10.74 and a 1 year high of $18.59. The firm has a fifty day moving average price of $14.15 and a 200-day moving average price of $15.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 0.94.

Flushing Financial (NASDAQ:FFIC) last posted 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%. Equities analysts anticipate that Flushing Financial Co. will post 1.2 earnings per share for the current fiscal year.

Flushing Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 yield of 6.79%. Flushing Financial’s payout ratio is -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.