Flushing Financial Co. (NASDAQ:FFIC) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC raised its stake in shares of Flushing Financial Co. (NASDAQ:FFIC) by 14.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,821 shares of the bank’s stock after buying an additional 7,467 shares during the period. Jane Street Group LLC owned approximately 0.20% of Flushing Financial worth $858,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. acquired a new stake in Flushing Financial in the third quarter worth approximately $171,000. Verition Fund Management LLC acquired a new stake in shares of Flushing Financial in the third quarter valued at $4,936,000. Fourthstone LLC bought a new position in Flushing Financial during the third quarter valued at about $510,000. BNP Paribas Financial Markets grew its holdings in Flushing Financial by 18.7% during the third quarter. BNP Paribas Financial Markets now owns 19,661 shares of the bank’s stock worth $287,000 after acquiring an additional 3,100 shares during the period. Finally, FMR LLC grew its holdings in Flushing Financial by 64.1% during the third quarter. FMR LLC now owns 7,259 shares of the bank’s stock worth $106,000 after acquiring an additional 2,836 shares during the period. 67.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, 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 transaction, the chief accounting officer now directly owns 34,853 shares in the company, valued at approximately $564,270.07. This represents a 18.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sam Sang Ki Han sold 10,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $15.47, for a total value of $154,700.00. Following the sale, the director now owns 67,251 shares of the company’s stock, valued at approximately $1,040,372.97. The trade was a 12.94 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.31% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Flushing Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Flushing Financial presently has an average rating of “Hold” and a consensus price target of $15.50.

Flushing Financial Price Performance

Shares of NASDAQ:FFIC opened at $14.28 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.27. The business has a 50 day moving average price of $16.36 and a 200 day moving average price of $14.80. The company has a market cap of $480.65 million, a price-to-earnings ratio of 16.41 and a beta of 0.78. Flushing Financial Co. has a twelve month low of $10.74 and a twelve month high of $18.59.

Flushing Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.88 annualized dividend and a yield of 6.16%. Flushing Financial’s dividend payout ratio (DPR) is currently 101.15%.

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.