Dana Investment Advisors Inc. Purchases 20,558 Shares of Flushing Financial Co. (NASDAQ:FFIC)

Dana Investment Advisors Inc. increased its holdings in Flushing Financial Co. (NASDAQ:FFIC) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 426,060 shares of the bank’s stock after purchasing an additional 20,558 shares during the period. Dana Investment Advisors Inc. owned approximately 1.27% of Flushing Financial worth $6,084,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FFIC. Geode Capital Management LLC grew its stake in shares of Flushing Financial by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 694,216 shares of the bank’s stock worth $10,124,000 after buying an additional 5,128 shares in the last quarter. Verition Fund Management LLC purchased a new position in Flushing Financial in the third quarter worth about $4,936,000. Bank of New York Mellon Corp grew its position in Flushing Financial by 36.0% in the fourth quarter. Bank of New York Mellon Corp now owns 257,765 shares of the bank’s stock worth $3,681,000 after acquiring an additional 68,260 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Flushing Financial by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 234,974 shares of the bank’s stock worth $3,355,000 after acquiring an additional 1,738 shares during the last quarter. Finally, Stieven Capital Advisors L.P. purchased a new stake in Flushing Financial during the fourth quarter valued at approximately $3,344,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Flushing Financial from a “hold” rating to a “sell” rating in a report on Friday, January 31st.

Flushing Financial Price Performance

FFIC stock opened at $13.63 on Friday. The stock has a market cap of $458.77 million, a PE ratio of -13.50 and a beta of 0.79. Flushing Financial Co. has a 12 month low of $10.74 and a 12 month high of $18.59. The company has a 50-day moving average price of $14.44 and a 200 day moving average price of $15.07. 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 announced its earnings results on Tuesday, January 28th. The bank reported $0.14 earnings per share (EPS) 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%. Equities research analysts anticipate that Flushing Financial Co. will post 1.2 earnings per share for the current year.

Flushing Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.46%. The ex-dividend date of this dividend is Friday, March 14th. 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.