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
Industry State commercial banks
Sub-IndustryThrifts & Mortgage Finance
SectorFinance
Phone718-961-5400
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$244.95 million
Profitability
Miscellaneous
Employees467
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, November 21st. Shareholders of record on Friday, December 7th will be given a dividend of $0.20 per share on Friday, December 28th. This represents a $0.80 annualized dividend and a yield of 3.57%. The ex-dividend date is Thursday, December 6th. 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 buyback program on Wednesday, February 28th 2018, which permits the company to repurchase 1,000,000 shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.
How were Flushing Financial's earnings last quarter?
Flushing Financial Co. (NASDAQ:FFIC) announced its quarterly earnings data on Tuesday, October, 23rd. The bank reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.48 by $0.06. The bank earned $46.48 million during the quarter, compared to analyst estimates of $44.70 million. Flushing Financial had a net margin of 18.44% and a return on equity of 9.27%. 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 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 twelve months. This suggests a possible upside of 30.1% 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 headlines about FFIC stock have trended somewhat positive this week, according to InfoTrie. InfoTrie scores the sentiment of press coverage by reviewing 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 five, with scores nearest to five being the most favorable. Flushing Financial earned a news impact score of 1.7 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future.
Who are some of Flushing Financial's key competitors?
Some companies that are related to Flushing Financial include South State (SSB), International Bancshares (IBOC), First Interstate Bancsystem (FIBK), Union Bankshares (UBSH), Independent Bank (INDB), First Bancorp (FBP), Renasant (RNST), Great Western Bancorp (GWB), United Community Banks (UCBI), TowneBank (TOWN), Hilltop (HTH), ServisFirst Bancshares (SFBS), Eagle Bancorp (EGBN), Banner (BANR) and Pacific Premier Bancorp (PPBI).
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)
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 $22.42.
How big of a company is Flushing Financial?
Flushing Financial has a market capitalization of $630.03 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.
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.
