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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
SymbolNASDAQ:FFIC
CUSIP34387310
Phone718-961-5400
Debt
Debt-to-Equity Ratio2.20
Current Ratio1.15
Quick Ratio1.15
Price-To-Earnings
Trailing P/E Ratio16.99
Forward P/E Ratio14.12
P/E Growth1.33
Sales & Book Value
Annual Sales$244.95 million
Price / Sales3.11
Cash Flow$2.0650 per share
Price / Cash12.92
Book Value$18.48 per share
Price / Book1.44
Profitability
EPS (Most Recent Fiscal Year)$1.57
Net Income$41.12 million
Net Margins16.24%
Return on Equity8.36%
Return on Assets0.71%
Miscellaneous
Employees467
Outstanding Shares28,520,000
Market Cap$742.71
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 announced a quarterly dividend on Wednesday, May 30th. Shareholders of record on Monday, June 11th will be paid a dividend of $0.20 per share on Friday, June 29th. This represents a $0.80 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Friday, June 8th. View Flushing Financial's Dividend History.
How will Flushing Financial's stock buyback program work?
Flushing Financial declared that its board has approved a share buyback plan on Wednesday, February 28th 2018, which authorizes the company to buyback 1,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.
How were Flushing Financial's earnings last quarter?
Flushing Financial Co. (NASDAQ:FFIC) issued its earnings results on Tuesday, April, 24th. The bank reported $0.37 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.07. The bank earned $45.81 million during the quarter. Flushing Financial had a return on equity of 8.36% and a net margin of 16.24%. View Flushing Financial's Earnings History.
When is Flushing Financial's next earnings date?
What price target have analysts set for FFIC?
4 brokers have issued 1-year price objectives for Flushing Financial's stock. Their forecasts range from $28.00 to $31.00. On average, they anticipate Flushing Financial's share price to reach $30.00 in the next year. This suggests a possible upside of 12.6% from the stock's current price. View Analyst Ratings for Flushing Financial.
What is the consensus analysts' recommendation for Flushing Financial?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Flushing Financial in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
Who are some of Flushing Financial's key competitors?
Some companies that are related to Flushing Financial include Columbia Banking System (COLB), International Bancshares (IBOC), Union Bankshares (UBSH), CVB Financial (CVBF), Great Western Bancorp (GWB), First Interstate BancSystem (FIBK), United Community Banks (UCBI), TowneBank (TOWN), ServisFirst Bancshares (SFBS), Renasant (RNST), Independent Bank (INDB), Hilltop (HTH), Eagle Bancorp (EGBN), Ameris Bancorp (ABCB) and Banner (BANR).
Who are Flushing Financial's key executives?
Flushing Financial's management team includes the folowing people:
- Mr. John R. Buran, Pres, CEO & Director (Age 69)
- Ms. Susan K. Cullen, Sr. EVP, Treasurer & CFO (Age 52)
- Ms. Maria A. Grasso, Sr. EVP, COO & Corp. Sec. (Age 54)
- Mr. Francis W. Korzekwinski, Sr. EVP & Chief of Real Estate Lending (Age 55)
- Ms. Theresa Kelly, Exec. VP of Bus. Banking (Age 57)
Has Flushing Financial been receiving favorable news coverage?
News coverage about FFIC stock has been trending somewhat positive on Tuesday, according to Accern. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Flushing Financial earned a media sentiment score of 0.10 on Accern's scale. They also assigned news headlines about the bank an impact score of 46.62 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
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 $26.65.
How big of a company is Flushing Financial?
Flushing Financial has a market capitalization of $742.71 million and generates $244.95 million in revenue each year. The bank earns $41.12 million in net income (profit) each year or $1.57 on an earnings per share basis. Flushing Financial employs 467 workers across the globe.
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)
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.
