Nisa Investment Advisors LLC Purchases 2,000 Shares of Flushing Financial Co. (NASDAQ:FFIC)

Nisa Investment Advisors LLC boosted its position in Flushing Financial Co. (NASDAQ:FFIC) by 4,000.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,050 shares of the bank’s stock after purchasing an additional 2,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Flushing Financial were worth $30,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Flushing Financial by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,609,430 shares of the bank’s stock worth $20,295,000 after acquiring an additional 5,933 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Flushing Financial by 0.9% in the first quarter. Gamco Investors INC. ET AL now owns 1,209,250 shares of the bank’s stock worth $15,249,000 after acquiring an additional 11,285 shares during the last quarter. Dana Investment Advisors Inc. grew its stake in shares of Flushing Financial by 11.5% in the second quarter. Dana Investment Advisors Inc. now owns 453,198 shares of the bank’s stock worth $5,960,000 after acquiring an additional 46,800 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Flushing Financial by 16.1% in the second quarter. American Century Companies Inc. now owns 452,209 shares of the bank’s stock worth $5,947,000 after acquiring an additional 62,659 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Flushing Financial by 38.1% in the second quarter. Acadian Asset Management LLC now owns 370,758 shares of the bank’s stock worth $4,874,000 after acquiring an additional 102,219 shares during the last quarter. Institutional investors own 67.10% of the company’s stock.

Flushing Financial Trading Up 2.4 %

Flushing Financial stock opened at $17.49 on Friday. The stock has a market capitalization of $508.43 million, a PE ratio of 20.10 and a beta of 0.75. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.01 and a quick ratio of 1.01. The business’s fifty day moving average is $14.79 and its 200 day moving average is $13.72. Flushing Financial Co. has a one year low of $10.74 and a one year high of $18.19.

Flushing Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a $0.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.88 annualized dividend and a yield of 5.03%. Flushing Financial’s payout ratio is 101.15%.

Insiders Place Their Bets

In other Flushing Financial news, COO Maria A. Grasso sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $13.49, for a total value of $60,705.00. Following the transaction, the chief operating officer now directly owns 83,238 shares of the company’s stock, valued at approximately $1,122,880.62. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Astrid Burrowes sold 8,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $16.19, for a total value of $129,520.00. Following the transaction, the chief accounting officer now owns 34,853 shares of the company’s stock, valued at $564,270.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Maria A. Grasso sold 4,500 shares of the firm’s stock in a transaction dated 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 directly owns 83,238 shares in the company, valued at $1,122,880.62. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,500 shares of company stock valued at $344,925. Insiders own 6.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on FFIC. Piper Sandler cut Flushing Financial from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $15.00 to $16.50 in a research note on Tuesday, July 30th. Raymond James increased their price objective on Flushing Financial from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. StockNews.com raised Flushing Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods increased their price objective on Flushing Financial from $13.00 to $15.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.