35,000 Shares in Flushing Financial Co. (NASDAQ:FFIC) Purchased by Fourthstone LLC

Fourthstone LLC acquired a new stake in shares of Flushing Financial Co. (NASDAQ:FFIC) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 35,000 shares of the bank’s stock, valued at approximately $510,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in Flushing Financial by 4,000.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock worth $30,000 after buying an additional 2,000 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Flushing Financial during the 2nd quarter worth about $61,000. CWM LLC increased its stake in Flushing Financial by 87.0% in the second quarter. CWM LLC now owns 5,534 shares of the bank’s stock valued at $73,000 after purchasing an additional 2,575 shares in the last quarter. FMR LLC increased its position in shares of 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 buying an additional 2,836 shares in the last quarter. Finally, Perritt Capital Management Inc bought a new stake in shares of Flushing Financial in the second quarter worth about $132,000. 67.10% of the stock is owned by institutional investors.

Flushing Financial Stock Performance

FFIC traded down $0.10 during trading on Thursday, hitting $17.77. The stock had a trading volume of 95,202 shares, compared to its average volume of 179,367. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $516.57 million, a price-to-earnings ratio of 20.43 and a beta of 0.75. The company has a 50 day moving average price of $15.69 and a 200-day moving average price of $14.24. Flushing Financial Co. has a one year low of $10.74 and a one year high of $18.59.

Flushing Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date is Friday, December 6th. Flushing Financial’s dividend payout ratio is 101.15%.

Analysts Set New Price Targets

FFIC has been the topic of a number of research analyst reports. Raymond James raised their price objective on shares of Flushing Financial from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. StockNews.com upgraded Flushing Financial from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods lifted their price target on Flushing Financial from $13.00 to $15.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Flushing Financial has a consensus rating of “Hold” and an average target price of $15.50.

Insider Transactions at Flushing Financial

In other Flushing Financial news, CAO Astrid Burrowes sold 8,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $16.19, for a total transaction of $129,520.00. Following the completion of the sale, the chief accounting officer now owns 34,853 shares of the company’s stock, valued at approximately $564,270.07. This represents a 18.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sam Sang Ki Han sold 10,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $15.47, for a total value of $154,700.00. Following the completion of the transaction, the director now directly owns 67,251 shares in the company, valued at $1,040,372.97. This represents a 12.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.31% of the company’s stock.

About Flushing Financial

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.