Thrivent Financial for Lutherans Has $728,000 Holdings in Flushing Financial Co. (NASDAQ:FFIC)

Thrivent Financial for Lutherans lowered its stake in shares of Flushing Financial Co. (NASDAQ:FFIC) by 24.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 50,996 shares of the bank’s stock after selling 16,877 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Flushing Financial were worth $728,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Flushing Financial by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,236 shares of the bank’s stock worth $3,401,000 after buying an additional 4,876 shares during the last quarter. 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. BNP Paribas Financial Markets boosted its position in Flushing Financial by 18.7% in the third quarter. BNP Paribas Financial Markets now owns 19,661 shares of the bank’s stock valued at $287,000 after buying an additional 3,100 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Flushing Financial during the third quarter worth $171,000. Finally, Jane Street Group LLC increased its holdings in shares of 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 buying an additional 7,467 shares in the last quarter. Institutional investors own 67.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Flushing Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 25th.

Insider Transactions at Flushing Financial

In related news, EVP Thomas Buonaiuto sold 6,800 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $12.92, for a total value of $87,856.00. Following the transaction, the executive vice president now directly owns 32,336 shares of the company’s stock, valued at approximately $417,781.12. This represents a 17.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.31% of the company’s stock.

Flushing Financial Price Performance

Flushing Financial stock opened at $12.78 on Thursday. The company has a market cap of $431.67 million, a price-to-earnings ratio of -12.65 and a beta of 0.79. The business’s 50 day simple moving average is $13.85 and its 200 day simple moving average is $14.95. 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 Co. has a 12 month low of $10.74 and a 12 month high of $18.59.

Flushing Financial (NASDAQ:FFIC) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Sell-side analysts forecast that Flushing Financial Co. will post 1.2 EPS for the current year.

Flushing Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.88 annualized dividend and a yield of 6.89%. Flushing Financial’s dividend payout ratio (DPR) is presently -87.13%.

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, non-interest bearing demand accounts, NOW accounts, and certificates of deposit.