NasdaqGS:FFIC

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has Flushing Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.8%

NasdaqGS:FFIC

-2.6%

US Banks

-1.0%

US Market


1 Year Return

-22.2%

NasdaqGS:FFIC

-14.2%

US Banks

-0.4%

US Market

FFIC underperformed the Banks industry which returned -14.2% over the past year.

FFIC underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

FFICIndustryMarket
7 Day2.8%-2.6%-1.0%
30 Day-11.0%-6.3%-3.3%
90 Day-8.9%-3.5%0.8%
1 Year-19.3%-22.2%-11.8%-14.2%1.9%-0.4%
3 Year-3.1%-11.5%42.2%32.4%39.4%30.4%
5 Year19.8%2.7%53.3%36.7%54.2%37.1%

Price Volatility Vs. Market

How volatile is Flushing Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Flushing Financial undervalued based on future cash flows and its price relative to the stock market?

11.99x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Flushing Financial's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Flushing Financial's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Flushing Financial is good value based on earnings compared to the US Banks industry average.

Flushing Financial is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Flushing Financial is poor value based on expected growth next year.


Price Based on Value of Assets

Flushing Financial is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Flushing Financial expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

6.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Flushing Financial's revenue is expected to grow by 6% yearly, however this is not considered high growth (20% yearly).

Flushing Financial's earnings are expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).

Flushing Financial's revenue growth is positive but not above the United States of America market average.

Flushing Financial's earnings growth is positive but not above the United States of America market average.

Flushing Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Flushing Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Flushing Financial performed over the past 5 years?

1.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Flushing Financial's year on year earnings growth rate has been positive over the past 5 years.

Flushing Financial's 1-year earnings growth exceeds its 5-year average (14.2% vs 1.4%)

Flushing Financial's earnings growth has not exceeded the US Banks industry average in the past year (14.2% vs 33.2%).


Return on Equity

Flushing Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Flushing Financial used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Flushing Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Flushing Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Flushing Financial has an acceptable proportion of non-loan assets held.

Flushing Financial has a sufficient allowance for bad loans.

Flushing Financial's liabilities are made up of primarily low risk sources of funding.

Flushing Financial's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Flushing Financial are broadly funded by customer deposits.

Flushing Financial has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Flushing Financial's current dividend yield, its reliability and sustainability?

4.28%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Flushing Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Flushing Financial's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Flushing Financial's salary, the management and board of directors tenure and is there insider trading?

11.3yrs

Average management tenure


CEO

John Buran (70yo)

14.1yrs

Tenure

US$2,224,013

Compensation

Mr. John R. Buran has been the Chief Executive Officer and President of Flushing Financial Corporation since July 1, 2005. Mr. Buran has been the Chief Executive Officer and President of Flushing Bank sinc ...


CEO Compensation Analysis

John's remuneration is about average for companies of similar size in United States of America.

John's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

11.3yrs

Average Tenure

60.5yo

Average Age

The average tenure for the Flushing Financial management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

15.6yrs

Average Tenure

70yo

Average Age

The average tenure for the Flushing Financial board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by Flushing Financial individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$1,90612 Aug 19
Susan Cullen
EntityIndividual
Role
Senior EVP
Shares100
Max PriceUS$19.06
BuyUS$5,74807 Aug 19
Susan Cullen
EntityIndividual
Role
Senior EVP
Shares300
Max PriceUS$19.21
BuyUS$2,14930 May 19
Susan Cullen
EntityIndividual
Role
Senior EVP
Shares100
Max PriceUS$21.49
SellUS$186,72022 Feb 19
Maria Grasso
EntityIndividual
Role
Senior EVP
Shares8,000
Max PriceUS$23.34
SellUS$153,82521 Feb 19
Francis Korzekwinski
EntityIndividual
Role
Senior EVP & Chief of Real Estate Lending
Shares6,615
Max PriceUS$23.26

Ownership Breakdown


Management Team

  • Maria Grasso (55yo)

    Senior EVP

    • Tenure: 13.3yrs
    • Compensation: $1.11m
  • Astrid Burrowes (54yo)

    Executive VP

    • Tenure: 3.5yrs
  • Ronald Hartmann (63yo)

    Executive VP & Director of Commercial Real Estate Lending

    • Tenure: 12.5yrs
  • Frank Korzekwinski (56yo)

    Senior EVP & Chief of Real Estate Lending

    • Tenure: 20.6yrs
    • Compensation: $948.88k
  • Allen Brewer (66yo)

    Executive VP & Chief Information Officer

    • Tenure: 10.7yrs
  • Ruth Filiberto (61yo)

    Executive VP & Director of HR

    • Tenure: 12.0yrs
  • Frank Akalski (64yo)

    Senior VP & Chief Investment Officer

    • Tenure: 4.7yrs
  • Patricia Tiffany (60yo)

    Senior VP & Director of Marketing

    • Tenure: 0.6yrs
  • Susan Cullen (53yo)

    Senior EVP

    • Tenure: 3.5yrs
    • Compensation: $937.76k
  • John Buran (70yo)

    President

    • Tenure: 14.1yrs
    • Compensation: $2.22m

Board Members

  • Michael Russo (85yo)

    Director

    • Tenure: 25.3yrs
    • Compensation: $226.91k
  • Steven D'Iorio (70yo)

    Director

    • Tenure: 14.7yrs
    • Compensation: $228.66k
  • Donna O'Brien (64yo)

    Director

    • Tenure: 14.7yrs
    • Compensation: $225.66k
  • John McCabe (76yo)

    Director

    • Tenure: 16.6yrs
    • Compensation: $225.41k
  • Caren Yoh (59yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: $214.91k
  • Al DelliBovi (73yo)

    Chairman of the Board

    • Tenure: 2.5yrs
    • Compensation: $312.66k
  • James Bennett (80yo)

    Director

    • Tenure: 21.6yrs
    • Compensation: $221.41k
  • Louis Grassi (63yo)

    Director

    • Tenure: 21.6yrs
    • Compensation: $242.41k
  • Sang Ki Han (66yo)

    Director

    • Tenure: 11.9yrs
    • Compensation: $212.66k
  • John Buran (70yo)

    President

    • Tenure: 16.6yrs
    • Compensation: $2.22m

Company Information

Flushing Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Flushing Financial Corporation
  • Ticker: FFIC
  • Exchange: NasdaqGS
  • Founded: 1929
  • Industry: regional banks
  • Sector: banks
  • Market Cap: US$553.276m
  • Shares outstanding: 27.86m
  • Website: Click here

Number of Employees


Location

  • Flushing Financial Corporation
  • 220 RXR Plaza
  • Uniondale
  • New York
  • 11556
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FFICNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 1995
FL8DB (Deutsche Boerse AG)YesCommon StockDEEURNov 1995

Biography

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 vario ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 23:37
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.