Assenagon Asset Management S.A. Invests $450,000 in Flushing Financial Co. (NASDAQ:FFIC)

Assenagon Asset Management S.A. acquired a new stake in Flushing Financial Co. (NASDAQ:FFIC) during the 4th quarter, Holdings Channel reports. The fund acquired 31,509 shares of the bank’s stock, valued at approximately $450,000.

Several other large investors have also bought and sold shares of the business. Nisa Investment Advisors LLC lifted its holdings in shares of Flushing Financial by 4,000.0% in the third quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock worth $30,000 after acquiring an additional 2,000 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Flushing Financial during the 2nd quarter worth approximately $61,000. FMR LLC lifted its stake in Flushing Financial by 64.1% in the 3rd quarter. FMR LLC now owns 7,259 shares of the bank’s stock valued at $106,000 after purchasing an additional 2,836 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Flushing Financial in the third quarter valued at approximately $171,000. Finally, CWM LLC grew its stake in shares of Flushing Financial by 136.6% during the third quarter. CWM LLC now owns 13,093 shares of the bank’s stock worth $191,000 after buying an additional 7,559 shares during the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Flushing Financial

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

Flushing Financial Stock Down 1.0 %

Shares of NASDAQ FFIC opened at $14.38 on Friday. The company has a 50 day simple moving average of $15.68 and a 200 day simple moving average of $15.05. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 0.94. Flushing Financial Co. has a 1 year low of $10.74 and a 1 year high of $18.59. The firm has a market cap of $484.03 million, a PE ratio of 16.53 and a beta of 0.81.

Flushing Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 6.12%. The ex-dividend date was Friday, December 6th. Flushing Financial’s payout ratio is currently 101.15%.

Wall Street Analyst Weigh In

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

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.