Geode Capital Management LLC Grows Stock Holdings in Flushing Financial Co. (NASDAQ:FFIC)

Geode Capital Management LLC raised its holdings in Flushing Financial Co. (NASDAQ:FFIC) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 694,216 shares of the bank’s stock after acquiring an additional 5,128 shares during the period. Geode Capital Management LLC’s holdings in Flushing Financial were worth $10,124,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FFIC. Nisa Investment Advisors LLC increased its stake in Flushing Financial by 4,000.0% in the third quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock valued at $30,000 after purchasing an additional 2,000 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Flushing Financial in the 2nd quarter valued at about $61,000. FMR LLC increased its stake in shares of Flushing Financial by 64.1% during the 3rd quarter. FMR LLC now owns 7,259 shares of the bank’s stock valued at $106,000 after acquiring an additional 2,836 shares during the last quarter. Perritt Capital Management Inc purchased a new position in shares of Flushing Financial during the 2nd quarter worth about $132,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Flushing Financial in the third quarter worth approximately $171,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Insider Buying and Selling at Flushing Financial

In other news, CAO Astrid Burrowes sold 8,000 shares of the company’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 completion of the sale, the chief accounting officer now owns 34,853 shares of the company’s stock, valued at $564,270.07. This represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sam Sang Ki Han sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $15.47, for a total value of $154,700.00. Following the sale, the director now owns 67,251 shares in the company, valued at approximately $1,040,372.97. The trade was a 12.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Flushing Financial Stock Performance

Shares of NASDAQ:FFIC opened at $14.28 on Thursday. The business has a 50-day moving average of $16.36 and a two-hundred day moving average of $14.80. The firm has a market capitalization of $480.65 million, a PE ratio of 16.41 and a beta of 0.78. 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 Co. has a 12 month low of $10.74 and a 12 month high of $18.59.

Flushing Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.88 annualized dividend and a yield of 6.16%. Flushing Financial’s payout ratio is 101.15%.

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.