Dynamic Technology Lab Private Ltd Invests $221,000 in Flushing Financial Corporation (FFIC) Stock

Dynamic Technology Lab Private Ltd bought a new position in Flushing Financial Corporation (NASDAQ:FFIC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,816 shares of the bank’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Legal & General Group Plc boosted its stake in shares of Flushing Financial Corporation by 2.0% during the second quarter. Legal & General Group Plc now owns 10,446 shares of the bank’s stock valued at $295,000 after purchasing an additional 207 shares during the period. Wells Fargo & Company MN lifted its stake in Flushing Financial Corporation by 0.8% in the second quarter. Wells Fargo & Company MN now owns 30,381 shares of the bank’s stock worth $857,000 after acquiring an additional 230 shares during the period. Schroder Investment Management Group lifted its stake in Flushing Financial Corporation by 2.4% in the second quarter. Schroder Investment Management Group now owns 10,055 shares of the bank’s stock worth $284,000 after acquiring an additional 233 shares during the period. TIAA CREF Investment Management LLC lifted its stake in Flushing Financial Corporation by 0.8% in the second quarter. TIAA CREF Investment Management LLC now owns 100,927 shares of the bank’s stock worth $2,845,000 after acquiring an additional 785 shares during the period. Finally, Voya Investment Management LLC lifted its stake in Flushing Financial Corporation by 5.7% in the second quarter. Voya Investment Management LLC now owns 18,661 shares of the bank’s stock worth $526,000 after acquiring an additional 1,001 shares during the period. 77.28% of the stock is owned by institutional investors and hedge funds.

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In other news, Director Donna M. Obrien sold 3,000 shares of Flushing Financial Corporation stock in a transaction on Friday, September 15th. The stock was sold at an average price of $27.33, for a total value of $81,990.00. Following the completion of the sale, the director now directly owns 50,925 shares of the company’s stock, valued at $1,391,780.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.86% of the company’s stock.

Flushing Financial Corporation (NASDAQ:FFIC) last posted its earnings results on Tuesday, October 31st. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.07). The business had revenue of $44.70 million for the quarter. Flushing Financial Corporation had a return on equity of 9.10% and a net margin of 19.50%.

A number of equities analysts have issued reports on the company. Piper Jaffray Companies reiterated a “hold” rating and issued a $28.00 price objective on shares of Flushing Financial Corporation in a report on Friday, July 14th. BidaskClub downgraded Flushing Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded Flushing Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $30.00 target price on shares of Flushing Financial Corporation in a research report on Sunday, October 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $30.33.

About Flushing Financial Corporation

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).

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

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