EntryPoint Capital LLC Acquires New Holdings in Flushing Financial Co. (NASDAQ:FFIC)

EntryPoint Capital LLC bought a new position in shares of Flushing Financial Co. (NASDAQ:FFIC) in the fourth quarter, HoldingsChannel.com reports. The firm bought 23,266 shares of the bank’s stock, valued at approximately $332,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. R Squared Ltd bought a new position in shares of Flushing Financial in the 4th quarter worth $28,000. US Bancorp DE raised its holdings in Flushing Financial by 496.0% in the fourth quarter. US Bancorp DE now owns 3,725 shares of the bank’s stock worth $53,000 after purchasing an additional 3,100 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Flushing Financial by 27.8% during the fourth quarter. New York State Common Retirement Fund now owns 6,434 shares of the bank’s stock valued at $92,000 after buying an additional 1,400 shares during the last quarter. FMR LLC boosted its holdings in shares of Flushing Financial by 64.1% in 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 in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Flushing Financial in the 4th quarter worth approximately $141,000. Institutional investors own 67.10% of the company’s stock.

Flushing Financial Price Performance

Shares of NASDAQ FFIC opened at $13.10 on Thursday. 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 debt-to-equity ratio of 1.27, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $442.48 million, a PE ratio of -12.97 and a beta of 0.79. The business has a 50-day simple moving average of $14.06 and a two-hundred day simple moving average of $14.98.

Flushing Financial (NASDAQ:FFIC) last released 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 positive return on equity of 3.25% and a negative net margin of 6.46%. As a group, equities analysts expect that Flushing Financial Co. will post 1.2 EPS for the current fiscal year.

Flushing Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, March 14th. This represents a $0.88 dividend on an annualized basis and a yield of 6.72%. Flushing Financial’s dividend payout ratio is currently -87.13%.

Insider Buying and Selling 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 sale, the executive vice president now owns 32,336 shares of the company’s stock, valued at $417,781.12. The trade was a 17.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 6.31% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Flushing Financial from a “hold” rating to a “sell” rating in a research note on Tuesday.

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.