Flushing Financial Corporation $FFIC Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its stake in shares of Flushing Financial Corporation (NASDAQ:FFIC) by 22.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,728 shares of the bank’s stock after selling 8,867 shares during the period. SG Americas Securities LLC’s holdings in Flushing Financial were worth $365,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FFIC. CSM Advisors LLC bought a new position in Flushing Financial during the 2nd quarter worth approximately $4,080,000. Millennium Management LLC lifted its stake in Flushing Financial by 104.3% during the first quarter. Millennium Management LLC now owns 523,080 shares of the bank’s stock worth $6,643,000 after purchasing an additional 267,013 shares during the last quarter. Invesco Ltd. lifted its stake in Flushing Financial by 57.7% during the first quarter. Invesco Ltd. now owns 541,904 shares of the bank’s stock worth $6,882,000 after purchasing an additional 198,233 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Flushing Financial by 26.3% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 839,438 shares of the bank’s stock worth $10,661,000 after purchasing an additional 174,970 shares during the period. Finally, Vanguard Group Inc. increased its stake in Flushing Financial by 9.3% during the first quarter. Vanguard Group Inc. now owns 1,895,886 shares of the bank’s stock valued at $24,078,000 after purchasing an additional 161,133 shares during the last quarter. 67.10% of the stock is owned by institutional investors.

Flushing Financial Stock Up 0.9%

Flushing Financial stock opened at $16.43 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94. Flushing Financial Corporation has a one year low of $10.65 and a one year high of $18.04. The company has a 50-day simple moving average of $14.24 and a 200-day simple moving average of $13.17. The firm has a market capitalization of $554.97 million, a P/E ratio of -13.81 and a beta of 0.87.

Flushing Financial (NASDAQ:FFIC) last issued its quarterly earnings data on Tuesday, February 15th. The bank reported $0.58 earnings per share for the quarter. Flushing Financial had a negative net margin of 6.93% and a positive return on equity of 4.98%. The firm had revenue of $54.81 million for the quarter. As a group, equities analysts expect that Flushing Financial Corporation will post 1.2 earnings per share for the current year.

Flushing Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, December 5th. This represents a $0.88 annualized dividend and a dividend yield of 5.4%. Flushing Financial’s payout ratio is currently -73.95%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FFIC. Zacks Research upgraded shares of Flushing Financial from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of Flushing Financial in a report on Monday. Finally, Wall Street Zen downgraded Flushing Financial from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

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.