Swiss National Bank continued to hold its position in Flushing Financial Corporation (NASDAQ:FFIC) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,823 shares of the bank’s stock at the close of the 2nd quarter. Swiss National Bank owned approximately 0.15% of Flushing Financial Corporation worth $1,264,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FFIC. Wells Fargo & Company MN increased its stake in shares of Flushing Financial Corporation by 7.8% during the first quarter. Wells Fargo & Company MN now owns 30,151 shares of the bank’s stock worth $810,000 after buying an additional 2,172 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Flushing Financial Corporation by 4.7% during the first quarter. Bank of New York Mellon Corp now owns 215,460 shares of the bank’s stock worth $5,790,000 after buying an additional 9,666 shares during the period. Karp Capital Management Corp purchased a new stake in shares of Flushing Financial Corporation during the first quarter worth approximately $251,000. Parametric Portfolio Associates LLC increased its stake in shares of Flushing Financial Corporation by 1.3% during the first quarter. Parametric Portfolio Associates LLC now owns 116,086 shares of the bank’s stock worth $3,119,000 after buying an additional 1,454 shares during the period. Finally, Oxford Asset Management purchased a new stake in shares of Flushing Financial Corporation during the first quarter worth approximately $212,000. Hedge funds and other institutional investors own 77.31% of the company’s stock.

Shares of Flushing Financial Corporation (NASDAQ:FFIC) opened at 30.69 on Friday. Flushing Financial Corporation has a 1-year low of $20.95 and a 1-year high of $31.96. The company’s 50 day moving average is $28.51 and its 200-day moving average is $28.13. The stock has a market capitalization of $894.15 million, a price-to-earnings ratio of 17.86 and a beta of 1.11.

Flushing Financial Corporation (NASDAQ:FFIC) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.46 EPS for the quarter, topping the consensus estimate of $0.41 by $0.05. The firm had revenue of $45.57 million for the quarter, compared to analyst estimates of $46.79 million. Flushing Financial Corporation had a return on equity of 9.23% and a net margin of 19.96%. During the same period in the previous year, the company posted $0.39 EPS. Equities analysts anticipate that Flushing Financial Corporation will post $1.74 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, September 7th. Flushing Financial Corporation’s payout ratio is 41.62%.

FFIC has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Flushing Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Piper Jaffray Companies restated a “hold” rating and set a $28.00 target price on shares of Flushing Financial Corporation in a research note on Friday, July 14th. BidaskClub upgraded shares of Flushing Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $30.00 target price on shares of Flushing Financial Corporation in a research note on Sunday, October 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $30.33.

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In other Flushing Financial Corporation news, Director Donna M. Obrien sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $27.33, for a total value of $81,990.00. Following the transaction, the director now directly owns 50,925 shares of the company’s stock, valued at approximately $1,391,780.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.86% of the company’s stock.

Flushing Financial Corporation Company 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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