Los Angeles Capital Management & Equity Research Inc. maintained its position in Flushing Financial Corporation (NASDAQ:FFIC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,070 shares of the bank’s stock at the close of the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.09% of Flushing Financial Corporation worth $763,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Flushing Financial Corporation during the 1st quarter valued at $133,000. BNP Paribas Arbitrage SA lifted its position in shares of Flushing Financial Corporation by 277.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,834 shares of the bank’s stock valued at $136,000 after acquiring an additional 3,553 shares during the period. Bank of Montreal Can lifted its position in shares of Flushing Financial Corporation by 60.0% during the 1st quarter. Bank of Montreal Can now owns 7,450 shares of the bank’s stock valued at $200,000 after acquiring an additional 2,793 shares during the period. Oxford Asset Management bought a new stake in shares of Flushing Financial Corporation during the 1st quarter valued at $212,000. Finally, Karp Capital Management Corp bought a new stake in shares of Flushing Financial Corporation during the 1st quarter valued at $251,000. Hedge funds and other institutional investors own 77.31% of the company’s stock.

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A number of research firms have recently weighed in on FFIC. Zacks Investment Research downgraded Flushing Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. BidaskClub downgraded Flushing Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $30.00 target price on shares of Flushing Financial Corporation in a research report on Thursday, August 10th. ValuEngine upgraded Flushing Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $28.00 target price on shares of Flushing Financial Corporation in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $30.33.

Shares of Flushing Financial Corporation (FFIC) opened at 28.29 on Friday. The stock’s 50 day moving average price is $27.47 and its 200-day moving average price is $27.77. The company has a market capitalization of $824.23 million, a P/E ratio of 16.47 and a beta of 1.10. Flushing Financial Corporation has a 52-week low of $20.95 and a 52-week high of $31.96.

Flushing Financial Corporation (NASDAQ:FFIC) last posted its quarterly earnings data on Tuesday, July 25th. The bank reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. Flushing Financial Corporation had a return on equity of 9.23% and a net margin of 19.96%. The company had revenue of $45.57 million during the quarter, compared to analysts’ expectations of $46.79 million. During the same period in the prior year, the business earned $0.39 earnings per share. On average, equities analysts expect that Flushing Financial Corporation will post $1.74 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.72 annualized dividend and a yield of 2.55%. Flushing Financial Corporation’s dividend payout ratio (DPR) is currently 41.62%.

In related news, Director Donna M. Obrien sold 3,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $27.33, for a total value of $81,990.00. Following the completion of the transaction, the director now directly owns 50,925 shares of the company’s stock, valued at $1,391,780.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.86% of the stock is owned by company insiders.

About Flushing Financial Corporation

Flushing Financial Corporation is the bank holding company for Flushing Bank (the Bank). The Company is a community-oriented financial institution offering a range of financial services. The Bank’s subsidiaries include Flushing Preferred Funding Corporation, Flushing Service Corporation and FSB Properties Inc The Company also owns Flushing Financial Capital Trust II, Flushing Financial Capital Trust III and Flushing Financial Capital Trust IV (the Trusts).

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Institutional Ownership by Quarter for Flushing Financial Corporation (NASDAQ:FFIC)

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