Boston, MA 09/26/2013 (wallstreetpr) – Lake Success, New York based Flushing Financial Corporation (NASDAQ:FFIC) made an announcement on September 24, that it will be hosting a series of individual institutional investors at Boston on September 26. This event is being facilitated by spotting agency Macquarie and will be addressed by John Buran, the President and CEO of FFIC. He will be seeking more institutional investments into the company by highlighting the company’s recent performance and its strategic road map.
In a related development on September 19, Mario Gabelli one of the key private investor in Flushing filed a form 13 K with SEC indicating that his stock holding in the company has grown to a total of 1.54 million shares which account for 5.13% of 30.11 million total shares outstanding. Mr.Gabelli owns this stock via controlling stakes in three different companies. These are GAMCO which owns 7, 56,766 and translates to 2.51% of the total shares outstanding. Gabelli funds and Teton Advisors are the other two investment firms through which Mr.Gabelli exercises ownership of the reminder 786900 shares which amount to 2.61% of the shares outstanding.
In order to render its stock attractive to both private and institutional investors, FFIC has been aggressive in distributing dividends to its share holders. In context is its August 20 announcement of paying out $0.13 dividend per share to its share holders on record as of September 6. The dividend will be paid out on September 27. In the past year a total of $0.52 dividend was paid out per share which translates to a 2.82% dividend yield.
Flushing Financial Corporation has claims to over $4.6 billion in consolidated assets is the parent company of Flushing Bank. This New York based commercial bank operates through its 17 bank branches and its online banking services.