UBS Group AG increased its position in shares of Flushing Financial Corporation (NASDAQ:FFIC – Free Report) by 56.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 197,812 shares of the bank’s stock after acquiring an additional 71,682 shares during the quarter. UBS Group AG’s holdings in Flushing Financial were worth $3,001,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of FFIC. Tower Research Capital LLC TRC grew its stake in shares of Flushing Financial by 75.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,847 shares of the bank’s stock worth $46,000 after purchasing an additional 1,650 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new position in shares of Flushing Financial during the third quarter worth $147,000. ProShare Advisors LLC acquired a new position in shares of Flushing Financial during the third quarter worth $152,000. Tudor Investment Corp ET AL acquired a new position in shares of Flushing Financial during the third quarter worth $177,000. Finally, Savant Capital LLC acquired a new position in shares of Flushing Financial during the third quarter worth $182,000. Institutional investors and hedge funds own 67.10% of the company’s stock.
Insider Buying and Selling at Flushing Financial
In other news, EVP Thomas Buonaiuto sold 10,778 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $15.96, for a total transaction of $172,016.88. Following the completion of the sale, the executive vice president owned 24,691 shares in the company, valued at approximately $394,068.36. This represents a 30.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.66% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Analysis on Flushing Financial
Flushing Financial Stock Performance
NASDAQ FFIC opened at $15.87 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.89 and a quick ratio of 0.89. Flushing Financial Corporation has a 1 year low of $11.13 and a 1 year high of $17.79. The company has a market capitalization of $537.68 million, a PE ratio of 15.87 and a beta of 0.76. The company has a fifty day moving average of $15.67 and a two-hundred day moving average of $15.88.
Flushing Financial (NASDAQ:FFIC – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03). Flushing Financial had a net margin of 7.15% and a return on equity of 6.25%. The company had revenue of $56.98 million during the quarter, compared to analyst estimates of $61.15 million.
Flushing Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, April 10th. This represents a $0.88 annualized dividend and a dividend yield of 5.5%. Flushing Financial’s dividend payout ratio is 88.00%.
Flushing Financial Company Profile
Flushing Financial Corporation is the bank holding company for Flushing Bank, a community-oriented financial institution headquartered in Flushing, Queens, New York. Tracing its origins to the founding of Flushing Bank in 1929, the holding company was established in 2006 to support the bank’s growth and diversification. Flushing Financial operates under the Nasdaq ticker FFIC, delivering a full suite of banking services to personal, commercial and institutional customers.
The company’s primary business activities include deposit-taking, consumer and commercial lending, mortgage banking and treasury management.
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