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NASDAQ:FFICFlushing Financial Stock Price, Forecast & News

$11.84
+0.64 (+5.71 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$11.07
Now: $11.84
$11.84
50-Day Range
$9.90
MA: $10.91
$11.72
52-Week Range
$8.86
Now: $11.84
$22.97
Volume105,436 shs
Average Volume136,886 shs
Market Capitalization$334.01 million
P/E Ratio8.46
Dividend Yield7.09%
Beta0.78
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, demand accounts, NOW accounts, and certificates of deposit. The company 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, it offers banking services to public municipalities comprising counties, cities, towns, villages, school districts, libraries, fire districts, and various courts. As of December 31, 2018, the company operated 19 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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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 1.9Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.29 out of 5 stars


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$288.43 million
Cash Flow$2.14 per share
Book Value$20.59 per share

Profitability

Net Income$41.28 million

Miscellaneous

Employees456
Market Cap$334.01 million
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$11.84
+0.64 (+5.71 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Flushing Financial (NASDAQ:FFIC) Frequently Asked Questions

How has Flushing Financial's stock been impacted by COVID-19 (Coronavirus)?

Flushing Financial's stock was trading at $15.54 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FFIC stock has decreased by 23.8% and is now trading at $11.84.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Flushing Financial?

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

When is Flushing Financial's next earnings date?

Flushing Financial is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Flushing Financial
.

How were Flushing Financial's earnings last quarter?

Flushing Financial Co. (NASDAQ:FFIC) released its earnings results on Tuesday, July, 21st. The bank reported $0.36 EPS for the quarter, topping the Zacks' consensus estimate of $0.24 by $0.12. The bank earned $62.45 million during the quarter. Flushing Financial had a net margin of 14.08% and a return on equity of 7.33%.
View Flushing Financial's earnings history
.

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

Flushing Financial declared a quarterly dividend on Tuesday, May 26th. Shareholders of record on Friday, June 12th will be given a dividend of $0.21 per share on Friday, June 26th. This represents a $0.84 annualized dividend and a dividend yield of 7.09%. The ex-dividend date is Thursday, June 11th.
View Flushing Financial's dividend history
.

What price target have analysts set for FFIC?

2 equities research analysts have issued 1-year price objectives for Flushing Financial's shares. Their forecasts range from $19.00 to $23.00. On average, they expect Flushing Financial's share price to reach $21.00 in the next year. This suggests a possible upside of 77.4% from the stock's current price.
View analysts' price targets for Flushing Financial
.

Has Flushing Financial been receiving favorable news coverage?

Press coverage about FFIC stock has trended extremely negative recently, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Flushing Financial earned a daily sentiment score of -4.8 on InfoTrie's scale. They also gave media coverage about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days.
View the latest news about Flushing Financial
.

Are investors shorting Flushing Financial?

Flushing Financial saw a decline in short interest in July. As of July 31st, there was short interest totaling 376,400 shares, a decline of 9.7% from the July 15th total of 416,800 shares. Based on an average trading volume of 148,700 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.4% of the shares of the stock are short sold.
View Flushing Financial's Short Interest
.

Who are some of Flushing Financial's key competitors?

What other stocks do shareholders of Flushing Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Flushing Financial investors own include Main Street Capital (MAIN), Occidental Petroleum (OXY), Wells Fargo & Co (WFC), Archer Daniels Midland (ADM), Boeing (BA), Chipotle Mexican Grill (CMG), Enterprise Products Partners (EPD), QUALCOMM (QCOM), Exxon Mobil (XOM) and AbbVie (ABBV).

Who are Flushing Financial's key executives?

Flushing Financial's management team includes the following 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)

What is Flushing Financial's stock symbol?

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

Who are Flushing Financial's major shareholders?

Flushing Financial's stock is owned by a number of retail and institutional investors. Top institutional investors include Frontier Capital Management Co. LLC (7.46%), LSV Asset Management (1.61%), Mutual of America Capital Management LLC (0.48%), Mackay Shields LLC (0.45%), First Trust Advisors LP (0.24%) and Swiss National Bank (0.20%). Company insiders that own Flushing Financial stock include Francis W Korzekwinski, John R Buran, Maria A Grasso, Michael A Azarian, Sam Sang Ki Han, Susan Cullen and Theresa Kelly.
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 Mutual of America Capital Management LLC, Mackay Shields LLC, LSV Asset Management, and UBS Group AG. Company insiders that have sold Flushing Financial company stock in the last year include Maria A Grasso, and Theresa Kelly.
View insider buying and selling activity for Flushing Financial
.

Which institutional investors are buying Flushing Financial stock?

FFIC stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Russell Investments Group Ltd., Frontier Capital Management Co. LLC, Strs Ohio, Wedge Capital Management L L P NC, SG Americas Securities LLC, WINTON GROUP Ltd, and Zurcher Kantonalbank Zurich Cantonalbank . Company insiders that have bought Flushing Financial stock in the last two years include John R Buran, Michael A Azarian, Sam Sang Ki Han, and Susan Cullen.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Flushing Financial's stock price today?

One share of FFIC stock can currently be purchased for approximately $11.84.

How big of a company is Flushing Financial?

Flushing Financial has a market capitalization of $334.01 million and generates $288.43 million in revenue each year. The bank earns $41.28 million in net income (profit) each year or $1.65 on an earnings per share basis. Flushing Financial employs 456 workers across the globe.

What is Flushing Financial's official website?

The official website for Flushing Financial is 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]

This page was last updated on 8/9/2020 by MarketBeat.com Staff

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