Corebridge Financial Inc. Has $196,000 Stock Position in Flushing Financial Co. (NASDAQ:FFIC)

Corebridge Financial Inc. lessened its holdings in shares of Flushing Financial Co. (NASDAQ:FFIC) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,696 shares of the bank’s stock after selling 1,033 shares during the quarter. Corebridge Financial Inc.’s holdings in Flushing Financial were worth $196,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Flushing Financial in the 4th quarter valued at approximately $28,000. US Bancorp DE raised its holdings in shares of Flushing Financial by 496.0% during the fourth quarter. US Bancorp DE now owns 3,725 shares of the bank’s stock worth $53,000 after acquiring an additional 3,100 shares during the period. New York State Common Retirement Fund lifted its position in Flushing Financial by 27.8% in the 4th quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank’s stock valued at $92,000 after acquiring an additional 1,400 shares in the last quarter. FMR LLC increased its holdings in Flushing Financial by 64.1% during the 3rd quarter. FMR LLC now owns 7,259 shares of the bank’s stock worth $106,000 after purchasing an additional 2,836 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Flushing Financial in the 4th quarter valued at about $141,000. 67.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Flushing Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 25th.

Insider Transactions at Flushing Financial

In related news, EVP Thomas Buonaiuto sold 6,800 shares of Flushing Financial stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $12.92, for a total transaction of $87,856.00. Following the completion of the transaction, the executive vice president now owns 32,336 shares in the company, valued at approximately $417,781.12. This trade represents a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.31% of the stock is owned by company insiders.

Flushing Financial Stock Down 1.3 %

Shares of FFIC stock opened at $10.90 on Monday. The firm’s fifty day moving average price is $13.35 and its two-hundred day moving average price is $14.75. Flushing Financial Co. has a 1 year low of $10.65 and a 1 year high of $18.59. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $368.17 million, a P/E ratio of -10.79 and a beta of 0.67.

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

Flushing Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 8.07%. The ex-dividend date of this dividend was Friday, March 14th. Flushing Financial’s dividend payout ratio (DPR) is presently -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.