Flushing Financial Corporation $FFIC Shares Purchased by UBS Group AG

UBS Group AG increased its position in shares of Flushing Financial Corporation (NASDAQ:FFIC) by 56.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,812 shares of the bank’s stock after acquiring an additional 71,682 shares during the period. UBS Group AG owned about 0.59% of Flushing Financial worth $3,001,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. CWM LLC lifted its stake in Flushing Financial by 12.8% during the 4th quarter. CWM LLC now owns 40,900 shares of the bank’s stock worth $620,000 after acquiring an additional 4,647 shares in the last quarter. Daytona Street Capital LLC acquired a new position in Flushing Financial during the 4th quarter worth about $444,000. Leo Wealth LLC acquired a new position in Flushing Financial during the 4th quarter worth about $212,000. Wealth Enhancement Advisory Services LLC lifted its stake in Flushing Financial by 9.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,398 shares of the bank’s stock worth $405,000 after acquiring an additional 2,449 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Flushing Financial by 74.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 97,708 shares of the bank’s stock worth $1,349,000 after acquiring an additional 41,538 shares in the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Flushing Financial Stock Performance

NASDAQ:FFIC opened at $15.87 on Tuesday. The company has a fifty day simple moving average of $15.67 and a two-hundred day simple moving average of $15.88. The company has a market cap of $537.68 million, a price-to-earnings ratio of 15.87 and a beta of 0.76. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.60. Flushing Financial Corporation has a 52 week low of $11.13 and a 52 week high of $17.79.

Flushing Financial (NASDAQ:FFIC) last posted its quarterly earnings results on Tuesday, April 28th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). The business had revenue of $56.98 million during the quarter, compared to analyst estimates of $61.15 million. Flushing Financial had a return on equity of 6.25% and a net margin of 7.15%.

Flushing Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors 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 dividend on an annualized basis and a dividend yield of 5.5%. Flushing Financial’s payout ratio is presently 88.00%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FFIC shares. Keefe, Bruyette & Woods boosted their price target on shares of Flushing Financial from $14.50 to $16.80 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. Weiss Ratings upgraded shares of Flushing Financial from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.80.

Insider Activity at Flushing Financial

In related news, EVP Thomas Buonaiuto sold 10,778 shares of the business’s stock in a transaction on 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 transaction, the executive vice president owned 24,691 shares in the company, valued at approximately $394,068.36. The trade was a 30.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.66% of the company’s stock.

About Flushing Financial

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.