Flushing Financial (FFIC) Stock Price, News & Analysis

Company Overview

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, non-interest bearing 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. It operates full-service banking offices in Queens, Nassau, Suffolk, Kings, and New York counties, New York; and an internet branch under the iGObanking and BankPurely brands. Flushing Financial Corporation was founded in 1929 and is based in Uniondale, New York.

Key Stats

• Today's Range: $17.11 to $17.29
• 50-Day Range: $13.53 to $18.18
• 52-Week Range: $10.74 to $18.40
• Volume: 8,530 shs
• Average Volume: 179,212 shs
• Market Capitalization: $502.04 million
• P/E Ratio: 19.85
• Dividend Yield: 5.10%
• Price Target: $15.50
• Consensus Rating: Hold

Flushing Financial Stock Analysis - MarketRank™

Flushing Financial scored higher than 74% of companies evaluated by MarketBeat, and ranked 310th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Flushing Financial has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Flushing Financial has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 45.45%

Earnings Growth

Earnings for Flushing Financial are expected to grow by 45.45% in the coming year, from $0.77 to $1.12 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Flushing Financial is 19.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of Flushing Financial is 19.62, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.18.

Price to Book Value per Share Ratio

Flushing Financial has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.01% of the float of Flushing Financial has been sold short.

Short Interest Ratio / Days to Cover

Flushing Financial has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Flushing Financial has recently decreased by 34.75%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Flushing Financial is a leading dividend payer. It pays a dividend yield of 5.13%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Flushing Financial does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Flushing Financial is 101.15%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Flushing Financial will have a dividend payout ratio of 78.57% in the coming year. This indicates that Flushing Financial may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.01% of the float of Flushing Financial has been sold short.

Short Interest Ratio / Days to Cover

Flushing Financial has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Flushing Financial has recently decreased by 34.75%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.51

News Sentiment

Flushing Financial has a news sentiment score of 0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Flushing Financial this week, compared to 2 articles on an average week.

Search Interest

1 people have searched for FFIC on MarketBeat in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Flushing Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $284,220.00 in company stock.

Percentage Held by Insiders

Only 6.31% of the stock of Flushing Financial is held by insiders.

Percentage Held by Institutions

67.10% of the stock of Flushing Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FFIC Stock Analysis - Frequently Asked Questions

How have FFIC shares performed this year?

Flushing Financial's stock was trading at $16.48 on January 1st, 2024. Since then, FFIC shares have increased by 3.6% and is now trading at $17.07.
View the best growth stocks for 2024 here.

How were Flushing Financial's earnings last quarter?

Flushing Financial Co. (NASDAQ:FFIC) issued its quarterly earnings data on Monday, July, 29th. The bank reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The bank earned $117.45 million during the quarter, compared to analysts' expectations of $46.96 million. Flushing Financial had a net margin of 5.48% and a trailing twelve-month return on equity of 3.75%.

Who are Flushing Financial's major shareholders?

Top institutional investors of Flushing Financial include State Street Corp (2.91%), Hotchkis & Wiley Capital Management LLC (2.53%), Geode Capital Management LLC (2.39%) and Verition Fund Management LLC (1.16%). Insiders that own company stock include Louis C Grassi, Maria A Grasso, Francis W Korzekwinski, Sam Sang Ki Han, Steven J Diorio, Theresa Kelly, Astrid Burrowes, Thomas Buonaiuto and John R Buran.
View institutional ownership trends.

How do I buy shares of Flushing Financial?

Shares of FFIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Flushing Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Flushing Financial investors own include Chevron (CVX), American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), AUO (AUOTY), DiamondRock Hospitality (DRH) and Comcast (CMCSA).

Company Calendar

• Last Earnings: 7/29/2024
• Ex-Dividend for 9/27 Dividend: 9/06/2024
• Dividend Payable: 9/27/2024
• Today: 11/20/2024
• Ex-Dividend for 12/20 Dividend: 12/06/2024
• Dividend Payable: 12/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/23/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Thrifts & Mortgage Finance
• Current Symbol: NASDAQ:FFIC
• CUSIP: 34387310
• CIK: 923139
• Web: www.flushingbank.com
• Phone: (718) 961-5400
• Fax: 718-961-7646
• Employees: 549
• Year Founded: 1929

Price Target and Rating

• Average Stock Price Target: $15.50
• High Stock Price Target: $17.00
• Low Stock Price Target: $13.50
• Potential Upside/Downside: -9.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.87
• Trailing P/E Ratio: 19.62
• Forward P/E Ratio: 22.17
• P/E Growth: N/A
• Net Income: $28.66 million
• Net Margins: 5.48%
• Pretax Margin: 7.44%
• Return on Equity: 3.75%
• Return on Assets: 0.28%

Debt

• Debt-to-Equity Ratio: 1.27
• Current Ratio: 0.94
• Quick Ratio: 0.94

Sales & Book Value

• Annual Sales: $198.01 million
• Price / Sales: 2.51
• Cash Flow: $1.07 per share
• Price / Cash Flow: 15.92
• Book Value: $23.19 per share
• Price / Book: 0.74

Miscellaneous

• Outstanding Shares: 29,069,000
• Free Float: 27,235,000
• Market Cap: $496.21 million
• Optionable: Optionable
• Beta: 0.75