Flushing Financial Co. (NASDAQ:FFIC) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC decreased its stake in shares of Flushing Financial Co. (NASDAQ:FFIC) by 11.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,706 shares of the bank’s stock after selling 1,699 shares during the period. MetLife Investment Management LLC’s holdings in Flushing Financial were worth $200,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cubist Systematic Strategies LLC boosted its holdings in Flushing Financial by 1.3% in the second quarter. Cubist Systematic Strategies LLC now owns 68,151 shares of the bank’s stock valued at $896,000 after acquiring an additional 907 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Flushing Financial by 4,000.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock valued at $30,000 after purchasing an additional 2,000 shares in the last quarter. CWM LLC grew its holdings in shares of Flushing Financial by 87.0% during the 2nd quarter. CWM LLC now owns 5,534 shares of the bank’s stock worth $73,000 after purchasing an additional 2,575 shares during the period. FMR LLC increased its position in Flushing Financial by 64.1% during the 3rd 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. Finally, BNP Paribas Financial Markets raised its holdings in Flushing Financial by 18.7% in the third quarter. BNP Paribas Financial Markets now owns 19,661 shares of the bank’s stock valued at $287,000 after buying an additional 3,100 shares during the period. Institutional investors and hedge funds own 67.10% of the company’s stock.

Flushing Financial Stock Performance

Flushing Financial stock opened at $17.19 on Monday. 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’s fifty day moving average price is $16.20 and its 200 day moving average price is $14.49. The company has a market capitalization of $499.71 million, a price-to-earnings ratio of 19.76 and a beta of 0.78. Flushing Financial Co. has a 12-month low of $10.74 and a 12-month 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 issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend is Friday, December 6th. Flushing Financial’s dividend payout ratio is currently 101.15%.

Insider Buying and Selling at Flushing Financial

In other news, CAO Astrid Burrowes sold 8,000 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $16.19, for a total value of $129,520.00. Following the sale, the chief accounting officer now owns 34,853 shares in the company, valued at approximately $564,270.07. This represents a 18.67 % decrease in their position. The sale 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 Flushing Financial stock in a transaction dated Friday, November 1st. The stock was 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 owns 67,251 shares of the company’s stock, valued at $1,040,372.97. This trade represents a 12.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.31% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Flushing Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.50.

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.