Metropolitan Life Insurance Co. NY reduced its position in Flushing Financial Corporation (NASDAQ:FFIC) by 8.1% during the first quarter, Holdings Channel reports. The firm owned 19,485 shares of the bank’s stock after selling 1,710 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Flushing Financial Corporation were worth $524,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. AlphaOne Investment Services LLC raised its stake in Flushing Financial Corporation by 0.8% in the first quarter. AlphaOne Investment Services LLC now owns 107,446 shares of the bank’s stock worth $2,888,000 after buying an additional 884 shares during the period. Teachers Advisors LLC raised its position in shares of Flushing Financial Corporation by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 50,049 shares of the bank’s stock worth $1,471,000 after buying an additional 1,034 shares during the period. Mutual of America Capital Management LLC raised its position in shares of Flushing Financial Corporation by 0.7% in the first quarter. Mutual of America Capital Management LLC now owns 151,541 shares of the bank’s stock worth $4,072,000 after buying an additional 1,127 shares during the period. American International Group Inc. raised its position in shares of Flushing Financial Corporation by 7.1% in the first quarter. American International Group Inc. now owns 17,106 shares of the bank’s stock worth $460,000 after buying an additional 1,129 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of Flushing Financial Corporation by 1.3% in the first quarter. Parametric Portfolio Associates LLC now owns 116,086 shares of the bank’s stock worth $3,119,000 after buying an additional 1,454 shares during the period. 77.29% of the stock is currently owned by institutional investors.

Shares of Flushing Financial Corporation (NASDAQ:FFIC) traded down 2.2981% during trading on Friday, hitting $26.9071. 15,095 shares of the stock were exchanged. The stock’s 50 day moving average price is $28.32 and its 200-day moving average price is $28.00. Flushing Financial Corporation has a one year low of $20.95 and a one year high of $31.96. The company has a market cap of $783.94 million, a price-to-earnings ratio of 15.6619 and a beta of 1.11.

Flushing Financial Corporation (NASDAQ:FFIC) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The business had revenue of $45.57 million for the quarter, compared to the consensus estimate of $46.79 million. Flushing Financial Corporation had a net margin of 19.96% and a return on equity of 9.23%. During the same period in the previous year, the firm earned $0.39 EPS. On average, analysts predict that Flushing Financial Corporation will post $1.74 EPS for the current year.

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A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $30.00 target price on shares of Flushing Financial Corporation in a research report on Thursday. BidaskClub raised shares of Flushing Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $30.00 target price on shares of Flushing Financial Corporation in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Flushing Financial Corporation from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Friday, July 28th. Finally, ValuEngine raised shares of Flushing Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $29.00.

In other news, COO Maria A. Grasso sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $26.77, for a total value of $107,080.00. Following the sale, the chief operating officer now directly owns 74,223 shares of the company’s stock, valued at approximately $1,986,949.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.86% of the stock is currently owned by insiders.

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).

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

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