Princeton Capital Management LLC Boosts Stake in Flushing Financial Co. (NASDAQ:FFIC)

Princeton Capital Management LLC raised its position in shares of Flushing Financial Co. (NASDAQ:FFIC) by 72.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,000 shares of the bank’s stock after buying an additional 8,000 shares during the quarter. Princeton Capital Management LLC owned about 0.06% of Flushing Financial worth $271,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Flushing Financial by 14.1% during the 4th quarter. Vanguard Group Inc. now owns 1,734,753 shares of the bank’s stock valued at $24,772,000 after acquiring an additional 214,195 shares during the last quarter. Geode Capital Management LLC lifted its position in 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 during the last quarter. American Century Companies Inc. lifted its position in Flushing Financial by 23.3% during the fourth quarter. American Century Companies Inc. now owns 617,687 shares of the bank’s stock valued at $8,821,000 after purchasing an additional 116,819 shares during the last quarter. Patriot Financial Partners GP LP purchased a new position in shares of Flushing Financial in the 4th quarter worth $6,783,000. Finally, Prudential Financial Inc. increased its holdings in shares of Flushing Financial by 15.5% in the 4th quarter. Prudential Financial Inc. now owns 431,946 shares of the bank’s stock worth $6,168,000 after buying an additional 57,900 shares during the last quarter. Institutional investors own 67.10% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Flushing Financial from a “hold” rating to a “sell” rating in a report on Tuesday.

Insider Transactions at Flushing Financial

In related news, EVP Thomas Buonaiuto sold 6,800 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $12.92, for a total transaction of $87,856.00. Following the completion of the transaction, the executive vice president now owns 32,336 shares in the company, valued at $417,781.12. The trade was a 17.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.31% of the company’s stock.

Flushing Financial Stock Performance

NASDAQ:FFIC opened at $13.40 on Tuesday. 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 stock’s fifty day moving average is $14.13 and its 200 day moving average is $14.99. The firm has a market capitalization of $452.61 million, a PE ratio of -13.27 and a beta of 0.79. Flushing Financial Co. has a fifty-two week low of $10.74 and a fifty-two week high of $18.59.

Flushing Financial (NASDAQ:FFIC) last announced its earnings results on Tuesday, January 28th. The bank reported $0.14 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that Flushing Financial Co. will post 1.2 earnings per share for the current year.

Flushing Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, March 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.57%. Flushing Financial’s dividend payout ratio is -87.13%.

About Flushing Financial

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.