Semanteon Capital Management LP Makes New Investment in Flushing Financial Co. (NASDAQ:FFIC)

Semanteon Capital Management LP acquired a new position in shares of Flushing Financial Co. (NASDAQ:FFIC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,018 shares of the bank’s stock, valued at approximately $272,000. Semanteon Capital Management LP owned about 0.06% of Flushing Financial at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Flushing Financial by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 694,216 shares of the bank’s stock valued at $10,124,000 after acquiring an additional 5,128 shares during the last quarter. 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 valued at $3,401,000 after acquiring an additional 4,876 shares during the last quarter. Y Intercept Hong Kong Ltd increased its stake in shares of Flushing Financial by 15.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 16,758 shares of the bank’s stock valued at $239,000 after acquiring an additional 2,219 shares during the last quarter. Barclays PLC increased its stake in shares of 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 last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Flushing Financial in the 4th quarter valued at about $450,000. 67.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Flushing Financial news, EVP Thomas Buonaiuto sold 6,800 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $417,781.12. This represents a 17.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.31% of the stock is owned by company insiders.

Flushing Financial Price Performance

NASDAQ FFIC opened at $12.96 on Friday. The business has a 50 day simple moving average of $14.15 and a 200 day simple moving average of $14.99. Flushing Financial Co. has a 52-week low of $10.74 and a 52-week high of $18.59. 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 has a market cap of $437.75 million, a price-to-earnings ratio of -12.83 and a beta of 0.79.

Flushing Financial (NASDAQ:FFIC) last posted its earnings results 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 positive return on equity of 3.25% and a negative net margin of 6.46%. Analysts anticipate that Flushing Financial Co. will post 1.2 earnings per share for the current fiscal year.

Flushing Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 yield of 6.79%. Flushing Financial’s payout ratio is -87.13%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Flushing Financial from a “sell” rating to a “hold” rating in a research note on Monday, March 17th.

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.