Charles Schwab Investment Management Inc. Boosts Position in Flushing Financial Co. (NASDAQ:FFIC)

Charles Schwab Investment Management Inc. lifted its position in Flushing Financial Co. (NASDAQ:FFIC) by 0.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 234,974 shares of the bank’s stock after purchasing an additional 1,738 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Flushing Financial were worth $3,355,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FFIC. New York State Common Retirement Fund increased its stake in Flushing Financial by 27.8% in the 4th 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 last quarter. R Squared Ltd purchased a new position in shares of Flushing Financial during the fourth quarter worth about $28,000. Y Intercept Hong Kong Ltd grew its holdings in shares of Flushing Financial by 15.3% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 16,758 shares of the bank’s stock worth $239,000 after purchasing an additional 2,219 shares in the last quarter. Empowered Funds LLC increased its position in shares of Flushing Financial by 2.8% in the fourth quarter. Empowered Funds LLC now owns 94,908 shares of the bank’s stock worth $1,355,000 after purchasing an additional 2,596 shares during the last quarter. Finally, FMR LLC raised its stake in Flushing Financial by 64.1% in the third quarter. FMR LLC now owns 7,259 shares of the bank’s stock valued at $106,000 after purchasing an additional 2,836 shares in the last quarter. 67.10% of the stock is currently owned by institutional investors.

Insider Activity

In other Flushing Financial news, EVP Thomas Buonaiuto sold 6,800 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $12.92, for a total value of $87,856.00. Following the completion of the sale, the executive vice president now directly owns 32,336 shares of the company’s stock, valued at $417,781.12. The trade was a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Flushing Financial from a “hold” rating to a “sell” rating in a research note on Tuesday.

Flushing Financial Trading Down 0.1 %

NASDAQ FFIC opened at $13.09 on Friday. The stock’s 50-day simple moving average is $14.02 and its two-hundred day simple moving average is $14.97. Flushing Financial Co. has a twelve month low of $10.74 and a twelve month high of $18.59. 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 company has a market capitalization of $442.14 million, a price-to-earnings ratio of -12.96 and a beta of 0.79.

Flushing Financial (NASDAQ:FFIC) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). Flushing Financial had a negative net margin of 6.46% and a positive return on equity of 3.25%. Research analysts forecast that Flushing Financial Co. will post 1.2 EPS for the current fiscal year.

Flushing Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.22 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.72%. Flushing Financial’s payout ratio is -87.13%.

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.