Strs Ohio Has $626,000 Holdings in Flushing Financial Co. (NASDAQ:FFIC)

Strs Ohio reduced its holdings in Flushing Financial Co. (NASDAQ:FFIC) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,000 shares of the bank’s stock after selling 4,000 shares during the quarter. Strs Ohio owned approximately 0.13% of Flushing Financial worth $626,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Flushing Financial by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,565,212 shares of the bank’s stock worth $20,551,000 after acquiring an additional 6,158 shares in the last quarter. EMC Capital Management boosted its holdings in shares of Flushing Financial by 116.7% in the 3rd quarter. EMC Capital Management now owns 11,493 shares of the bank’s stock worth $151,000 after acquiring an additional 6,189 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Flushing Financial in the 4th quarter worth approximately $482,000. GSA Capital Partners LLP raised its position in Flushing Financial by 130.4% in the 3rd quarter. GSA Capital Partners LLP now owns 57,956 shares of the bank’s stock worth $761,000 after purchasing an additional 32,805 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its position in Flushing Financial by 1.1% in the 3rd quarter. Gamco Investors INC. ET AL now owns 1,158,402 shares of the bank’s stock worth $15,210,000 after purchasing an additional 12,602 shares during the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

Flushing Financial Price Performance

FFIC opened at $11.37 on Friday. The stock has a market cap of $330.51 million, a P/E ratio of 11.37 and a beta of 0.73. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.26. Flushing Financial Co. has a 12 month low of $9.28 and a 12 month high of $18.00. The company has a fifty day simple moving average of $12.25 and a 200 day simple moving average of $13.80.

Flushing Financial (NASDAQ:FFIC) last announced its earnings results on Tuesday, April 23rd. The bank reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $112.58 million during the quarter, compared to analyst estimates of $47.12 million. Flushing Financial had a return on equity of 4.31% and a net margin of 6.81%. During the same period in the previous year, the company posted $0.10 earnings per share. On average, research analysts expect that Flushing Financial Co. will post 0.75 EPS for the current year.

Flushing Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date of this dividend was Friday, March 8th. Flushing Financial’s payout ratio is presently 88.00%.

Analyst Upgrades and Downgrades

Several analysts have commented on FFIC shares. StockNews.com cut shares of Flushing Financial from a “hold” rating to a “sell” rating in a research report on Thursday. DA Davidson dropped their target price on shares of Flushing Financial from $17.00 to $13.50 and set a “neutral” rating for the company in a research report on Tuesday, March 5th. Keefe, Bruyette & Woods lowered their price objective on shares of Flushing Financial from $14.00 to $13.00 and set a “market perform” rating for the company in a research report on Friday. Finally, Raymond James upped their price objective on shares of Flushing Financial from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.17.

Insider Buying and Selling

In related news, EVP Francis W. Korzekwinski sold 7,649 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $12.61, for a total value of $96,453.89. Following the completion of the transaction, the executive vice president now directly owns 73,493 shares of the company’s stock, valued at approximately $926,746.73. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Francis W. Korzekwinski sold 7,649 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $12.61, for a total transaction of $96,453.89. Following the completion of the transaction, the executive vice president now directly owns 73,493 shares in the company, valued at approximately $926,746.73. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Thomas Buonaiuto sold 19,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $13.21, for a total transaction of $250,990.00. Following the transaction, the executive vice president now owns 32,391 shares of the company’s stock, valued at $427,885.11. The disclosure for this sale can be found here. Company insiders own 6.60% of the company’s stock.

Flushing Financial 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.