Flushing Financial Co. (NASDAQ:FFIC) Shares Purchased by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP increased its holdings in shares of Flushing Financial Co. (NASDAQ:FFIC) by 53.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,960 shares of the bank’s stock after acquiring an additional 5,557 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in Flushing Financial were worth $228,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Flushing Financial during the fourth quarter worth about $28,000. US Bancorp DE raised its stake in Flushing Financial by 496.0% during the fourth quarter. US Bancorp DE now owns 3,725 shares of the bank’s stock worth $53,000 after acquiring an additional 3,100 shares during the period. Quarry LP acquired a new stake in Flushing Financial during the fourth quarter worth about $73,000. New York State Common Retirement Fund raised its stake in Flushing Financial by 27.8% during the fourth quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank’s stock worth $92,000 after acquiring an additional 1,400 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Flushing Financial in the fourth quarter valued at approximately $141,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

Insider Activity at Flushing Financial

In related news, EVP Thomas Buonaiuto sold 6,800 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $12.92, for a total transaction of $87,856.00. Following the transaction, the executive vice president now owns 32,336 shares in the company, valued at $417,781.12. This trade represents a 17.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.31% of the company’s stock.

Flushing Financial Price Performance

Shares of NASDAQ:FFIC opened at $12.79 on Friday. The firm’s 50 day moving average is $12.34 and its two-hundred day moving average is $14.31. Flushing Financial Co. has a 52 week low of $10.65 and a 52 week high of $18.59. The firm has a market capitalization of $432.01 million, a P/E ratio of -12.66 and a beta of 0.81. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.27.

Flushing Financial (NASDAQ:FFIC) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Flushing Financial had a negative net margin of 6.46% and a positive return on equity of 3.25%. The company had revenue of $58.10 million for the quarter, compared to analyst estimates of $55.38 million. Analysts anticipate that Flushing Financial Co. will post 1.2 earnings per share for the current year.

Flushing Financial Dividend Announcement

The business 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 was Friday, March 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.88%. Flushing Financial’s dividend payout ratio is presently -61.97%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Flushing Financial from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th.

About Flushing Financial

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.