343,450 Shares in Flushing Financial Corporation $FFIC Purchased by CSM Advisors LLC

CSM Advisors LLC purchased a new stake in shares of Flushing Financial Corporation (NASDAQ:FFIC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 343,450 shares of the bank’s stock, valued at approximately $4,080,000. CSM Advisors LLC owned approximately 1.02% of Flushing Financial at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FFIC. Vanguard Group Inc. increased its holdings in shares of Flushing Financial by 9.3% during the 1st quarter. Vanguard Group Inc. now owns 1,895,886 shares of the bank’s stock valued at $24,078,000 after purchasing an additional 161,133 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Flushing Financial by 26.3% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 839,438 shares of the bank’s stock valued at $10,661,000 after buying an additional 174,970 shares during the period. Patriot Financial Partners GP LP grew its position in Flushing Financial by 21.1% during the first quarter. Patriot Financial Partners GP LP now owns 575,000 shares of the bank’s stock valued at $7,302,000 after buying an additional 100,000 shares during the period. Invesco Ltd. increased its holdings in Flushing Financial by 57.7% in the first quarter. Invesco Ltd. now owns 541,904 shares of the bank’s stock valued at $6,882,000 after buying an additional 198,233 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Flushing Financial by 104.3% in the first quarter. Millennium Management LLC now owns 523,080 shares of the bank’s stock worth $6,643,000 after acquiring an additional 267,013 shares during the period. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FFIC shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Flushing Financial in a research note on Wednesday. Zacks Research upgraded shares of Flushing Financial from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Finally, Wall Street Zen downgraded shares of Flushing Financial from a “buy” rating to a “hold” rating in a research report on Sunday. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Flushing Financial Stock Performance

Shares of Flushing Financial stock opened at $15.26 on Monday. The business’s 50 day moving average price is $13.74 and its 200 day moving average price is $12.86. The company has a market cap of $515.45 million, a price-to-earnings ratio of -12.82 and a beta of 0.87. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.94 and a current ratio of 0.94. Flushing Financial Corporation has a one year low of $10.65 and a one year high of $18.59.

Flushing Financial (NASDAQ:FFIC) last issued its earnings results on Tuesday, February 15th. The bank reported $0.58 earnings per share (EPS) for the quarter. The business had revenue of $54.81 million during the quarter. Flushing Financial had a positive return on equity of 4.98% and a negative net margin of 6.93%. On average, research analysts predict that Flushing Financial Corporation will post 1.2 EPS for the current year.

Flushing Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 5.8%. The ex-dividend date was Friday, September 5th. Flushing Financial’s payout ratio is presently -73.95%.

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.