1 week Ago By ABMN Staff
Arrowstreet Capital Limited Partnership lifted its holdings in Flushing Financial Co. ( NASDAQ:FFIC – Free Report ) by 87.4% in the 4th quarter, according to its most recent filing with the SEC.
The firm owned 359,319 shares of the bank’s stock after purchasing an additional 167,580 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Flushing Financial were worth $5,131,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also recently modified their holdings of the company.
JPMorgan Chase & Co. raised its stake in Flushing Financial by 374.6% in the fourth quarter.
JPMorgan Chase & Co. now owns 151,776 shares of the bank’s stock worth $2,167,000 after buying an additional 119,799 shares in the last quarter. Princeton Capital Management LLC raised its position in shares of Flushing Financial by 72.
7% in the 4th quarter. Princeton Capital Management LLC now owns 19,000 shares of the bank’s stock worth $271,000 after acquiring an additional 8,000 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Flushing Financial during the 4th quarter worth $332,000.
Prudential Financial Inc. boosted its position in Flushing Financial by 15.5% during the fourth quarter.
Prudential Financial Inc. now owns 431,946 shares of the bank’s stock valued at $6,168,000 after purchasing an additional 57,900 shares in the last quarter. Finally, Vanguard Group Inc.
grew its stake in Flushing Financial by 14.1% in the fourth quarter. Vanguard Group Inc.
now owns 1,734,753 shares of the bank’s stock valued at $24,772,000 after purchasing an additional 214,195 shares during the last quarter. 67.10% of the stock is currently owned by institutional investors.
Insider Buying and Selling In other Flushing Financial news, EVP Thomas Buonaiuto sold 6,800 shares of Flushing Financial stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $12.92, for a total transaction of $87,856.
00. Following the completion of the sale, the executive vice president now directly owns 32,336 shares in the company, valued at approximately $417,781.12.
The trade was a 17.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website .
Corporate insiders own 6.31% of the company’s stock. Flushing Financial Stock Down 0.
9 % Flushing Financial ( NASDAQ:FFIC – Get Free Report ) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.14 EPS for the quarter, missing the consensus estimate of $0.
21 by ($0.07). Flushing Financial had a positive return on equity of 3.
25% and a negative net margin of 6.46%. Equities research analysts forecast that Flushing Financial Co.
will post 1.2 EPS for the current fiscal year. Flushing Financial Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th.
Stockholders of record on Friday, March 14th were paid a $0.22 dividend. This represents a $0.
88 annualized dividend and a dividend yield of 7.86%. The ex-dividend date of this dividend was Friday, March 14th.
Flushing Financial’s payout ratio is -87.13%. Analyst Ratings Changes Separately, StockNews.
com cut shares of Flushing Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 25th. Read Our Latest Stock Report on FFIC 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.
Read More Want to see what other hedge funds are holding FFIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flushing Financial Co. ( NASDAQ:FFIC – Free Report ).
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