Flushing Financial Co. (NASDAQ:FFIC) Holdings Raised by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lifted its position in shares of Flushing Financial Co. (NASDAQ:FFIC) by 11.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 453,198 shares of the bank’s stock after acquiring an additional 46,800 shares during the period. Dana Investment Advisors Inc.’s holdings in Flushing Financial were worth $5,960,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FFIC. Cubist Systematic Strategies LLC raised its holdings in shares of Flushing Financial by 1.3% during the second quarter. Cubist Systematic Strategies LLC now owns 68,151 shares of the bank’s stock worth $896,000 after purchasing an additional 907 shares during the period. YHB Investment Advisors Inc. bought a new position in Flushing Financial in the first quarter worth about $27,000. Allspring Global Investments Holdings LLC acquired a new position in Flushing Financial during the 1st quarter valued at approximately $32,000. CWM LLC grew its stake in Flushing Financial by 87.0% during the 2nd quarter. CWM LLC now owns 5,534 shares of the bank’s stock worth $73,000 after buying an additional 2,575 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in Flushing Financial in the first quarter worth $35,000. 67.10% of the stock is currently owned by institutional investors.

Insider Transactions at Flushing Financial

In related news, COO Maria A. Grasso sold 4,500 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $13.49, for a total value of $60,705.00. Following the completion of the transaction, the chief operating officer now owns 83,238 shares in the company, valued at approximately $1,122,880.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.31% of the stock is owned by insiders.

Flushing Financial Price Performance

NASDAQ:FFIC opened at $13.88 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.98. The business’s 50-day moving average price is $14.08 and its 200 day moving average price is $13.07. Flushing Financial Co. has a 52-week low of $10.74 and a 52-week high of $18.00. The firm has a market cap of $403.48 million, a P/E ratio of 13.88 and a beta of 0.76.

Flushing Financial (NASDAQ:FFIC) last released its earnings results on Monday, July 29th. The bank reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $117.45 million during the quarter, compared to analyst estimates of $46.96 million. Flushing Financial had a net margin of 5.84% and a return on equity of 3.96%. During the same period in the prior year, the business earned $0.26 earnings per share. As a group, sell-side analysts predict that Flushing Financial Co. will post 0.71 earnings per share for the current fiscal year.

Flushing Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date of this dividend was Friday, September 6th. Flushing Financial’s payout ratio is 88.00%.

Wall Street Analyst Weigh In

FFIC has been the topic of several recent research reports. StockNews.com downgraded shares of Flushing Financial from a “hold” rating to a “sell” rating in a research report on Monday, July 8th. Keefe, Bruyette & Woods lifted their price target on Flushing Financial from $13.00 to $15.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Raymond James increased their price target on Flushing Financial from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Piper Sandler cut shares of Flushing Financial from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $15.00 to $16.50 in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Flushing Financial presently has an average rating of “Hold” and a consensus target price 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.