Sageworth Trust Co Makes New Investment in Flushing Financial Co. (NASDAQ:FFIC)

Sageworth Trust Co bought a new stake in Flushing Financial Co. (NASDAQ:FFIC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the bank’s stock, valued at approximately $143,000.

Other hedge funds have also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Flushing Financial during the 4th quarter worth approximately $28,000. Nisa Investment Advisors LLC grew its stake in shares of Flushing Financial by 4,000.0% in the third quarter. Nisa Investment Advisors LLC now owns 2,050 shares of the bank’s stock worth $30,000 after purchasing an additional 2,000 shares during the last quarter. FMR LLC increased its holdings in Flushing Financial by 64.1% in the third quarter. FMR LLC now owns 7,259 shares of the bank’s stock valued at $106,000 after purchasing an additional 2,836 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Flushing Financial in the third quarter valued at $171,000. Finally, CWM LLC raised its position in Flushing Financial by 136.6% during the 3rd quarter. CWM LLC now owns 13,093 shares of the bank’s stock worth $191,000 after purchasing an additional 7,559 shares during the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

Flushing Financial Price Performance

FFIC stock opened at $14.70 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.27. The firm has a market cap of $494.79 million, a price-to-earnings ratio of -14.55 and a beta of 0.81. The company’s fifty day simple moving average is $14.98 and its 200 day simple moving average is $15.02. Flushing Financial Co. has a 12-month low of $10.74 and a 12-month high of $18.59.

Flushing Financial (NASDAQ:FFIC) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, analysts expect that Flushing Financial Co. will post 1.24 earnings per share for the current year.

Flushing Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Flushing Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Flushing Financial presently has a consensus rating of “Hold” and a consensus target price of $15.50.

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.