Sageworth Trust Co Purchases New Position in Flushing Financial Co. (NASDAQ:FFIC)

Sageworth Trust Co purchased a new stake in shares of Flushing Financial Co. (NASDAQ:FFIC) in the fourth quarter, Holdings Channel.com reports. The firm purchased 10,000 shares of the bank’s stock, valued at approximately $143,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in shares of Flushing Financial by 0.7% during the third quarter. Geode Capital Management LLC now owns 694,216 shares of the bank’s stock valued at $10,124,000 after buying an additional 5,128 shares during the last quarter. Verition Fund Management LLC bought a new position in Flushing Financial during the 3rd quarter valued at $4,936,000. Charles Schwab Investment Management Inc. boosted its holdings in Flushing Financial by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,236 shares of the bank’s stock worth $3,401,000 after acquiring an additional 4,876 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Flushing Financial by 59.3% in the 3rd quarter. GSA Capital Partners LLP now owns 107,142 shares of the bank’s stock worth $1,562,000 after acquiring an additional 39,872 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Flushing Financial by 5.4% in the third quarter. Empowered Funds LLC now owns 92,312 shares of the bank’s stock valued at $1,346,000 after purchasing an additional 4,690 shares during the last quarter. 67.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Flushing Financial from a “hold” rating to a “sell” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.50.

Flushing Financial Stock Up 0.5 %

FFIC stock opened at $14.70 on Friday. Flushing Financial Co. has a 1-year low of $10.74 and a 1-year high of $18.59. The stock has a market cap of $494.79 million, a P/E ratio of -14.55 and a beta of 0.81. The stock’s fifty day simple moving average is $14.98 and its two-hundred day simple moving average is $15.02. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.27.

Flushing Financial (NASDAQ:FFIC) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.07). Flushing Financial had a negative net margin of 6.46% and a positive return on equity of 3.25%. Analysts expect that Flushing Financial Co. will post 1.24 EPS for the current year.

Flushing Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.99%. Flushing Financial’s dividend payout ratio (DPR) is presently -87.13%.

Flushing Financial Profile

Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. It offers various deposit products, including checking and savings accounts, money market accounts, non-interest bearing demand accounts, NOW accounts, and certificates of deposit.