Flushing Financial Corporation (NASDAQ:FFIC) Short Interest Down 19.3% in December

Flushing Financial Corporation (NASDAQ:FFIC) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 573,347 shares, a decline of 19.3% from the November 30th total of 710,201 shares. Based on an average trading volume of 282,904 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.8% of the company’s stock are short sold. Currently, 1.8% of the company’s stock are short sold. Based on an average trading volume of 282,904 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Investors Weigh In On Flushing Financial

Large investors have recently added to or reduced their stakes in the stock. CSM Advisors LLC purchased a new position in shares of Flushing Financial in the 2nd quarter worth $4,080,000. Y Intercept Hong Kong Ltd increased its position in Flushing Financial by 396.0% during the second quarter. Y Intercept Hong Kong Ltd now owns 114,595 shares of the bank’s stock valued at $1,361,000 after acquiring an additional 91,489 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Flushing Financial by 20.7% in the first quarter. AQR Capital Management LLC now owns 476,031 shares of the bank’s stock valued at $6,046,000 after acquiring an additional 81,497 shares during the period. Campbell & CO Investment Adviser LLC boosted its position in Flushing Financial by 34.6% in the second quarter. Campbell & CO Investment Adviser LLC now owns 31,466 shares of the bank’s stock worth $374,000 after purchasing an additional 8,083 shares during the last quarter. Finally, AlphaQuest LLC boosted its position in Flushing Financial by 102,390.5% in the second quarter. AlphaQuest LLC now owns 21,523 shares of the bank’s stock worth $256,000 after purchasing an additional 21,502 shares during the last quarter. Institutional investors own 67.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Raymond James Financial lowered Flushing Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday. Zacks Research lowered shares of Flushing Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday. Wall Street Zen cut shares of Flushing Financial from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Flushing Financial in a research note on Monday. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Flushing Financial has an average rating of “Reduce”.

Flushing Financial Trading Down 1.4%

Flushing Financial stock opened at $15.17 on Friday. Flushing Financial has a one year low of $10.65 and a one year high of $17.79. The business’s fifty day moving average is $15.78 and its 200 day moving average is $13.92. The stock has a market capitalization of $512.44 million, a PE ratio of -12.75 and a beta of 0.81. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.92.

Flushing Financial (NASDAQ:FFIC) last issued its earnings results on Tuesday, February 15th. The bank reported $0.58 earnings per share for the quarter. The business had revenue of $54.81 million during the quarter. Flushing Financial had a positive return on equity of 4.98% and a negative net margin of 6.93%. On average, sell-side analysts predict that Flushing Financial will post 1.2 EPS for the current year.

Flushing Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a dividend of $0.22 per share. The ex-dividend date was Friday, December 5th. This represents a $0.88 dividend on an annualized basis and a yield of 5.8%. Flushing Financial’s dividend payout ratio is -73.95%.

About Flushing Financial

Flushing Financial Corporation is the bank holding company for Flushing Bank, a community-oriented financial institution headquartered in Flushing, Queens, New York. Tracing its origins to the founding of Flushing Bank in 1929, the holding company was established in 2006 to support the bank’s growth and diversification. Flushing Financial operates under the Nasdaq ticker FFIC, delivering a full suite of banking services to personal, commercial and institutional customers.

The company’s primary business activities include deposit-taking, consumer and commercial lending, mortgage banking and treasury management.