Dimensional Fund Advisors LP Has $68.46 Million Position in Flushing Financial Co. (FFIC)

Dimensional Fund Advisors LP increased its holdings in Flushing Financial Co. (NASDAQ:FFIC) by 1.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,303,474 shares of the bank’s stock after acquiring an additional 23,273 shares during the period. Dimensional Fund Advisors LP owned approximately 7.99% of Flushing Financial worth $68,460,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Aperio Group LLC boosted its position in shares of Flushing Financial by 24.3% during the second quarter. Aperio Group LLC now owns 11,621 shares of the bank’s stock worth $328,000 after buying an additional 2,271 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Flushing Financial by 1.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 128,161 shares of the bank’s stock valued at $3,613,000 after acquiring an additional 1,490 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Flushing Financial by 2.0% in the second quarter. Legal & General Group Plc now owns 10,446 shares of the bank’s stock valued at $295,000 after acquiring an additional 207 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Flushing Financial by 277.4% in the second quarter. BNP Paribas Arbitrage SA now owns 4,834 shares of the bank’s stock valued at $136,000 after acquiring an additional 3,553 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Flushing Financial by 27.5% in the second quarter. Prudential Financial Inc. now owns 38,636 shares of the bank’s stock valued at $1,090,000 after acquiring an additional 8,330 shares in the last quarter. Institutional investors own 77.36% of the company’s stock.

Flushing Financial Co. (NASDAQ FFIC) opened at $27.69 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.23. Flushing Financial Co. has a twelve month low of $24.27 and a twelve month high of $31.96. The stock has a market capitalization of $793.27, a PE ratio of 16.29, a P/E/G ratio of 1.68 and a beta of 1.06.

Flushing Financial (NASDAQ:FFIC) last released its quarterly earnings results on Tuesday, October 31st. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.07). Flushing Financial had a return on equity of 9.04% and a net margin of 19.50%. The company had revenue of $44.70 million for the quarter. analysts expect that Flushing Financial Co. will post 1.67 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Thursday, December 7th. Flushing Financial’s dividend payout ratio is currently 42.35%.

Several analysts have recently issued reports on FFIC shares. Zacks Investment Research cut Flushing Financial from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 price target on shares of Flushing Financial in a research note on Sunday, October 8th. Sandler O’Neill cut Flushing Financial from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research note on Thursday, November 30th. They noted that the move was a valuation call. ValuEngine upgraded Flushing Financial from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $28.00 target price on shares of Flushing Financial in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $30.25.

In other news, Director John E. Sr Roe, Sr. sold 3,629 shares of Flushing Financial stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $26.98, for a total transaction of $97,910.42. Following the completion of the sale, the director now directly owns 66,434 shares in the company, valued at approximately $1,792,389.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sam Sang Ki Han sold 5,000 shares of Flushing Financial stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $28.93, for a total transaction of $144,650.00. Following the sale, the director now owns 41,066 shares of the company’s stock, valued at $1,188,039.38. The disclosure for this sale can be found here. Insiders sold a total of 16,058 shares of company stock worth $443,589 in the last ninety days. 4.86% of the stock is owned by corporate insiders.

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Flushing Financial Profile

Flushing Financial Corporation is the bank holding company for Flushing Bank (the Bank). The Company is a community-oriented financial institution offering a range of financial services. The Bank’s subsidiaries include Flushing Preferred Funding Corporation, Flushing Service Corporation and FSB Properties Inc The Company also owns Flushing Financial Capital Trust II, Flushing Financial Capital Trust III and Flushing Financial Capital Trust IV (the Trusts).

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Institutional Ownership by Quarter for Flushing Financial (NASDAQ:FFIC)

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