NASDAQ:FFIC - Flushing Financial Stock Price, News, & Analysis

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$21.14 -0.68 (-3.12 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$21.82
Today's Range$20.73 - $21.70
52-Week Range$20.27 - $28.37
Volume95,373 shs
Average Volume49,673 shs
Market Capitalization$595.87 million
P/E Ratio10.90
Dividend Yield3.85%
Beta0.88
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. The company offers various deposit products, including checking and savings accounts, money market accounts, demand accounts, NOW accounts, and certificates of deposit. It also provides mortgage loans secured by multi-family residential, commercial real estate, one-to-four family mixed-use property, one-to-four family residential property, and commercial business loans; construction loans; small business administration loans and other small business loans; mortgage loan surrogates, such as mortgage-backed securities; and consumer loans, including overdraft lines of credit, as well as the United States government securities, corporate fixed-income securities, and other marketable securities. In addition, Flushing Financial Corporation offers banking services to public entities comprising counties, cities, towns, villages, school districts, libraries, fire districts, and various courts. As of December 31, 2017, the company operated 18 full-service offices located in the New York City boroughs of Queens, Brooklyn, and Manhattan; and in Nassau County, New York, as well as an Internet branch. Flushing Financial Corporation was founded in 1929 and is based in Uniondale, New York.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Current SymbolNASDAQ:FFIC
CUSIP34387310
Phone718-961-5400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$267.33 million
Cash Flow$2.3968 per share
Book Value$19.62 per share

Profitability

Net Income$55.09 million

Miscellaneous

EmployeesN/A
Market Cap$595.87 million
Next Earnings Date4/23/2019 (Estimated)
OptionableOptionable

Flushing Financial (NASDAQ:FFIC) Frequently Asked Questions

What is Flushing Financial's stock symbol?

Flushing Financial trades on the NASDAQ under the ticker symbol "FFIC."

How often does Flushing Financial pay dividends? What is the dividend yield for Flushing Financial?

Flushing Financial declared a quarterly dividend on Wednesday, February 27th. Shareholders of record on Friday, March 15th will be given a dividend of $0.21 per share on Friday, March 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Flushing Financial's previous quarterly dividend of $0.20. View Flushing Financial's Dividend History.

How will Flushing Financial's stock buyback program work?

Flushing Financial announced that its board has approved a share repurchase program on Wednesday, February 28th 2018, which authorizes the company to repurchase 1,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its stock is undervalued.

How were Flushing Financial's earnings last quarter?

Flushing Financial Co. (NASDAQ:FFIC) issued its quarterly earnings results on Thursday, January, 31st. The bank reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. The bank had revenue of $36.65 million for the quarter, compared to analysts' expectations of $44.20 million. Flushing Financial had a return on equity of 10.27% and a net margin of 20.61%. View Flushing Financial's Earnings History.

When is Flushing Financial's next earnings date?

Flushing Financial is scheduled to release their next quarterly earnings announcement on Tuesday, April 23rd 2019. View Earnings Estimates for Flushing Financial.

What price target have analysts set for FFIC?

3 Wall Street analysts have issued 1 year price objectives for Flushing Financial's shares. Their forecasts range from $26.50 to $31.00. On average, they expect Flushing Financial's share price to reach $29.1667 in the next year. This suggests a possible upside of 38.0% from the stock's current price. View Analyst Price Targets for Flushing Financial.

What is the consensus analysts' recommendation for Flushing Financial?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flushing Financial in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Flushing Financial.

Has Flushing Financial been receiving favorable news coverage?

Headlines about FFIC stock have been trending positive recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Flushing Financial earned a news impact score of 2.2 on InfoTrie's scale. They also gave media headlines about the bank a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days.

Who are some of Flushing Financial's key competitors?

What other stocks do shareholders of Flushing Financial own?

Who are Flushing Financial's key executives?

Flushing Financial's management team includes the folowing people:
  • Mr. John R. Buran, Pres, CEO & Director (Age 70)
  • Ms. Susan K. Cullen, Sr. EVP, Treasurer & CFO (Age 53)
  • Ms. Maria A. Grasso, Sr. EVP, COO & Corp. Sec. (Age 55)
  • Mr. Francis W. Korzekwinski, Sr. EVP & Chief of Real Estate Lending (Age 56)
  • Ms. Theresa Kelly, Exec. VP of Bus. Banking (Age 58)

Who are Flushing Financial's major shareholders?

Flushing Financial's stock is owned by a number of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (8.50%), BlackRock Inc. (7.57%), Northern Trust Corp (4.12%), Gamco Investors INC. ET AL (3.87%), Teton Advisors Inc. (2.24%) and Gabelli Funds LLC (1.95%). Company insiders that own Flushing Financial stock include Donna M Obrien, Francis W Korzekwinski, John E Sr Roe Sr, Maria A Grasso, Sam Sang Ki Han and Susan Cullen. View Institutional Ownership Trends for Flushing Financial.

Which institutional investors are selling Flushing Financial stock?

FFIC stock was sold by a variety of institutional investors in the last quarter, including Gamco Investors INC. ET AL, GSA Capital Partners LLP, D. E. Shaw & Co. Inc., AlphaOne Investment Services LLC, First Trust Advisors LP, Dimensional Fund Advisors LP, MetLife Investment Advisors LLC and Two Sigma Advisers LP. Company insiders that have sold Flushing Financial company stock in the last year include Francis W Korzekwinski and Maria A Grasso. View Insider Buying and Selling for Flushing Financial.

Which institutional investors are buying Flushing Financial stock?

FFIC stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., Municipal Employees Retirement System of Michigan, Oberweis Asset Management Inc., Geode Capital Management LLC, Geode Capital Management LLC, Millennium Management LLC and United Services Automobile Association. View Insider Buying and Selling for Flushing Financial.

How do I buy shares of Flushing Financial?

Shares of FFIC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Flushing Financial's stock price today?

One share of FFIC stock can currently be purchased for approximately $21.14.

How big of a company is Flushing Financial?

Flushing Financial has a market capitalization of $595.87 million and generates $267.33 million in revenue each year. The bank earns $55.09 million in net income (profit) each year or $1.94 on an earnings per share basis.

What is Flushing Financial's official website?

The official website for Flushing Financial is http://www.flushingbank.com.

How can I contact Flushing Financial?

Flushing Financial's mailing address is 220 RXR Plaza, Uniondale NY, 11556. The bank can be reached via phone at 718-961-5400 or via email at [email protected]


MarketBeat Community Rating for Flushing Financial (NASDAQ FFIC)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  171 (Vote Outperform)
Underperform Votes:  285 (Vote Underperform)
Total Votes:  456
MarketBeat's community ratings are surveys of what our community members think about Flushing Financial and other stocks. Vote "Outperform" if you believe FFIC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FFIC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/22/2019 by MarketBeat.com Staff

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