State Street Corp boosted its holdings in shares of Flushing Financial Corporation (NASDAQ:FFIC) by 13.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 593,185 shares of the bank’s stock after acquiring an additional 69,666 shares during the period. State Street Corp owned about 2.04% of Flushing Financial Corporation worth $16,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. BNP Paribas Arbitrage SA grew its holdings in Flushing Financial Corporation by 277.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,834 shares of the bank’s stock worth $136,000 after acquiring an additional 3,553 shares in the last quarter. Schroder Investment Management Group grew its holdings in 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 acquiring an additional 233 shares in the last quarter. Legal & General Group Plc grew its holdings in Flushing Financial Corporation by 20.8% during the 1st quarter. Legal & General Group Plc now owns 10,239 shares of the bank’s stock worth $276,000 after acquiring an additional 1,761 shares in the last quarter. Aperio Group LLC grew its holdings in Flushing Financial Corporation by 24.3% during the 2nd quarter. Aperio Group LLC now owns 11,621 shares of the bank’s stock worth $328,000 after acquiring an additional 2,271 shares in the last quarter. Finally, Menta Capital LLC grew its holdings in Flushing Financial Corporation by 26.8% during the 2nd quarter. Menta Capital LLC now owns 17,054 shares of the bank’s stock worth $481,000 after acquiring an additional 3,600 shares in the last quarter. Institutional investors own 76.98% of the company’s stock.

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Shares of Flushing Financial Corporation (FFIC) opened at $27.75 on Tuesday. The company has a market cap of $790.82, a PE ratio of 16.83, a price-to-earnings-growth ratio of 1.60 and a beta of 1.11. Flushing Financial Corporation has a 1 year low of $24.27 and a 1 year high of $31.96. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.23.

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

FFIC has been the topic of several recent research reports. BidaskClub cut shares of Flushing Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Zacks Investment Research cut shares of Flushing Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Piper Jaffray Companies reiterated a “hold” rating and set a $28.00 target price on shares of Flushing Financial Corporation in a report on Friday, November 10th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $30.00 target price on shares of Flushing Financial Corporation in a report on Sunday, October 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.00.

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

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).

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

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