Flushing Financial Co. (NASDAQ:FFIC) Shares Purchased by Perritt Capital Management Inc

Perritt Capital Management Inc grew its holdings in shares of Flushing Financial Co. (NASDAQ:FFIC) by 50.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the bank’s stock after acquiring an additional 5,000 shares during the period. Perritt Capital Management Inc’s holdings in Flushing Financial were worth $214,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in Flushing Financial by 0.7% in the third quarter. Geode Capital Management LLC now owns 694,216 shares of the bank’s stock valued at $10,124,000 after purchasing an additional 5,128 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position 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 purchasing an additional 4,876 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in shares of Flushing Financial by 15.3% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 16,758 shares of the bank’s stock valued at $239,000 after buying an additional 2,219 shares during the last quarter. Barclays PLC grew its position in shares of Flushing Financial by 56.8% during the third quarter. Barclays PLC now owns 51,833 shares of the bank’s stock worth $756,000 after buying an additional 18,773 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Flushing Financial in the fourth quarter worth $450,000. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Flushing Financial Price Performance

Shares of FFIC opened at $12.65 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.27. The firm has a market cap of $427.28 million, a price-to-earnings ratio of -12.52 and a beta of 0.79. Flushing Financial Co. has a 52 week low of $10.74 and a 52 week high of $18.59. The stock has a 50 day moving average of $13.89 and a 200-day moving average of $14.97.

Flushing Financial (NASDAQ:FFIC) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.14 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%. As a group, analysts forecast that Flushing Financial Co. will post 1.2 EPS for the current year.

Flushing Financial Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.88 annualized dividend and a yield of 6.96%. Flushing Financial’s dividend payout ratio (DPR) is -87.13%.

Insider Buying and Selling

In other 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 directly 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 transaction 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 owned by company insiders.

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.