Flushing Financial Co. (NASDAQ:FFIC) Shares Sold by State Street Corp

State Street Corp lessened its stake in Flushing Financial Co. (NASDAQ:FFIC) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 845,410 shares of the bank’s stock after selling 36,141 shares during the period. State Street Corp’s holdings in Flushing Financial were worth $12,326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cubist Systematic Strategies LLC grew its position in shares of Flushing Financial by 1.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 68,151 shares of the bank’s stock valued at $896,000 after acquiring an additional 907 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Flushing Financial by 4,000.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock valued at $30,000 after acquiring an additional 2,000 shares during the last quarter. FMR LLC lifted its stake in shares of Flushing Financial by 64.1% in the third quarter. FMR LLC now owns 7,259 shares of the bank’s stock worth $106,000 after buying an additional 2,836 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Flushing Financial by 18.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 19,661 shares of the bank’s stock worth $287,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Flushing Financial by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 208,057 shares of the bank’s stock valued at $2,736,000 after purchasing an additional 3,984 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Flushing Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $15.50.

Flushing Financial Stock Up 2.8 %

Shares of FFIC opened at $14.50 on Thursday. 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 $488.06 million, a PE ratio of 16.67 and a beta of 0.78. The company’s 50-day simple moving average is $16.45 and its 200-day simple moving average is $14.72. Flushing Financial Co. has a 1 year low of $10.74 and a 1 year high of $18.59.

Flushing Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 6.07%. The ex-dividend date of this dividend was Friday, December 6th. Flushing Financial’s payout ratio is currently 101.15%.

Insider Buying and Selling

In other news, CAO Astrid Burrowes sold 8,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $16.19, for a total transaction of $129,520.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sam Sang Ki Han sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $15.47, for a total transaction of $154,700.00. Following the completion of the sale, the director now directly owns 67,251 shares in the company, valued at approximately $1,040,372.97. This trade represents a 12.94 % decrease in their position. The disclosure for this sale can be found here. 6.31% of the stock is currently owned by insiders.

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.