2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. boosted its stake in shares of Flushing Financial Co. (NASDAQ:FFIC – Free Report) by 374.
6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,776 shares of the bank’s stock after purchasing an additional 119,799 shares during the period. JPMorgan Chase & Co.
owned about 0.45% of Flushing Financial worth $2,167,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also recently modified their holdings of the company.
New York State Common Retirement Fund grew its position in Flushing Financial by 27.8% in the fourth quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank’s stock worth $92,000 after acquiring an additional 1,400 shares in the last quarter.
Charles Schwab Investment Management Inc. boosted its holdings in shares of Flushing Financial by 0.7% in the 4th quarter.
Charles Schwab Investment Management Inc. now owns 234,974 shares of the bank’s stock worth $3,355,000 after purchasing an additional 1,738 shares during the period. R Squared Ltd bought a new position in shares of Flushing Financial during the 4th quarter valued at approximately $28,000.
Y Intercept Hong Kong Ltd raised its holdings in Flushing Financial by 15.3% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 16,758 shares of the bank’s stock valued at $239,000 after buying an additional 2,219 shares during the period.
Finally, Empowered Funds LLC boosted its stake in Flushing Financial by 2.8% during the fourth quarter. Empowered Funds LLC now owns 94,908 shares of the bank’s stock worth $1,355,000 after buying an additional 2,596 shares during the period.
67.10% of the stock is currently owned by hedge funds and other institutional investors. Flushing Financial Stock PerformanceShares of NASDAQ FFIC opened at $12.
19 on Thursday. The company has a market capitalization of $411.74 million, a PE ratio of -12.
07 and a beta of 0.67. 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 company’s fifty day moving average price is $12.83 and its 200 day moving average price is $14.60.
Flushing Financial Co. has a 1 year low of $10.65 and a 1 year high of $18.
59. Flushing Financial (NASDAQ:FFIC – Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.
14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07).
Flushing Financial had a negative net margin of 6.46% and a positive return on equity of 3.25%.
On average, research analysts predict that Flushing Financial Co. will post 1.2 earnings per share for the current year.
Flushing Financial Announces DividendThe company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.22 dividend.
This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.22%.
The ex-dividend date of this dividend was Friday, March 14th. Flushing Financial’s dividend payout ratio is currently -87.13%.
Wall Street Analyst Weigh InSeparately, StockNews.com cut shares of Flushing Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 25th.Check Out Our Latest Analysis on FFICInsider Buying and SellingIn other news, EVP Thomas Buonaiuto sold 6,800 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th.
The shares were sold at an average price of $12.92, for a total value of $87,856.00.
Following the transaction, the executive vice president now directly owns 32,336 shares in the company, valued at approximately $417,781.12. This represents a 17.
38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.
31% of the stock is owned by company insiders. Flushing Financial Profile (Free Report)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.
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