Flushing Financial Co. (NASDAQ:FFIC) Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. cut its stake in Flushing Financial Co. (NASDAQ:FFIC) by 56.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,000 shares of the bank’s stock after selling 85,000 shares during the quarter. Hennessy Advisors Inc. owned about 0.19% of Flushing Financial worth $928,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FFIC. Assenagon Asset Management S.A. purchased a new position in Flushing Financial during the fourth quarter worth about $450,000. JPMorgan Chase & Co. raised its position in shares of Flushing Financial by 156.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 31,977 shares of the bank’s stock valued at $466,000 after buying an additional 19,517 shares during the period. Barclays PLC lifted its holdings in Flushing Financial by 56.8% in the third 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. Geode Capital Management LLC grew its position in Flushing Financial by 0.7% in the third quarter. Geode Capital Management LLC now owns 694,216 shares of the bank’s stock worth $10,124,000 after acquiring an additional 5,128 shares during the period. Finally, Jane Street Group LLC increased its stake in Flushing Financial by 14.5% during the third quarter. Jane Street Group LLC now owns 58,821 shares of the bank’s stock worth $858,000 after acquiring an additional 7,467 shares during the last quarter. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Flushing Financial Stock Down 1.3 %

Shares of NASDAQ FFIC opened at $14.76 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.27. The business’s 50 day moving average is $15.99 and its two-hundred day moving average is $14.99. Flushing Financial Co. has a 52-week low of $10.74 and a 52-week high of $18.59. The firm has a market cap of $496.82 million, a price-to-earnings ratio of 16.97 and a beta of 0.81.

Flushing Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend was Friday, December 6th. Flushing Financial’s payout ratio is 101.15%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Flushing Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Flushing Financial has a consensus rating of “Hold” and a consensus target price of $15.50.

Insider Activity at Flushing Financial

In other Flushing Financial news, CAO Astrid Burrowes sold 8,000 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $16.19, for a total value of $129,520.00. Following the completion of the transaction, the chief accounting officer now owns 34,853 shares in the company, valued at $564,270.07. The trade was a 18.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Sam Sang Ki Han sold 10,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $15.47, for a total value of $154,700.00. Following the completion of the sale, the director now owns 67,251 shares in the company, valued at approximately $1,040,372.97. The trade was a 12.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.31% of the stock is currently 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.