Princeton Capital Management LLC Raises Stock Position in Flushing Financial Co. (NASDAQ:FFIC)

Princeton Capital Management LLC lifted its position in Flushing Financial Co. (NASDAQ:FFIC) by 72.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,000 shares of the bank’s stock after purchasing an additional 8,000 shares during the period. Princeton Capital Management LLC’s holdings in Flushing Financial were worth $271,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Flushing Financial in the 4th quarter worth $28,000. US Bancorp DE lifted its stake in Flushing Financial by 496.0% in the fourth quarter. US Bancorp DE now owns 3,725 shares of the bank’s stock worth $53,000 after acquiring an additional 3,100 shares during the period. New York State Common Retirement Fund grew its holdings in Flushing Financial by 27.8% during 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 in the last quarter. FMR LLC increased its position in Flushing Financial by 64.1% during 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 period. Finally, Quantbot Technologies LP bought a new stake in shares of Flushing Financial in the 4th quarter valued at about $141,000. Institutional investors own 67.10% of the company’s stock.

Flushing Financial Trading Up 3.4 %

Shares of NASDAQ FFIC opened at $13.40 on Tuesday. Flushing Financial Co. has a 1-year low of $10.74 and a 1-year high of $18.59. The business has a fifty day moving average price of $14.13 and a 200 day moving average price of $14.99. The stock has a market capitalization of $452.61 million, a P/E ratio of -13.27 and a beta of 0.79. 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 (NASDAQ:FFIC) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.14 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%. Equities research analysts expect that Flushing Financial Co. will post 1.2 EPS for the current fiscal year.

Flushing Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $0.22 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.88 annualized dividend and a yield of 6.57%. Flushing Financial’s dividend payout ratio (DPR) is -87.13%.

Insiders Place Their Bets

In other news, EVP Thomas Buonaiuto sold 6,800 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now owns 32,336 shares of the company’s stock, valued at $417,781.12. This trade represents a 17.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.31% of the company’s stock.

Analyst Ratings Changes

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

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.