Flushing Financial Co. (NASDAQ:FFIC) Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL raised its holdings in shares of Flushing Financial Co. (NASDAQ:FFIC) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,209,250 shares of the bank’s stock after purchasing an additional 11,285 shares during the period. Gamco Investors INC. ET AL owned about 4.16% of Flushing Financial worth $15,249,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of FFIC. YHB Investment Advisors Inc. acquired a new position in Flushing Financial during the 1st quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Flushing Financial during the first quarter valued at $32,000. EntryPoint Capital LLC bought a new position in shares of Flushing Financial during the first quarter worth about $35,000. Swiss National Bank increased its holdings in shares of Flushing Financial by 5.4% in the 1st quarter. Swiss National Bank now owns 54,223 shares of the bank’s stock worth $684,000 after acquiring an additional 2,800 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Flushing Financial by 23.9% in the 4th quarter. BNP Paribas Financial Markets now owns 23,217 shares of the bank’s stock valued at $383,000 after purchasing an additional 4,476 shares during the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

Flushing Financial Stock Up 0.4 %

Flushing Financial stock traded up $0.06 during trading hours on Friday, hitting $16.67. The company had a trading volume of 199,610 shares, compared to its average volume of 176,701. The firm’s fifty day moving average is $13.25 and its 200-day moving average is $13.19. The firm has a market capitalization of $484.60 million, a P/E ratio of 16.67 and a beta of 0.77. Flushing Financial Co. has a fifty-two week low of $10.74 and a fifty-two week high of $18.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.97 and a quick ratio of 0.97.

Flushing Financial (NASDAQ:FFIC) last posted its earnings results on Tuesday, April 23rd. The bank reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $112.58 million during the quarter, compared to analyst estimates of $47.12 million. Flushing Financial had a net margin of 6.81% and a return on equity of 4.31%. During the same quarter in the previous year, the business posted $0.10 earnings per share. On average, research analysts forecast that Flushing Financial Co. will post 0.74 earnings per share for the current year.

Flushing Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Monday, June 10th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.88 annualized dividend and a dividend yield of 5.28%. Flushing Financial’s dividend payout ratio (DPR) is currently 88.00%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FFIC shares. StockNews.com cut Flushing Financial from a “hold” rating to a “sell” rating in a research note on Monday, July 8th. Keefe, Bruyette & Woods decreased their target price on shares of Flushing Financial from $14.00 to $13.00 and set a “market perform” rating for the company in a research report on Friday, April 26th.

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.