Trexquant Investment LP Grows Stock Holdings in Flushing Financial Co. (NASDAQ:FFIC)

Trexquant Investment LP grew its stake in Flushing Financial Co. (NASDAQ:FFIC) by 45.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 141,493 shares of the bank’s stock after purchasing an additional 44,060 shares during the period. Trexquant Investment LP’s holdings in Flushing Financial were worth $2,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in FFIC. Charles Schwab Investment Management Inc. increased its stake in shares of Flushing Financial by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,236 shares of the bank’s stock worth $3,401,000 after acquiring an additional 4,876 shares during the last quarter. FMR LLC increased its position in Flushing Financial by 64.1% during the third quarter. FMR LLC now owns 7,259 shares of the bank’s stock worth $106,000 after purchasing an additional 2,836 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Flushing Financial by 18.7% during the third quarter. BNP Paribas Financial Markets now owns 19,661 shares of the bank’s stock worth $287,000 after purchasing an additional 3,100 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in Flushing Financial in the 3rd quarter valued at about $171,000. Finally, Jane Street Group LLC boosted its holdings in Flushing Financial by 14.5% in the 3rd quarter. Jane Street Group LLC now owns 58,821 shares of the bank’s stock valued at $858,000 after purchasing an additional 7,467 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Flushing Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, March 25th.

Insider Activity at Flushing Financial

In other news, EVP Thomas Buonaiuto sold 6,800 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $12.92, for a total transaction of $87,856.00. Following the sale, the executive vice president now owns 32,336 shares of the company’s stock, valued at approximately $417,781.12. This represents a 17.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.31% of the stock is currently owned by company insiders.

Flushing Financial Trading Down 0.9 %

Shares of FFIC stock opened at $11.10 on Wednesday. The company has a 50-day moving average of $13.54 and a two-hundred day moving average of $14.83. The firm has a market cap of $374.92 million, a PE ratio of -10.99 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 has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 0.94.

Flushing Financial (NASDAQ:FFIC) last posted 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, analysts predict that Flushing Financial Co. will post 1.2 EPS for the current year.

Flushing Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 7.93%. The ex-dividend date of this dividend was Friday, March 14th. Flushing Financial’s 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.