Teton Advisors Inc. Sells 1,283 Shares of Flushing Financial Corporation (FFIC)

Teton Advisors Inc. decreased its position in Flushing Financial Corporation (NASDAQ:FFIC) by 0.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 596,300 shares of the company’s stock after selling 1,283 shares during the period. Flushing Financial Corporation makes up about 1.8% of Teton Advisors Inc.’s holdings, making the stock its 3rd largest position. Teton Advisors Inc. owned approximately 2.07% of Flushing Financial Corporation worth $17,525,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Martingale Asset Management L P boosted its stake in shares of Flushing Financial Corporation by 5.0% in the fourth quarter. Martingale Asset Management L P now owns 75,809 shares of the company’s stock valued at $2,229,000 after buying an additional 3,599 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Flushing Financial Corporation by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,182,300 shares of the company’s stock valued at $64,138,000 after buying an additional 54,087 shares in the last quarter. State Street Corp boosted its stake in shares of Flushing Financial Corporation by 8.4% in the fourth quarter. State Street Corp now owns 538,130 shares of the company’s stock valued at $15,816,000 after buying an additional 41,711 shares in the last quarter. Fusion Family Wealth LLC acquired a new stake in shares of Flushing Financial Corporation during the fourth quarter valued at about $597,000. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of Flushing Financial Corporation by 16.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,343,460 shares of the company’s stock valued at $68,874,000 after buying an additional 322,708 shares in the last quarter. 78.61% of the stock is owned by institutional investors and hedge funds.

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

Flushing Financial Corporation (NASDAQ:FFIC) traded up 1.60% during trading on Monday, reaching $28.52. 41,298 shares of the company’s stock traded hands. The firm has a market capitalization of $822.77 million, a PE ratio of 12.73 and a beta of 1.03. The firm has a 50 day moving average of $28.53 and a 200 day moving average of $25.18. Flushing Financial Corporation has a 1-year low of $18.95 and a 1-year high of $31.96.

Flushing Financial Corporation (NASDAQ:FFIC) last released its earnings results on Tuesday, January 31st. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. Flushing Financial Corporation had a net margin of 23.31% and a return on equity of 8.71%. During the same quarter last year, the business earned $0.42 earnings per share. Equities analysts forecast that Flushing Financial Corporation will post $1.56 EPS for the current year.

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Several research firms have weighed in on FFIC. Zacks Investment Research upgraded shares of Flushing Financial Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, January 4th. Gabelli lowered shares of Flushing Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, November 11th.

In other Flushing Financial Corporation news, Director Louis C. Grassi sold 4,800 shares of the business’s stock in a transaction on Friday, December 16th. The shares were sold at an average price of $28.40, for a total transaction of $136,320.00. Following the completion of the sale, the director now owns 74,136 shares in the company, valued at $2,105,462.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Maria A. Grasso sold 6,000 shares of the business’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $27.27, for a total transaction of $163,620.00. Following the sale, the chief operating officer now owns 84,223 shares of the company’s stock, valued at approximately $2,296,761.21. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,089 shares of company stock valued at $509,280. 5.85% of the stock is owned by insiders.

Flushing Financial Corporation Company Profile

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 owns three subsidiaries: Flushing Preferred Funding Corporation (FPFC), Flushing Service Corporation, and FSB Properties Inc (Properties).

5 Day Chart for NASDAQ:FFIC

Want to see what other hedge funds are holding FFIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flushing Financial Corporation (NASDAQ:FFIC).

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