Campbell & CO Investment Adviser LLC Boosts Holdings in Flushing Financial Corporation $FFIC

Campbell & CO Investment Adviser LLC lifted its holdings in Flushing Financial Corporation (NASDAQ:FFIC) by 34.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,466 shares of the bank’s stock after purchasing an additional 8,083 shares during the period. Campbell & CO Investment Adviser LLC owned approximately 0.09% of Flushing Financial worth $374,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FFIC. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Flushing Financial in the 2nd quarter valued at approximately $625,000. Y Intercept Hong Kong Ltd raised its stake in shares of Flushing Financial by 396.0% in the second quarter. Y Intercept Hong Kong Ltd now owns 114,595 shares of the bank’s stock valued at $1,361,000 after acquiring an additional 91,489 shares in the last quarter. AlphaQuest LLC raised its stake in shares of Flushing Financial by 102,390.5% in the second quarter. AlphaQuest LLC now owns 21,523 shares of the bank’s stock valued at $256,000 after acquiring an additional 21,502 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Flushing Financial by 202.0% in the second quarter. Janney Montgomery Scott LLC now owns 40,512 shares of the bank’s stock valued at $481,000 after purchasing an additional 27,096 shares during the period. Finally, Strs Ohio purchased a new position in Flushing Financial in the first quarter valued at $505,000. 67.10% of the stock is currently owned by institutional investors and hedge funds.

Flushing Financial Stock Performance

Shares of Flushing Financial stock opened at $15.34 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.85. Flushing Financial Corporation has a 52 week low of $10.65 and a 52 week high of $18.59. The firm’s 50 day moving average is $13.89 and its two-hundred day moving average is $12.97. The firm has a market capitalization of $518.15 million, a P/E ratio of -12.89 and a beta of 0.87.

Flushing Financial (NASDAQ:FFIC) last issued its earnings results on Tuesday, February 15th. The bank reported $0.58 earnings per share (EPS) for the quarter. The business had revenue of $54.81 million during the quarter. Flushing Financial had a negative net margin of 6.93% and a positive return on equity of 4.98%. Research analysts forecast that Flushing Financial Corporation will post 1.2 EPS for the current fiscal year.

Flushing Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.88 annualized dividend and a dividend yield of 5.7%. Flushing Financial’s dividend payout ratio (DPR) is presently -73.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Zacks Research raised Flushing Financial from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Wall Street Zen downgraded Flushing Financial from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Flushing Financial in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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.