Financial Services -
Banks - Regional - NASDAQ - US
$ 11.2
-0.885 %
$ 378 M
Market Cap
-10.67
P/E
1. INTRINSIC VALUE
Balance Sheet
Flushing Financial Corporation
| Current Assets | 62 M |
| Cash & Short-Term Investments | 1.45 B |
| Receivables | 62 M |
| Other Current Assets | -1.45 B |
| Non-Current Assets | 82.4 M |
| Long-Term Investments | 1.49 B |
| PP&E | 63.7 M |
| Other Non-Current Assets | -1.48 B |
| Current Liabilities | 46.4 M |
| Accounts Payable | 0 |
| Short-Term Debt | 46.4 M |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 8.27 B |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 8.27 B |
EFFICIENCY
Earnings Waterfall
Flushing Financial Corporation
| Revenue | 125 M |
| Cost Of Revenue | -341 M |
| Gross Profit | 465 M |
| Operating Expenses | 125 M |
| Operating Income | -9.55 M |
| Other Expenses | -18.1 M |
| Net Income | 8.58 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Flushing Financial Corporation
| Net Income | 8.58 M |
| Depreciation & Amortization | 6.14 M |
| Capital Expenditures | -2.31 M |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 0 |
| Others | -31.9 M |
| Free Cash Flow | 10.1 M |
Wall Street Analysts Price Targets
Flushing Financial Corporation
Wall Street analysts predict an average 1-year price target for FFIC of $16.8 , with forecasts ranging from
a
low of
$16.5 to a high of $17 .
FFIC Lowest Price Target
Wall Street Target
16.5 USD
47.32%
FFIC Average Price Target
Wall Street Target
16.8 USD
49.55%
FFIC Highest Price Target
Wall Street Target
17 USD
51.79%
4. DIVIDEND
ANALYSIS
1.52%
DIVIDEND YIELD
0.22 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Flushing Financial Corporation
Sold
0-3 MONTHS
162 K USD 2
3-6 MONTHS
284 K USD 2
6-9 MONTHS
60.7 K USD 1
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
248 K USD 9
3-6 MONTHS
0 USD 0
6-9 MONTHS
7.48 K USD 1
9-12 MONTHS
7. News
Flushing Financial: Over 6% Dividend Yield, Raising The EPS Estimate
Under balance sheet restructuring transactions, Flushing Financial has recently offloaded low-yielding securities and FHLB borrowings. The restructuring will lift the margin. A sizable chunk of costly certificates of deposits will mature in 1H 2025; thereby providing the opportunity to significantly lower deposit costs. I'm raising my 2025 EPS estimate to $1.16 mostly because I've raised my margin estimates.
seekingalpha.com
- 2 months ago
Flushing Financial Corporation (FFIC) Q4 2024 Earnings Call Transcript
Flushing Financial Corporation (NASDAQ:FFIC ) Q4 2024 Earnings Conference Call January 29, 2025 9:30 AM ET Company Participants John Buran - President and CEO Susan Cullen - Senior EVP, CFO and Treasurer Conference Call Participants Mark Fitzgibbon - Piper Sandler Steve Moss - Raymond James Manuel Navas - D.A. Davidson Operator Welcome to Flushing Financial Corporation's Fourth Quarter and Full Year 2024 Operating Results Conference Call.
seekingalpha.com
- 2 months ago
Flushing Financial (FFIC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Flushing Financial (FFIC) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
- 2 months ago
Flushing Financial (FFIC) Misses Q4 Earnings Estimates
Flushing Financial (FFIC) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.25 per share a year ago.
zacks.com
- 2 months ago
Surging Earnings Estimates Signal Upside for Flushing Financial (FFIC) Stock
Flushing Financial (FFIC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
zacks.com
- 3 months ago
Bears are Losing Control Over Flushing Financial (FFIC), Here's Why It's a 'Buy' Now
Flushing Financial (FFIC) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
zacks.com
- 3 months ago
Down -18.86% in 4 Weeks, Here's Why Flushing Financial (FFIC) Looks Ripe for a Turnaround
Flushing Financial (FFIC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
zacks.com
- 3 months ago
Down -21.17% in 4 Weeks, Here's Why Flushing Financial (FFIC) Looks Ripe for a Turnaround
Flushing Financial (FFIC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
zacks.com
- 3 months ago
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
globenewswire.com
- 4 months ago
Flushing Financial seeks to raise $70 million to shore up capital as it unloads underwater bonds
Flushing Financial, a New York-based commercial real estate lender, is seeking to raise $70 million to shore up its capital, CNBC has learned. The bank's CEO, John Buran, has told potential investors that he intends to sell low-yielding bonds and loans backed by commercial real estate, including multifamily building loans, moves that would generate a loss and necessitate the sale of fresh stock, people with knowledge of the deal told CNBC.
cnbc.com
- 4 months ago
New Strong Buy Stocks for November 18th
UPLD, VLRS, UAA, FFIC and ANGI have been added to the Zacks Rank #1 (Strong Buy) List on November 18, 2024.
zacks.com
- 5 months ago
Best Income Stocks to Buy for November 18th
FFIC, UOVEY and CIXXF made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 18, 2024.
zacks.com
- 5 months ago
8. Profile
Summary
Flushing Financial Corporation FFIC
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 378 M
Dividend Yield
1.52%
Description
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, 2021, the company operated 24 full-service offices located in the New York City boroughs of Queens, Brooklyn, and Manhattan; and in Nassau and Suffolk County, New York, as well as an Internet branch. Flushing Financial Corporation was founded in 1929 and is based in Uniondale, New York.
Contact
220 RXR Plaza, Uniondale, NY, 11556
https://www.flushingbank.com
IPO
Date
Nov. 21, 1995
Employees
571
Officers
Ms. Susan K. Cullen CPA
Senior EVice President, Treasurer & Chief Financial Officer
Mr. Francis W. Korzekwinski
Senior EVice President & Chief of Real Estate Lending
Mr. Allen M. Brewer
Senior Executive Vice President & Chief Information Officer
Mr. Albert H. Savastano
Senior Vice President & Director of Investor Relations
Mr. John R. Buran
President, Chief Executive Officer & Director
Mr. Michael Bingold
Senior EVice President and Chief Retail & Client Development Officer
Ms. Maria A. Grasso
Senior EVice President, Chief Operating Officer & Corporate Secretary
Mr. Douglas Liang
Senior Vice President & Chief Investment Officer
Ms. Astrid Burrowes
Executive Vice President, Chief Accounting Officer & Controller
Mr. Yan Nuriyev
Senior Vice President & Chief Technology Officer