Brandywine Global Investment Management LLC lifted its holdings in shares of Flushing Financial Corporation (NASDAQ:FFIC) by 43.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,413 shares of the bank’s stock after purchasing an additional 20,725 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.23% of Flushing Financial Corporation worth $1,929,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Legal & General Group Plc boosted its holdings in shares of Flushing Financial Corporation by 2.0% during the 2nd quarter. Legal & General Group Plc now owns 10,446 shares of the bank’s stock worth $295,000 after buying an additional 207 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Flushing Financial Corporation by 0.8% during the 2nd quarter. Wells Fargo & Company MN now owns 30,381 shares of the bank’s stock worth $857,000 after buying an additional 230 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Flushing Financial Corporation by 2.4% during the 2nd quarter. Schroder Investment Management Group now owns 10,055 shares of the bank’s stock worth $284,000 after buying an additional 233 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in shares of Flushing Financial Corporation by 0.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 100,927 shares of the bank’s stock worth $2,845,000 after buying an additional 785 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in shares of Flushing Financial Corporation by 5.7% during the 2nd quarter. Voya Investment Management LLC now owns 18,661 shares of the bank’s stock worth $526,000 after buying an additional 1,001 shares during the period. 77.31% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $30.00 price objective on shares of Flushing Financial Corporation in a report on Sunday. Piper Jaffray Companies reaffirmed a “hold” rating and set a $30.00 price objective on shares of Flushing Financial Corporation in a report on Thursday, August 3rd. BidaskClub raised shares of Flushing Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, August 4th. Finally, Zacks Investment Research downgraded shares of Flushing Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $30.33.

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Shares of Flushing Financial Corporation (NASDAQ FFIC) opened at 30.79 on Monday. Flushing Financial Corporation has a 12-month low of $20.95 and a 12-month high of $31.96. The company’s 50 day moving average is $28.06 and its 200 day moving average is $27.98. The company has a market capitalization of $897.07 million, a P/E ratio of 17.92 and a beta of 1.11.

Flushing Financial Corporation (NASDAQ:FFIC) last issued its earnings results on Tuesday, July 25th. The bank reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.05. The business had revenue of $45.57 million for the quarter, compared to the consensus estimate of $46.79 million. Flushing Financial Corporation had a net margin of 19.96% and a return on equity of 9.23%. During the same period in the previous year, the company earned $0.39 earnings per share. Analysts expect that Flushing Financial Corporation will post $1.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, September 7th. This represents a $0.72 dividend on an annualized basis and a yield of 2.34%. Flushing Financial Corporation’s payout ratio is 41.62%.

In related news, Director Donna M. Obrien sold 3,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $27.33, for a total transaction of $81,990.00. Following the transaction, the director now directly owns 50,925 shares in the company, valued at $1,391,780.25. The sale was disclosed in a filing with the SEC, which is available through this link. 4.86% of the stock is currently owned by insiders.

Flushing Financial Corporation Profile

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’s subsidiaries include Flushing Preferred Funding Corporation, Flushing Service Corporation and FSB Properties Inc The Company also owns Flushing Financial Capital Trust II, Flushing Financial Capital Trust III and Flushing Financial Capital Trust IV (the Trusts).

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Institutional Ownership by Quarter for Flushing Financial Corporation (NASDAQ:FFIC)

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