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 Ratio2.32
Current Ratio1.17
Quick Ratio1.17
Price-To-Earnings
Trailing P/E Ratio16.48
Forward P/E Ratio13.91
P/E Growth1.22
Sales & Book Value
Annual Sales$244.95 million
Price / Sales2.99
Cash Flow$2.0581 per share
Price / Cash12.57
Book Value$18.48 per share
Price / Book1.40
Profitability
EPS (Most Recent Fiscal Year)$1.57
Net Income$41.12 million
Net Margins16.32%
Return on Equity8.45%
Return on Assets0.71%
Miscellaneous
Employees467
Outstanding Shares28,300,000
Market Cap$717.01 million
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. Investors of record on Monday, June 11th will be given a dividend of $0.20 per share on Friday, June 29th. This represents a $0.80 annualized dividend and a yield of 3.09%. 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 announced that its board has authorized a share buyback program on Wednesday, February 28th 2018, which authorizes the company to repurchase 1,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.
How were Flushing Financial's earnings last quarter?
Flushing Financial Co. (NASDAQ:FFIC) issued its quarterly earnings results on Tuesday, July, 24th. The bank reported $0.49 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.48 by $0.01. The bank had revenue of $45.81 million for the quarter, compared to the consensus estimate of $45.10 million. Flushing Financial had a net margin of 16.32% and a return on equity of 8.45%. 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 shares. Their forecasts range from $26.50 to $31.00. On average, they expect Flushing Financial's stock price to reach $28.8750 in the next year. This suggests a possible upside of 11.6% from the stock's current price. View Analyst Price Targets 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." View Analyst Ratings for Flushing Financial.
Who are some of Flushing Financial's key competitors?
Some companies that are related to Flushing Financial include Union Bankshares (UBSH), CVB Financial (CVBF), Great Western Bancorp (GWB), First Interstate Bancsystem (FIBK), United Community Banks (UCBI), Independent Bank (INDB), Pacific Premier Bancorp (PPBI), Ameris Bancorp (ABCB), TowneBank (TOWN), Renasant (RNST), ServisFirst Bancshares (SFBS), Independent Bank Group (IBTX), Banner (BANR), Heartland Financial USA (HTLF) and Hilltop (HTH).
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?
Media stories about FFIC stock have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Flushing Financial earned a media and rumor sentiment score of 0.06 on Accern's scale. They also gave media headlines about the bank an impact score of 47.70 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. View Recent Headlines for Flushing Financial.
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 Dimensional Fund Advisors LP (8.42%), Frontier Capital Management Co. LLC (8.14%), BlackRock Inc. (7.17%), Gamco Investors INC. ET AL (3.94%), Teton Advisors Inc. (2.21%) and Gabelli Funds LLC (1.92%). Company insiders that own Flushing Financial stock include Brewer M Allen, Caterina Depasquale, Donna M Obrien, Francis W Korzekwinski, James Davison Bennett, Jeoung Jin, John E Sr Roe Sr, John R Buran, Louis C Grassi, 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 Frontier Capital Management Co. LLC, Hennessy Advisors Inc., Boston Partners, LSV Asset Management, Legal & General Group Plc, Bank of America Corp DE and Bank of New York Mellon Corp. Company insiders that have sold Flushing Financial company stock in the last year include Donna M Obrien, Francis W Korzekwinski, John E Sr Roe Sr and Sam Sang Ki Han. View Insider Buying and Selling 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 Renaissance Technologies LLC, BlackRock Inc., Gamco Investors INC. ET AL, Dimensional Fund Advisors LP, Schwab Charles Investment Management Inc., Mackay Shields LLC, GSA Capital Partners LLP and Citadel Advisors 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 $25.87.
How big of a company is Flushing Financial?
Flushing Financial has a market capitalization of $717.01 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.
