17,407 Shares in Flushing Financial Co. (NASDAQ:FFIC) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in Flushing Financial Co. (NASDAQ:FFIC) during the fourth quarter, Holdings Channel reports. The firm purchased 17,407 shares of the bank’s stock, valued at approximately $249,000.

Other hedge funds also recently modified their holdings of the company. Verition Fund Management LLC bought a new position in Flushing Financial in the third quarter valued at about $4,936,000. Stieven Capital Advisors L.P. bought a new position in Flushing Financial in the fourth quarter valued at about $3,344,000. Bank of New York Mellon Corp grew its position in Flushing Financial by 36.0% in the fourth quarter. Bank of New York Mellon Corp now owns 257,765 shares of the bank’s stock valued at $3,681,000 after acquiring an additional 68,260 shares during the last quarter. GSA Capital Partners LLP grew its position in Flushing Financial by 59.3% in the third quarter. GSA Capital Partners LLP now owns 107,142 shares of the bank’s stock valued at $1,562,000 after acquiring an additional 39,872 shares during the last quarter. Finally, Fourthstone LLC bought a new position in Flushing Financial in the third quarter valued at about $510,000. Institutional investors own 67.10% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Flushing Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 31st.

Flushing Financial Stock Performance

Flushing Financial stock opened at $12.86 on Wednesday. The stock has a market cap of $432.85 million, a PE ratio of -12.73 and a beta of 0.79. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.27. The business’s 50-day moving average price is $14.36 and its two-hundred day moving average price is $15.07. Flushing Financial Co. has a 12-month low of $10.74 and a 12-month high of $18.59.

Flushing Financial (NASDAQ:FFIC) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.07). Flushing Financial had a positive return on equity of 3.25% and a negative net margin of 6.46%. As a group, analysts expect that Flushing Financial Co. will post 1.2 earnings per share for the current fiscal year.

Flushing Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 6.84%. The ex-dividend date of this dividend is Friday, March 14th. Flushing Financial’s dividend payout ratio (DPR) is currently -87.13%.

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.