234,165 Shares in Flushing Financial Co. (NASDAQ:FFIC) Acquired by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. purchased a new stake in Flushing Financial Co. (NASDAQ:FFIC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 234,165 shares of the bank’s stock, valued at approximately $3,344,000. Stieven Capital Advisors L.P. owned about 0.70% of Flushing Financial as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Flushing Financial in the 4th quarter valued at $28,000. Nisa Investment Advisors LLC grew its holdings in shares of Flushing Financial by 4,000.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock worth $30,000 after purchasing an additional 2,000 shares during the last quarter. FMR LLC increased its position in shares of Flushing Financial by 64.1% during the third quarter. FMR LLC now owns 7,259 shares of the bank’s stock worth $106,000 after purchasing an additional 2,836 shares in the last quarter. Sageworth Trust Co purchased a new stake in shares of Flushing Financial in the 4th quarter valued at about $143,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Flushing Financial in the 3rd quarter valued at about $171,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Flushing Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Flushing Financial currently has an average rating of “Hold” and a consensus target price of $15.50.

Flushing Financial Stock Performance

NASDAQ FFIC opened at $15.00 on Friday. The firm has a market cap of $504.90 million, a P/E ratio of -14.85 and a beta of 0.81. Flushing Financial Co. has a 52-week low of $10.74 and a 52-week high of $18.59. The business’s 50-day moving average price is $14.71 and its 200 day moving average price is $14.97. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.27.

Flushing Financial (NASDAQ:FFIC) last released its earnings results on Tuesday, January 28th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, equities research analysts expect that Flushing Financial Co. will post 1.2 earnings per share for the current year.

Flushing Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 5.87%. The ex-dividend date was Friday, December 6th. Flushing Financial’s dividend payout ratio (DPR) is presently -87.13%.

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.