Janney Montgomery Scott LLC Trims Holdings in Flushing Financial Corporation (NASDAQ:FFIC)

Janney Montgomery Scott LLC decreased its holdings in shares of Flushing Financial Corporation (NASDAQ:FFIC) by 12.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,416 shares of the bank’s stock after selling 1,925 shares during the period. Janney Montgomery Scott LLC’s holdings in Flushing Financial were worth $170,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its stake in shares of Flushing Financial by 28.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,853 shares of the bank’s stock valued at $227,000 after purchasing an additional 3,934 shares during the last quarter. SG Americas Securities LLC increased its position in Flushing Financial by 47.7% during the 1st quarter. SG Americas Securities LLC now owns 39,595 shares of the bank’s stock worth $503,000 after purchasing an additional 12,795 shares during the period. GAMMA Investing LLC raised its position in Flushing Financial by 3,722.1% in the first quarter. GAMMA Investing LLC now owns 24,041 shares of the bank’s stock worth $305,000 after acquiring an additional 23,412 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Flushing Financial during the fourth quarter worth about $4,166,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Flushing Financial during the 4th quarter valued at approximately $276,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

Analyst Ratings Changes

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

Flushing Financial Trading Up 1.9%

Shares of FFIC opened at $12.73 on Monday. The company has a market capitalization of $430.02 million, a PE ratio of -8.96 and a beta of 0.81. The stock has a fifty day moving average of $12.23 and a two-hundred day moving average of $13.08. Flushing Financial Corporation has a fifty-two week low of $10.65 and a fifty-two week high of $18.59. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.91 and a current ratio of 0.92.

Flushing Financial (NASDAQ:FFIC) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $58.10 million during the quarter, compared to the consensus estimate of $55.38 million. Flushing Financial had a positive return on equity of 3.67% and a negative net margin of 9.07%. As a group, analysts forecast that Flushing Financial Corporation will post 1.2 EPS for the current year.

Flushing Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 13th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 6.91%. The ex-dividend date was Friday, June 13th. Flushing Financial’s payout ratio is -61.97%.

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.