Flushing Financial Corporation (FFIC) Holdings Reduced by AlphaOne Investment Services LLC

AlphaOne Investment Services LLC trimmed its position in shares of Flushing Financial Corporation (NASDAQ:FFIC) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,617 shares of the bank’s stock after selling 1,829 shares during the quarter. AlphaOne Investment Services LLC owned 0.36% of Flushing Financial Corporation worth $2,977,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in Flushing Financial Corporation by 277.4% during the second quarter. BNP Paribas Arbitrage SA now owns 4,834 shares of the bank’s stock worth $136,000 after buying an additional 3,553 shares during the period. SG Americas Securities LLC purchased a new position in Flushing Financial Corporation during the first quarter worth $133,000. Bank of Montreal Can boosted its stake in Flushing Financial Corporation by 60.0% during the first quarter. Bank of Montreal Can now owns 7,450 shares of the bank’s stock worth $200,000 after buying an additional 2,793 shares during the period. Oxford Asset Management purchased a new position in Flushing Financial Corporation during the first quarter worth $212,000. Finally, Karp Capital Management Corp purchased a new position in Flushing Financial Corporation during the first quarter worth $251,000. 77.31% of the stock is owned by institutional investors.

Flushing Financial Corporation (NASDAQ:FFIC) traded up 1.50% during mid-day trading on Thursday, reaching $28.48. 12,086 shares of the company were exchanged. Flushing Financial Corporation has a 1-year low of $20.95 and a 1-year high of $31.96. The stock’s 50-day moving average price is $27.47 and its 200-day moving average price is $27.77. The stock has a market capitalization of $829.76 million, a price-to-earnings ratio of 16.58 and a beta of 1.10.

Flushing Financial Corporation (NASDAQ:FFIC) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $45.57 million during the quarter, compared to the consensus estimate of $46.79 million. Flushing Financial Corporation had a return on equity of 9.23% and a net margin of 19.96%. During the same period last year, the company earned $0.39 EPS. On average, equities research analysts anticipate that Flushing Financial Corporation will post $1.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, September 7th. Flushing Financial Corporation’s dividend payout ratio (DPR) is 41.62%.

A number of brokerages have recently issued reports on FFIC. Zacks Investment Research raised shares of Flushing Financial Corporation from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Tuesday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $30.00 target price on shares of Flushing Financial Corporation in a research note on Thursday, August 10th. BidaskClub raised shares of Flushing Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, August 4th. Piper Jaffray Companies reissued a “hold” rating and set a $30.00 target price on shares of Flushing Financial Corporation in a research note on Thursday, August 3rd. Finally, ValuEngine raised shares of Flushing Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $30.33.

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In related news, Director Donna M. Obrien sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $27.33, for a total transaction of $81,990.00. Following the completion of the transaction, the director now directly owns 50,925 shares in the company, valued at approximately $1,391,780.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.86% of the company’s stock.

Flushing Financial Corporation Company Profile

Flushing Financial Corporation is the bank holding company for Flushing Bank (the Bank). The Company is a community-oriented financial institution offering a range of financial services. The Bank’s subsidiaries include Flushing Preferred Funding Corporation, Flushing Service Corporation and FSB Properties Inc The Company also owns Flushing Financial Capital Trust II, Flushing Financial Capital Trust III and Flushing Financial Capital Trust IV (the Trusts).

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

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