Martin & Co. Inc. TN Decreases Stock Holdings in Flushing Financial Co. (NASDAQ:FFIC)

Martin & Co. Inc. TN trimmed its holdings in Flushing Financial Co. (NASDAQ:FFIC) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,381 shares of the bank’s stock after selling 4,457 shares during the quarter. Martin & Co. Inc. TN owned about 0.16% of Flushing Financial worth $791,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Flushing Financial by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 694,216 shares of the bank’s stock worth $10,124,000 after purchasing an additional 5,128 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Flushing Financial by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,236 shares of the bank’s stock valued at $3,401,000 after buying an additional 4,876 shares during the period. Barclays PLC raised its position in shares of Flushing Financial by 56.8% during the 3rd quarter. Barclays PLC now owns 51,833 shares of the bank’s stock valued at $756,000 after buying an additional 18,773 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Flushing Financial during the 4th quarter valued at approximately $450,000. Finally, FMR LLC raised its position in shares of Flushing Financial by 64.1% during the 3rd quarter. FMR LLC now owns 7,259 shares of the bank’s stock valued at $106,000 after buying an additional 2,836 shares during the period. 67.10% of the stock is owned by hedge funds and other institutional investors.

Flushing Financial Trading Up 0.7 %

Flushing Financial stock opened at $15.00 on Monday. Flushing Financial Co. has a fifty-two week low of $10.74 and a fifty-two week 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 50 day moving average price of $14.71 and a 200 day moving average price of $14.97.

Flushing Financial (NASDAQ:FFIC) last posted its 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 negative net margin of 6.46% and a positive return on equity of 3.25%. Analysts forecast that Flushing Financial Co. will post 1.2 EPS for the current fiscal year.

Flushing Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.88 annualized dividend and a dividend yield of 5.87%. Flushing Financial’s dividend payout ratio (DPR) is -87.13%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Flushing Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.50.

Flushing Financial 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.