Flushing Financial Co. (NASDAQ:FFIC) Shares Purchased by Cwm LLC

Cwm LLC grew its holdings in shares of Flushing Financial Co. (NASDAQ:FFIC) by 87.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,534 shares of the bank’s stock after buying an additional 2,575 shares during the period. Cwm LLC’s holdings in Flushing Financial were worth $73,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of FFIC. YHB Investment Advisors Inc. acquired a new position in Flushing Financial during the first quarter worth $27,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Flushing Financial in the 1st quarter valued at about $32,000. EntryPoint Capital LLC acquired a new stake in shares of Flushing Financial in the first quarter valued at about $35,000. Swiss National Bank grew its position in Flushing Financial by 5.4% during the first quarter. Swiss National Bank now owns 54,223 shares of the bank’s stock worth $684,000 after buying an additional 2,800 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Flushing Financial by 23.9% in the fourth quarter. BNP Paribas Financial Markets now owns 23,217 shares of the bank’s stock valued at $383,000 after buying an additional 4,476 shares in the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

Flushing Financial Trading Up 0.6 %

NASDAQ FFIC opened at $13.79 on Tuesday. Flushing Financial Co. has a one year low of $10.74 and a one year high of $18.00. The company’s 50 day moving average price is $13.48 and its 200 day moving average price is $12.84. The firm has a market capitalization of $400.86 million, a price-to-earnings ratio of 13.79 and a beta of 0.77. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.97 and a current ratio of 0.97.

Flushing Financial (NASDAQ:FFIC) last announced its earnings results on Monday, July 29th. The bank reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Flushing Financial had a return on equity of 3.96% and a net margin of 5.84%. The business had revenue of $117.45 million for the quarter, compared to the consensus estimate of $46.96 million. During the same period last year, the business posted $0.26 EPS. On average, sell-side analysts predict that Flushing Financial Co. will post 0.73 EPS for the current year.

Flushing Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Monday, June 10th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date was Friday, June 7th. Flushing Financial’s payout ratio is currently 88.00%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on Flushing Financial from $13.00 to $15.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. StockNews.com cut shares of Flushing Financial from a “hold” rating to a “sell” rating in a research note on Monday, July 8th. Piper Sandler downgraded Flushing Financial from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $15.00 to $16.50 in a research report on Tuesday, July 30th. Finally, Raymond James boosted their target price on shares of Flushing Financial from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.50.

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.