Shell Asset Management Co. lowered its stake in Flushing Financial Co. (NASDAQ:FFIC – Get Rating) by 21.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,116 shares of the bank’s stock after selling 1,673 shares during the quarter. Shell Asset Management Co.’s holdings in Flushing Financial were worth $118,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of FFIC. Great West Life Assurance Co. Can lifted its stake in Flushing Financial by 29.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 2,740 shares of the bank’s stock valued at $64,000 after buying an additional 628 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Flushing Financial by 1,207.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,108 shares of the bank’s stock valued at $157,000 after buying an additional 7,488 shares in the last quarter. Jump Financial LLC purchased a new stake in Flushing Financial in the 3rd quarter valued at approximately $198,000. SG Americas Securities LLC purchased a new position in shares of Flushing Financial during the 2nd quarter worth $208,000. Finally, Legal & General Group Plc lifted its stake in shares of Flushing Financial by 12.0% during the 2nd quarter. Legal & General Group Plc now owns 12,605 shares of the bank’s stock worth $268,000 after purchasing an additional 1,355 shares during the period. Hedge funds and other institutional investors own 65.76% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Flushing Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 19th.
Flushing Financial Trading Down 0.8 %
Flushing Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend is Thursday, March 9th. Flushing Financial’s dividend payout ratio is presently 35.34%.
Insider Transactions at Flushing Financial
In other news, EVP Francis W. Korzekwinski sold 7,136 shares of the company’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $19.49, for a total transaction of $139,080.64. Following the completion of the sale, the executive vice president now directly owns 73,075 shares in the company, valued at approximately $1,424,231.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.60% of the company’s stock.
Flushing Financial Company Profile
Flushing Financial Corp. operates as a bank holding company, which provides banking and financial services. Its principal business is attracting retail deposits from the general public and investing those deposits together with funds generated from ongoing operations and borrowings, primarily in originations and purchases of multi-family residential properties, commercial business loans, commercial real estate mortgage loans, construction loans, small business administration loans and other small business loans, mortgage loans, U.S.
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