Occudo Quantitative Strategies LP Increases Holdings in Flushing Financial Co. (NASDAQ:FFIC)

Occudo Quantitative Strategies LP increased its holdings in shares of Flushing Financial Co. (NASDAQ:FFIC) by 53.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,960 shares of the bank’s stock after purchasing an additional 5,557 shares during the period. Occudo Quantitative Strategies LP’s holdings in Flushing Financial were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FFIC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Flushing Financial by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,813 shares of the bank’s stock valued at $226,000 after buying an additional 684 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Flushing Financial by 27.8% during the fourth quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank’s stock valued at $92,000 after acquiring an additional 1,400 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Flushing Financial by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 234,974 shares of the bank’s stock valued at $3,355,000 after acquiring an additional 1,738 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Flushing Financial during the fourth quarter valued at about $28,000. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Flushing Financial by 15.3% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 16,758 shares of the bank’s stock valued at $239,000 after acquiring an additional 2,219 shares in the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

Flushing Financial Stock Down 1.6%

Shares of Flushing Financial stock opened at $12.79 on Friday. The business has a 50-day moving average of $12.34 and a 200-day moving average of $14.31. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $432.01 million, a PE ratio of -12.66 and a beta of 0.81. Flushing Financial Co. has a 1-year low of $10.65 and a 1-year high of $18.59.

Flushing Financial (NASDAQ:FFIC) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. Flushing Financial had a negative net margin of 6.46% and a positive return on equity of 3.25%. The business had revenue of $58.10 million for the quarter, compared to analysts’ expectations of $55.38 million. As a group, equities analysts forecast that Flushing Financial Co. will post 1.2 EPS for the current fiscal year.

Flushing Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.22 per share. The ex-dividend date was Friday, March 14th. This represents a $0.88 annualized dividend and a dividend yield of 6.88%. Flushing Financial’s payout ratio is -61.97%.

Insider Transactions at Flushing Financial

In other news, EVP Thomas Buonaiuto sold 6,800 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $12.92, for a total transaction of $87,856.00. Following the transaction, the executive vice president now owns 32,336 shares of the company’s stock, valued at approximately $417,781.12. This trade represents a 17.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.31% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Flushing Financial from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th.

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.