Jane Street Group LLC Has $858,000 Position in Flushing Financial Co. (NASDAQ:FFIC)

Jane Street Group LLC boosted its position in Flushing Financial Co. (NASDAQ:FFIC) by 14.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,821 shares of the bank’s stock after buying an additional 7,467 shares during the quarter. Jane Street Group LLC’s holdings in Flushing Financial were worth $858,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp increased 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 acquiring an additional 3,984 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Flushing Financial by 38.1% during the 2nd quarter. Acadian Asset Management LLC now owns 370,758 shares of the bank’s stock worth $4,874,000 after purchasing an additional 102,219 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 valued at $5,947,000 after buying an additional 62,659 shares in the last quarter. Perritt Capital Management Inc bought a new position in shares of Flushing Financial in the second quarter valued at $132,000. Finally, Renaissance Technologies LLC increased its holdings in Flushing Financial by 4.7% during the second quarter. Renaissance Technologies LLC now owns 334,900 shares of the bank’s stock worth $4,404,000 after buying an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Wall Street Analyst Weigh In

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

Flushing Financial Price Performance

Flushing Financial stock opened at $14.28 on Thursday. The company has a market capitalization of $480.65 million, a PE ratio of 16.41 and a beta of 0.78. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.27. The stock has a 50-day moving average price of $16.36 and a two-hundred day moving average price of $14.80. Flushing Financial Co. has a 12 month low of $10.74 and a 12 month high of $18.59.

Flushing Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend 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%.

Insider Transactions at Flushing Financial

In other Flushing Financial news, CAO Astrid Burrowes sold 8,000 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were 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. This trade represents a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $154,700.00. Following the completion of the transaction, the director now owns 67,251 shares in the company, valued at $1,040,372.97. This 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 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.