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.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Phone718-961-5400
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$267.33 million
Profitability
Miscellaneous
Employees456
Next Earnings Date7/23/2019 (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 announced a quarterly dividend on Wednesday, February 27th. Investors of record on Friday, March 15th will be paid a dividend of $0.21 per share on Friday, March 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Thursday, March 14th. This is a positive change 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 of Directors has authorized a share buyback plan on Wednesday, February 28th 2018, which allows the company to buyback 1,000,000 shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically 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 earnings results on Tuesday, April, 30th. The bank reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.39 by $0.06. The bank had revenue of $42.75 million for the quarter, compared to the consensus estimate of $43.70 million. Flushing Financial had a net margin of 18.51% and a return on equity of 9.93%. View Flushing Financial's Earnings History.
When is Flushing Financial's next earnings date?
What price target have analysts set for FFIC?
3 Wall Street analysts have issued 12 month target prices for Flushing Financial's shares. Their forecasts range from $26.50 to $30.00. On average, they anticipate Flushing Financial's stock price to reach $28.25 in the next year. This suggests a possible upside of 29.6% 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?
Media stories about FFIC stock have been trending somewhat positive on Sunday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Flushing Financial earned a daily sentiment score of 1.9 on InfoTrie's scale. They also gave news stories about the bank a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are some of Flushing Financial's key competitors?
Some companies that are related to Flushing Financial include First Interstate Bancsystem (FIBK), Independent Bank Group (IBTX), First Bancorp (FBP), United Community Banks (UCBI), Renasant (RNST), Great Western Bancorp (GWB), Hilltop (HTH), Pacific Premier Bancorp (PPBI), Eagle Bancorp (EGBN), Banner (BANR), TowneBank (TOWN), ServisFirst Bancshares (SFBS), Ameris Bancorp (ABCB), Heartland Financial USA (HTLF) and First Busey (BUSE).
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 variety of of retail and institutional investors. Top institutional shareholders include Frontier Capital Management Co. LLC (9.09%), Dimensional Fund Advisors LP (8.39%), Wellington Management Group LLP (7.69%), BlackRock Inc. (7.31%), Northern Trust Corp (4.09%) and Goldman Sachs Group Inc. (4.03%). 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 major investors are selling Flushing Financial stock?
FFIC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., AlphaOne Investment Services LLC, Morgan Stanley, Dimensional Fund Advisors LP, California Public Employees Retirement System, ClariVest Asset Management LLC, JPMorgan Chase & Co. and LSV Asset Management. 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 major investors are buying Flushing Financial stock?
FFIC stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Frontier Capital Management Co. LLC, Geode Capital Management LLC, Goldman Sachs Group Inc., SEI Investments Co, Wedge Capital Management L L P NC, O Shaughnessy Asset Management LLC and SG Americas Securities LLC. 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 $21.80.
How big of a company is Flushing Financial?
Flushing Financial has a market capitalization of $614.54 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. Flushing Financial employs 456 workers across the globe.
What is Flushing Financial's official website?
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.
