Macquarie Group Ltd. Has $15,584,000 Stake in Flushing Financial Corp. (FFIC)
Macquarie Group Ltd. increased its position in Flushing Financial Corp. (NASDAQ:FFIC) by 27.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 783,911 shares of the company’s stock after buying an additional 167,366 shares during the period. Macquarie Group Ltd. owned approximately 2.70% of Flushing Financial Corp. worth $15,584,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Flushing Financial Corp. by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 177,229 shares of the company’s stock worth $3,524,000 after buying an additional 4,509 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in Flushing Financial Corp. by 3.5% in the second quarter. Frontier Capital Management Co. LLC now owns 1,896,462 shares of the company’s stock valued at $37,702,000 after buying an additional 64,550 shares in the last quarter. Context BH Capital Management LP acquired a new stake in Flushing Financial Corp. during the second quarter valued at about $324,000. Mutual of America Capital Management LLC boosted its stake in Flushing Financial Corp. by 2.7% in the second quarter. Mutual of America Capital Management LLC now owns 133,185 shares of the company’s stock valued at $2,648,000 after buying an additional 3,535 shares in the last quarter. Finally, Kleinwort Benson Investors Dublin Ltd acquired a new stake in Flushing Financial Corp. during the second quarter valued at about $1,116,000. Institutional investors and hedge funds own 77.52% of the company’s stock.
Shares of Flushing Financial Corp. (NASDAQ:FFIC) traded down 1.43% during trading on Monday, reaching $26.22. The company had a trading volume of 26,431 shares. Flushing Financial Corp. has a 52 week low of $18.95 and a 52 week high of $27.08. The stock’s 50-day moving average price is $23.70 and its 200-day moving average price is $22.12. The company has a market capitalization of $756.74 million, a PE ratio of 12.20 and a beta of 0.92.
Flushing Financial Corp. (NASDAQ:FFIC) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $0.39 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.39. Flushing Financial Corp. had a return on equity of 8.96% and a net margin of 23.79%. During the same quarter in the previous year, the company posted $0.40 earnings per share. On average, equities analysts expect that Flushing Financial Corp. will post $1.50 EPS for the current fiscal year.
Several analysts recently issued reports on FFIC shares. Keefe, Bruyette & Woods increased their target price on Flushing Financial Corp. from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, August 1st. Zacks Investment Research upgraded Flushing Financial Corp. from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday, August 30th. Sandler O’Neill cut Flushing Financial Corp. from a “buy” rating to a “hold” rating and increased their target price for the stock from $23.00 to $24.00 in a research report on Wednesday, August 31st. Finally, Gabelli cut Flushing Financial Corp. from a “buy” rating to a “hold” rating in a research report on Friday, November 11th.
In other Flushing Financial Corp. news, SVP Caterina Depasquale sold 1,200 shares of the company’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $22.87, for a total transaction of $27,444.00. Following the transaction, the senior vice president now directly owns 16,599 shares in the company, valued at $379,619.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John R. Buran sold 8,000 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $23.09, for a total value of $184,720.00. Following the transaction, the chief executive officer now owns 109,764 shares in the company, valued at $2,534,450.76. The disclosure for this sale can be found here. Company insiders own 5.85% of the company’s stock.
About Flushing Financial Corp.
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 owns three subsidiaries: Flushing Preferred Funding Corporation (FPFC), Flushing Service Corporation, and FSB Properties Inc (Properties).
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