Flushing Financial Co. (NASDAQ:FFIC) Shares Sold by State Street Corp

State Street Corp trimmed its holdings in shares of Flushing Financial Co. (NASDAQ:FFIC) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 575,766 shares of the bank’s stock after selling 26,811 shares during the period. State Street Corp owned approximately 2.04% of Flushing Financial worth $7,692,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS Group AG increased its holdings in shares of Flushing Financial by 26.0% during the 4th quarter. UBS Group AG now owns 53,164 shares of the bank’s stock valued at $1,148,000 after purchasing an additional 10,974 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Flushing Financial by 25.6% during the 4th quarter. Bank of New York Mellon Corp now owns 277,963 shares of the bank’s stock valued at $6,005,000 after purchasing an additional 56,671 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Flushing Financial by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 390,396 shares of the bank’s stock valued at $8,434,000 after purchasing an additional 21,964 shares in the last quarter. Norges Bank purchased a new position in shares of Flushing Financial during the 4th quarter valued at approximately $10,143,000. Finally, Nuveen Asset Management LLC increased its holdings in shares of Flushing Financial by 10.3% during the 4th quarter. Nuveen Asset Management LLC now owns 128,226 shares of the bank’s stock valued at $2,770,000 after purchasing an additional 12,010 shares in the last quarter. Institutional investors and hedge funds own 73.98% of the company’s stock.

In other Flushing Financial news, Director Michael A. Azarian bought 5,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was acquired at an average price of $11.00 per share, with a total value of $55,000.00. Following the completion of the acquisition, the director now directly owns 13,900 shares of the company’s stock, valued at $152,900. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sam Sang Ki Han bought 3,500 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were acquired at an average cost of $11.66 per share, with a total value of $40,810.00. Following the acquisition, the director now directly owns 58,650 shares of the company’s stock, valued at $683,859. The disclosure for this purchase can be found here. Insiders have bought 10,000 shares of company stock valued at $110,600 in the last ninety days. Insiders own 5.19% of the company’s stock.

FFIC has been the subject of several recent research reports. BidaskClub raised shares of Flushing Financial from a “sell” rating to a “hold” rating in a report on Friday, July 24th. ValuEngine lowered shares of Flushing Financial from a “hold” rating to a “sell” rating in a report on Monday, July 13th. Finally, Zacks Investment Research raised shares of Flushing Financial from a “sell” rating to a “hold” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $18.33.

Shares of NASDAQ FFIC opened at $11.08 on Friday. The firm has a market cap of $312.57 million, a PE ratio of 7.91, a PEG ratio of 1.35 and a beta of 0.81. The firm has a fifty day moving average of $10.93 and a 200 day moving average of $14.03. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.24 and a current ratio of 1.24. Flushing Financial Co. has a one year low of $8.86 and a one year high of $22.97.

Flushing Financial (NASDAQ:FFIC) last issued its quarterly earnings results on Tuesday, July 21st. The bank reported $0.36 EPS for the quarter, topping the consensus estimate of $0.24 by $0.12. The company had revenue of $62.45 million during the quarter. Flushing Financial had a net margin of 14.08% and a return on equity of 7.33%. On average, equities analysts predict that Flushing Financial Co. will post 1.4 EPS for the current fiscal year.

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, demand accounts, NOW accounts, and certificates of deposit.

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Institutional Ownership by Quarter for Flushing Financial (NASDAQ:FFIC)

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