California State Teachers Retirement System trimmed its holdings in Flushing Financial Co. (NASDAQ:FFIC) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,425 shares of the bank’s stock after selling 4,739 shares during the period. California State Teachers Retirement System’s holdings in Flushing Financial were worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. OxFORD Asset Management LLP acquired a new position in shares of Flushing Financial during the third quarter worth about $298,000. Dimensional Fund Advisors LP boosted its position in shares of Flushing Financial by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,303,474 shares of the bank’s stock worth $68,460,000 after buying an additional 23,273 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Flushing Financial by 5.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 135,543 shares of the bank’s stock worth $4,029,000 after buying an additional 7,382 shares during the period. Wells Fargo & Company MN boosted its position in shares of Flushing Financial by 36.5% during the third quarter. Wells Fargo & Company MN now owns 41,469 shares of the bank’s stock worth $1,232,000 after buying an additional 11,088 shares during the period. Finally, Macquarie Group Ltd. boosted its position in shares of Flushing Financial by 9.3% during the third quarter. Macquarie Group Ltd. now owns 492,883 shares of the bank’s stock worth $14,649,000 after buying an additional 41,965 shares during the period. 77.36% of the stock is owned by hedge funds and other institutional investors.

Flushing Financial Co. (NASDAQ:FFIC) opened at $29.40 on Wednesday. Flushing Financial Co. has a 52-week low of $24.27 and a 52-week high of $31.69. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.23. The company has a market capitalization of $836.64, a P/E ratio of 17.19, a P/E/G ratio of 1.60 and a beta of 1.07.

Flushing Financial (NASDAQ:FFIC) last issued its quarterly earnings results on Tuesday, October 31st. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.07). Flushing Financial had a net margin of 19.50% and a return on equity of 9.04%. The company had revenue of $44.70 million for the quarter. equities analysts predict that Flushing Financial Co. will post 1.67 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were given a dividend of $0.18 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.72 annualized dividend and a yield of 2.45%. Flushing Financial’s dividend payout ratio (DPR) is presently 42.11%.

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $30.00 price objective on shares of Flushing Financial in a research report on Sunday, October 8th. Zacks Investment Research raised Flushing Financial from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Friday, November 3rd. Sandler O’Neill cut Flushing Financial from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research report on Thursday, November 30th. They noted that the move was a valuation call. ValuEngine raised Flushing Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $28.00 price objective on shares of Flushing Financial in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $30.25.

In related news, Director John E. Sr Roe, Sr. sold 3,629 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $26.98, for a total transaction of $97,910.42. Following the completion of the transaction, the director now directly owns 66,434 shares of the company’s stock, valued at $1,792,389.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John E. Sr Roe, Sr. sold 7,429 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $27.06, for a total value of $201,028.74. Following the transaction, 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. Insiders have sold 16,058 shares of company stock valued at $443,589 over the last three months. Insiders own 4.86% of the company’s stock.

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Flushing Financial 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 (NASDAQ:FFIC)

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