Campbell & CO Investment Adviser LLC grew its stake in Flushing Financial Co. (NASDAQ: FFIC – Get Rating ) by 32.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 16,707 shares of the bank’s stock after acquiring an additional 4,072 shares during the period. Campbell & CO Investment Adviser LLC owned about 0.06% of Flushing Financial worth $373,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the business. Strs Ohio raised its position in shares of Flushing Financial by 1.8% in the 1st quarter. Strs Ohio now owns 33,700 shares of the bank’s stock valued at $753,000 after buying an additional 600 shares during the period. Victory Capital Management Inc. grew its stake in shares of Flushing Financial by 2.6% during the 1st quarter. Now Victory Capital Management Inc. owns 38,511 shares of the bank’s stock valued at $828,000 after purchasing an additional 964 shares in the last quarter. Martin & Co. Inc. TN raised its stake in shares of Flushing Financial by 2.1% during the 1st quarter. Martin & Co. Inc. TN now owns 58,618 shares of the bank’s stock valued at $1,310,000 after acquiring an additional 1,204 shares in the last quarter. Swiss National Bank raised its stake in shares of Flushing Financial by 6.4% during the 1st quarter. Swiss National Bank now owns 61,723 shares of the bank’s stock valued at $1,380,000 after buying an additional 3,700 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Flushing Financial by 11.6% during the 4th quarter. First Trust Advisors LP now owns 64,058 shares of the bank’s stock valued at $1,557,000 after purchasing an additional 6,636 shares in the last quarter. Hedge funds and other institutional investors own 73.40% of the company’s shares.
Raising and lowering the level of an analyst
Separately, StockNews.com downgraded shares of Flushing Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th.
Insider Buying and Selling at Flushing Financial
In other Flushing Financial news, COO Maria A. Grasso sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 15th. Shares were sold at an average price of $22.00. USA, and the total amount of the deal was $132,000.00. Following the transaction, the chief operating officer now owns 76,525 shares in the company, valued at approximately $1,683,550. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available on the SEC’s website. In other news, COO Maria A. Grasso sold 6,000 shares of the stock in a transaction on Wednesday, June 15th. The shares were sold at an average price of $22.00 for a total value of $132,000.00. Following the sale, the chief operating officer now owns 76,525 shares in the company, valued at $1,683,550. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed at this hyperlink. Also, EVP Francis W. Korzekwinski sold 5,000 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $22.17, and the total transaction amounting to $110,850.00. Following the completion of the sale, the executive vice president now owns 71,952 shares in the company, valued at approximately $1,595,175.84. Information on this sale can be found here. 6.60% of shares are currently held by company insiders.
Flushing Financial Trading rose 1.3%
NASDAQ FFIC opened at $22.67 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.08, and a debt-to-equity ratio of 1.62. Flushing Financial Co. has a 52-week low of $20.50 and a 52-week high of $25.95. The firm has a market cap of $679.69 million, a PE ratio of 8.15 and a beta of 0.71. The company has a 50-day moving average price of $21.82. US and 200-day moving average price of $22.36.
Flushing Financial (NASDAQ:FFIC – Get Rating) last issued its quarterly earnings results on Tuesday, July 26th. The bank reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.14. Flushing Financial’s net return was 28.96% and return on equity was 13.26%. During the same quarter last year, the business posted $0.73 EPS. Sell-side analysts predict that Flushing Financial Co. will post 2.39 EPS for the current fiscal year.
Announcement of financial dividends
The company also recently declared a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 3rd were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, June 2nd. This is $0.88. US dividends on an annualized basis and a yield of 3.88%. Flushing Financial’s payout ratio is 31.65%.
About Flushing Financial
Flushing Financial Corporation acts as the bank holding company for Flushing Bank, which provides banking products and services primarily to consumers, businesses and government agencies. It offers various deposit products, including checking and savings accounts, money market accounts, demand accounts, NOW accounts and certificates of deposit.
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