Squarepoint Ops LLC Invests $147,000 in Flushing Financial Co. (NASDAQ:FFIC)

Squarepoint Ops LLC acquired a new position in shares of Flushing Financial Co. (NASDAQ:FFIC) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,277 shares of the bank’s stock, valued at approximately $147,000.

Other large investors have also recently made changes to their positions in the company. US Bancorp DE boosted its position in shares of Flushing Financial by 496.0% in the 4th quarter. US Bancorp DE now owns 3,725 shares of the bank’s stock valued at $53,000 after purchasing an additional 3,100 shares during the period. Quarry LP purchased a new position in shares of Flushing Financial during the 4th quarter worth approximately $73,000. New York State Common Retirement Fund raised its stake in shares of Flushing Financial by 27.8% during the 4th quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank’s stock worth $92,000 after buying an additional 1,400 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Flushing Financial during the 4th quarter worth approximately $141,000. Finally, Fortress Investment Group LLC purchased a new position in shares of Flushing Financial during the 4th quarter worth approximately $143,000. 67.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Thomas Buonaiuto sold 6,800 shares of Flushing Financial stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $12.92, for a total transaction of $87,856.00. Following the transaction, the executive vice president now owns 32,336 shares in the company, valued at approximately $417,781.12. The trade was a 17.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.66% of the stock is owned by insiders.

Flushing Financial Price Performance

Shares of NASDAQ:FFIC opened at $12.10 on Monday. The business’s fifty day moving average price is $12.08 and its two-hundred day moving average price is $13.77. The stock has a market cap of $408.70 million, a PE ratio of -11.98 and a beta of 0.82. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.94 and a current ratio of 0.94. Flushing Financial Co. has a one year low of $10.65 and a one year high of $18.59.

Flushing Financial (NASDAQ:FFIC) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $58.10 million for the quarter, compared to analyst estimates of $55.38 million. Flushing Financial had a positive return on equity of 3.25% and a negative net margin of 6.46%. On average, analysts forecast that Flushing Financial Co. will post 1.2 EPS for the current fiscal year.

Flushing Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 13th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, June 13th. This represents a $0.88 annualized dividend and a dividend yield of 7.27%. Flushing Financial’s dividend payout ratio is presently -61.97%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Flushing Financial from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th.

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.