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NASDAQ:FFICFlushing Financial Stock Price, Forecast & News

$11.26
-0.02 (-0.18 %)
(As of 06/3/2020 04:00 PM ET)
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Today's Range
$11.10
Now: $11.26
$11.72
50-Day Range
$9.40
MA: $11.32
$13.46
52-Week Range
$8.86
Now: $11.26
$22.97
Volume96,900 shs
Average Volume165,362 shs
Market Capitalization$317.64 million
P/E Ratio9.88
Dividend Yield7.46%
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: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.41 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$317.64 million
Next Earnings Date7/28/2020 (Estimated)
OptionableOptionable

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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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FFIC shares have decreased by 27.5% and is now trading at $11.26. 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, July 28th 2020. View our earnings forecast for Flushing Financial.

How were Flushing Financial's earnings last quarter?

Flushing Financial Co. (NASDAQ:FFIC) issued its earnings results on Tuesday, April, 28th. The bank reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.13. The bank earned $37.96 million during the quarter, compared to analysts' expectations of $43.70 million. Flushing Financial had a net margin of 11.66% and a return on equity of 7.65%. View Flushing Financial's earnings history.

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

Flushing Financial announced 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 dividend on an annualized basis and a yield of 7.46%. The ex-dividend date is Thursday, June 11th. View Flushing Financial's dividend history.

What price target have analysts set for FFIC?

2 Wall Street analysts have issued 12-month price targets for Flushing Financial's stock. Their forecasts range from $19.00 to $23.00. On average, they anticipate Flushing Financial's stock price to reach $21.00 in the next year. This suggests a possible upside of 86.5% 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 somewhat negative recently, according to InfoTrie. The research group rates the sentiment of media coverage by monitoring more than six thousand news and blog 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 media sentiment score of -1.4 on InfoTrie's scale. They also gave media headlines about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutFlushing Financial.

Are investors shorting Flushing Financial?

Flushing Financial saw a decline in short interest in May. As of May 15th, there was short interest totaling 285,600 shares, a decline of 6.1% from the April 30th total of 304,100 shares. Based on an average daily volume of 141,700 shares, the short-interest ratio is currently 2.0 days. Approximately 1.1% of the company's shares are sold short. View Flushing Financial's Current Options Chain.

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (7.80%), Wellington Management Group LLP (7.40%), Frontier Capital Management Co. LLC (7.35%), Gamco Investors INC. ET AL (3.74%), Teton Advisors Inc. (2.07%) and State Street Corp (2.04%). 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 major investors are selling Flushing Financial stock?

FFIC stock was sold by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Teton Advisors Inc., BHZ Capital Management LP, UBS Group AG, State Street Corp, Parametric Portfolio Associates LLC, Grantham Mayo Van Otterloo & Co. LLC, and Two Sigma Investments LP. 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 major investors are buying Flushing Financial stock?

FFIC stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Geode Capital Management LLC, Mackay Shields LLC, BlackRock Inc., Los Angeles Capital Management & Equity Research Inc., IndexIQ Advisors LLC, Two Sigma Advisers LP, and Dynamic Technology Lab Private Ltd. 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 $11.26.

How big of a company is Flushing Financial?

Flushing Financial has a market capitalization of $317.64 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 6/4/2020 by MarketBeat.com Staff

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