4 days Ago By Defense World Staff
Vanguard Group Inc. lifted its stake in Flushing Financial Co. ( NASDAQ:FFIC – Free Report ) by 14.
1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,734,753 shares of the bank’s stock after buying an additional 214,195 shares during the period. Vanguard Group Inc.
owned approximately 5.15% of Flushing Financial worth $24,772,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock.
FMR LLC lifted its stake in shares of Flushing Financial by 64.1% in the third quarter. FMR LLC now owns 7,259 shares of the bank’s stock valued at $106,000 after purchasing an additional 2,836 shares during the period.
Jane Street Group LLC increased its holdings in shares of Flushing Financial by 14.5% in the 3rd quarter. Jane Street Group LLC now owns 58,821 shares of the bank’s stock worth $858,000 after acquiring an additional 7,467 shares during the period.
Barclays PLC increased its position in Flushing Financial by 56.8% in the 3rd quarter. Barclays PLC now owns 51,833 shares of the bank’s stock valued at $756,000 after acquiring an additional 18,773 shares during the period.
Geode Capital Management LLC raised its stake in shares of Flushing Financial by 0.7% during the third quarter. Geode Capital Management LLC now owns 694,216 shares of the bank’s stock valued at $10,124,000 after purchasing an additional 5,128 shares in the last quarter.
Finally, JPMorgan Chase & Co. lifted its position in Flushing Financial by 156.6% in the third quarter.
JPMorgan Chase & Co. now owns 31,977 shares of the bank’s stock worth $466,000 after purchasing an additional 19,517 shares during the period. 67.
10% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Separately, StockNews.com cut Flushing Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 25th.
Insider Buying and Selling at Flushing Financial In other news, EVP Thomas Buonaiuto sold 6,800 shares of Flushing Financial stock in a transaction 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 transaction, the executive vice president now directly owns 32,336 shares of the company’s stock, valued at $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 available through this hyperlink .
Corporate insiders own 6.31% of the company’s stock. Flushing Financial Trading Up 2.
5 % Shares of Flushing Financial stock opened at $11.29 on Wednesday. The company has a market cap of $381.
34 million, a price-to-earnings ratio of -11.18 and a beta of 0.67.
Flushing Financial Co. has a 1 year low of $10.65 and a 1 year high of $18.
59. The company’s fifty day simple moving average is $13.22 and its 200-day simple moving average is $14.
70. The company has a current ratio of 0.94, a quick ratio of 0.
94 and a debt-to-equity ratio of 1.27. Flushing Financial ( NASDAQ:FFIC – Get Free Report ) last announced its quarterly earnings data on Tuesday, January 28th.
The bank reported $0.14 earnings per share (EPS) 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%. As a group, sell-side analysts expect that Flushing Financial Co. will post 1.
2 EPS for the current year. Flushing Financial Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.
22 dividend. This represents a $0.88 annualized dividend and a yield of 7.
79%. The ex-dividend date of this dividend was Friday, March 14th. Flushing Financial’s payout ratio is presently -87.
13%. 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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