California State Teachers Retirement System cut its holdings in Flushing Financial Corporation (NASDAQ:FFIC) by 10.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,164 shares of the bank’s stock after selling 5,598 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Flushing Financial Corporation worth $1,386,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Frontier Capital Management Co. LLC increased its stake in shares of Flushing Financial Corporation by 1.0% in the second quarter. Frontier Capital Management Co. LLC now owns 2,438,930 shares of the bank’s stock valued at $68,753,000 after buying an additional 24,023 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Flushing Financial Corporation by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,280,201 shares of the bank’s stock valued at $64,279,000 after buying an additional 42,454 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Flushing Financial Corporation by 3.2% in the second quarter. Vanguard Group Inc. now owns 1,365,993 shares of the bank’s stock valued at $38,507,000 after buying an additional 42,787 shares in the last quarter. Northern Trust Corp increased its stake in shares of Flushing Financial Corporation by 2.3% in the second quarter. Northern Trust Corp now owns 1,188,930 shares of the bank’s stock valued at $33,516,000 after buying an additional 26,309 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Flushing Financial Corporation by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 680,775 shares of the bank’s stock valued at $19,191,000 after buying an additional 8,096 shares in the last quarter. Institutional investors own 76.98% of the company’s stock.

Shares of Flushing Financial Corporation (NASDAQ:FFIC) opened at $27.75 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.23. The company has a market capitalization of $790.82, a PE ratio of 16.83, a P/E/G ratio of 1.60 and a beta of 1.11. Flushing Financial Corporation has a 12-month low of $24.27 and a 12-month high of $31.96.

Flushing Financial Corporation (NASDAQ:FFIC) last announced its quarterly earnings data on Tuesday, October 31st. The bank reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.07). The firm had revenue of $44.70 million during the quarter. Flushing Financial Corporation had a return on equity of 9.04% and a net margin of 19.50%. analysts anticipate that Flushing Financial Corporation will post 1.72 EPS for the current year.

In related news, Director John E. Sr Roe, Sr. sold 7,429 shares of Flushing Financial Corporation stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $27.06, for a total value of $201,028.74. Following the completion of the sale, the director now directly owns 66,434 shares in the company, valued at $1,797,704.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Donna M. Obrien sold 3,000 shares of Flushing Financial Corporation stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $27.33, for a total value of $81,990.00. Following the completion of the sale, the director now owns 50,925 shares of the company’s stock, valued at $1,391,780.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,058 shares of company stock valued at $380,929. Corporate insiders own 4.86% of the company’s stock.

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A number of brokerages have recently weighed in on FFIC. BidaskClub lowered Flushing Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered Flushing Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Piper Jaffray Companies restated a “hold” rating and issued a $30.00 target price on shares of Flushing Financial Corporation in a research note on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 target price on shares of Flushing Financial Corporation in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Flushing Financial Corporation currently has a consensus rating of “Hold” and a consensus target price of $30.00.

About Flushing Financial Corporation

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).

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

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