Charles Schwab Investment Management Inc. Has $3.40 Million Position in Flushing Financial Co. (NASDAQ:FFIC)

Charles Schwab Investment Management Inc. grew its holdings in Flushing Financial Co. (NASDAQ:FFIC) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 233,236 shares of the bank’s stock after buying an additional 4,876 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.80% of Flushing Financial worth $3,401,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in FFIC. Quest Partners LLC increased its position in Flushing Financial by 123.5% in the 3rd quarter. Quest Partners LLC now owns 27,383 shares of the bank’s stock valued at $399,000 after acquiring an additional 15,129 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Flushing Financial by 5.4% in the third quarter. Empowered Funds LLC now owns 92,312 shares of the bank’s stock valued at $1,346,000 after purchasing an additional 4,690 shares in the last quarter. GSA Capital Partners LLP raised its position in Flushing Financial by 59.3% in the 3rd quarter. GSA Capital Partners LLP now owns 107,142 shares of the bank’s stock worth $1,562,000 after purchasing an additional 39,872 shares during the last quarter. EMC Capital Management lifted its holdings in Flushing Financial by 163.0% during the 3rd quarter. EMC Capital Management now owns 22,904 shares of the bank’s stock worth $334,000 after buying an additional 14,195 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in 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 buying an additional 2,000 shares during the last quarter. 67.10% of the stock is owned by institutional investors.

Flushing Financial Trading Down 12.5 %

Shares of NASDAQ FFIC opened at $15.09 on Friday. Flushing Financial Co. has a fifty-two week low of $10.74 and a fifty-two week high of $18.59. The firm has a market capitalization of $438.65 million, a P/E ratio of 17.34 and a beta of 0.78. 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 company’s 50 day simple moving average is $16.47 and its 200 day simple moving average is $14.61.

Flushing Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date is Friday, December 6th. Flushing Financial’s dividend payout ratio (DPR) is currently 101.15%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Flushing Financial from a “sell” rating to a “hold” rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Flushing Financial presently has an average rating of “Hold” and a consensus price target of $15.50.

Insider Transactions at Flushing Financial

In related news, Director Sam Sang Ki Han sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $15.47, for a total transaction of $154,700.00. Following the completion of the transaction, the director now owns 67,251 shares in the company, valued at approximately $1,040,372.97. The trade was a 12.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Astrid Burrowes sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $16.19, for a total transaction of $129,520.00. Following the completion of the sale, the chief accounting officer now directly owns 34,853 shares of the company’s stock, valued at $564,270.07. The trade was a 18.67 % decrease in their position. The disclosure for this sale can be found here. 6.31% of the stock is owned by corporate insiders.

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.