Fmr LLC Acquires 2,836 Shares of Flushing Financial Co. (NASDAQ:FFIC)

Fmr LLC lifted its position in shares of Flushing Financial Co. (NASDAQ:FFIC) by 64.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,259 shares of the bank’s stock after acquiring an additional 2,836 shares during the period. Fmr LLC’s holdings in Flushing Financial were worth $106,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Nisa Investment Advisors LLC boosted its holdings in shares of Flushing Financial by 4,000.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock worth $30,000 after buying an additional 2,000 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Flushing Financial during the 2nd quarter worth approximately $61,000. Perritt Capital Management Inc bought a new position in shares of Flushing Financial in the second quarter valued at approximately $132,000. Princeton Capital Management LLC purchased a new stake in shares of Flushing Financial during the second quarter valued at approximately $145,000. Finally, SG Americas Securities LLC bought a new stake in Flushing Financial during the second quarter worth $149,000. 67.10% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Astrid Burrowes sold 8,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 34,853 shares of the company’s stock, valued at approximately $564,270.07. The trade was a 18.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sam Sang Ki Han sold 10,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $15.47, for a total transaction of $154,700.00. Following the transaction, the director now directly owns 67,251 shares of the company’s stock, valued at $1,040,372.97. This trade represents a 12.94 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.31% of the company’s stock.

Flushing Financial Price Performance

FFIC opened at $14.11 on Tuesday. 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 stock has a market capitalization of $474.93 million, a PE ratio of 16.22 and a beta of 0.78. The stock’s 50 day moving average price is $16.51 and its 200-day moving average price is $14.70. Flushing Financial Co. has a 52-week low of $10.74 and a 52-week high of $18.59.

Flushing Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date was Friday, December 6th. Flushing Financial’s dividend payout ratio (DPR) is presently 101.15%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Flushing Financial from a “sell” rating to a “hold” rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.