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
SymbolNASDAQ:FFIC
CUSIP34387310
Phone718-961-5400
Debt
Debt-to-Equity Ratio2.20
Current Ratio1.15
Quick Ratio1.15
Price-To-Earnings
Trailing P/E Ratio17.64
Forward P/E Ratio14.66
P/E Growth1.37
Sales & Book Value
Annual Sales$244.95 million
Price / Sales3.23
Cash Flow$2.0765 per share
Price / Cash13.34
Book Value$18.48 per share
Price / Book1.50
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
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 declared a quarterly dividend on Wednesday, May 30th. Shareholders 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 2.89%. 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 stock repurchase 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 purchase 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 quarterly earnings results on Tuesday, April, 24th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.44 by $0.07. The bank earned $45.81 million during the quarter. Flushing Financial had a net margin of 16.24% and a return on equity of 8.36%. View Flushing Financial's Earnings History.
When is Flushing Financial's next earnings date?
What price target have analysts set for FFIC?
4 analysts have issued 1 year price objectives for Flushing Financial's shares. Their predictions range from $28.00 to $31.00. On average, they expect Flushing Financial's share price to reach $30.00 in the next year. View Analyst Ratings for Flushing Financial.
Who are some of Flushing Financial's key competitors?
Some companies that are related to Flushing Financial include International Bancshares (IBOC), Union Bankshares (UBSH), United Community Bank (UCBI), Great Western Bancorp (GWB), CVB Financial (CVBF), First Interstate BancSystem (FIBK), TowneBank (TOWN), Renasant (RNST), ServisFirst Bancshares (SFBS), Independent Bank (INDB), Hilltop (HTH), Ameris Bancorp (ABCB), Eagle Bancorp (EGBN), Independent Bank Group (IBTX) 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 (Age 69)
- Ms. Susan K. Cullen, Chief Financial Officer, Sr. Exec. VP and Treasurer (Age 52)
- Ms. Maria A. Grasso, COO, Sr. EVP, Corp. Sec., COO of Flushing Bank and EVP of Flushing Bank (Age 53)
- Mr. Francis W. Korzekwinski, Chief of Real Estate Lending (Age 55)
- Ms. Theresa Kelly, Exec. VP of Bus. Banking (Age 56)
Has Flushing Financial been receiving favorable news coverage?
Media coverage about FFIC stock has trended somewhat positive on Wednesday, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Flushing Financial earned a news sentiment score of 0.24 on Accern's scale. They also gave news articles about the bank an impact score of 44.67 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Flushing Financial's major shareholders?
Flushing Financial's stock is owned by a number of of retail and institutional investors. Top institutional investors include Frontier Capital Management Co. LLC (8.35%), Dimensional Fund Advisors LP (8.35%), BlackRock Inc. (6.98%), Northern Trust Corp (4.17%), Gamco Investors INC. ET AL (3.81%) and The Manufacturers Life Insurance Company (2.65%). 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 institutional investors are selling Flushing Financial stock?
FFIC stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Hennessy Advisors Inc., JPMorgan Chase & Co., GSA Capital Partners LLP, Russell Investments Group Ltd., BlackRock Inc., UBS Group AG and BNP Paribas Arbitrage SA. 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 institutional investors are buying Flushing Financial stock?
FFIC stock was bought by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Millennium Management LLC, The Manufacturers Life Insurance Company , Dimensional Fund Advisors LP, Mackay Shields LLC, Prudential Financial Inc., Teton Advisors Inc. and Trexquant Investment LP. 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 $27.70.
How big of a company is Flushing Financial?
Flushing Financial has a market capitalization of $766.96 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 (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.
