FFIC

Flushing FinancialNasdaqGS:FFIC Stock Report

Market Cap

US$670.3m

7D

-1.8%

1Y

88.5%

Updated

18 Sep, 2021

Data

Company Financials +
FFIC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends6/6

FFIC 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.

Flushing Financial Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Flushing Financial
Historical stock prices
Current Share PriceUS$21.70
52 Week HighUS$10.19
52 Week LowUS$25.22
Beta0.89
1 Month Change-2.73%
3 Month Change3.58%
1 Year Change88.53%
3 Year Change-14.97%
5 Year Change-7.31%
Change since IPO415.07%

Recent News & Updates

Aug 27

Flushing Financial: Good Growth At An Appealing Valuation

Modest loan growth likely supports core revenue at current levels. Slight margin compression trends are not a major detracting factor to core profitability. Solid credit trends look likely to continue, supporting an improved valuation outlook.

Aug 21
Flushing Financial's (NASDAQ:FFIC) Dividend Will Be US$0.21

Flushing Financial's (NASDAQ:FFIC) Dividend Will Be US$0.21

Flushing Financial Corporation ( NASDAQ:FFIC ) has announced that it will pay a dividend of US$0.21 per share on the...

Shareholder Returns

FFICUS BanksUS Market
7D-1.8%0.9%-0.6%
1Y88.5%63.3%33.8%

Return vs Industry: FFIC exceeded the US Banks industry which returned 63.3% over the past year.

Return vs Market: FFIC exceeded the US Market which returned 33.8% over the past year.

Price Volatility

Is FFIC's price volatile compared to industry and market?
FFIC volatility
FFIC Beta0.89
Industry Beta1.37
Market Beta1

Stable Share Price: FFIC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: FFIC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1929520John Buranhttps://www.flushingbank.com

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.

Valuation

Is Flushing Financial undervalued compared to its fair value and its price relative to the market?

11.95x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FFIC ($21.7) is trading above our estimate of fair value ($20.41)

Significantly Below Fair Value: FFIC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FFIC is poor value based on its PE Ratio (12x) compared to the US Banks industry average (10.8x).

PE vs Market: FFIC is good value based on its PE Ratio (12x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: FFIC is poor value based on its PEG Ratio (3.8x)


Price to Book Ratio

PB vs Industry: FFIC's PB Ratio (1x) is in line with the US Banks industry average.


Future Growth

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

3.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FFIC's forecast earnings growth (3.1% per year) is above the savings rate (2%).

Earnings vs Market: FFIC's earnings (3.1% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: FFIC's earnings are forecast to grow, but not significantly.

Revenue vs Market: FFIC's revenue (4.6% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: FFIC's revenue (4.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FFIC's Return on Equity is forecast to be low in 3 years time (10.5%).


Past Performance

How has Flushing Financial performed over the past 5 years?

-7.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FFIC has high quality earnings.

Growing Profit Margin: FFIC's current net profit margins (25.1%) are higher than last year (23.9%).


Past Earnings Growth Analysis

Earnings Trend: FFIC's earnings have declined by 7% per year over the past 5 years.

Accelerating Growth: FFIC's earnings growth over the past year (38.4%) exceeds its 5-year average (-7% per year).

Earnings vs Industry: FFIC earnings growth over the past year (38.4%) exceeded the Banks industry 36%.


Return on Equity

High ROE: FFIC's Return on Equity (8.6%) is considered low.


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

Asset Level: FFIC's Assets to Equity ratio (12.5x) is moderate.

Allowance for Bad Loans: FFIC has a sufficient allowance for bad loans (243%).

Low Risk Liabilities: 84% of FFIC's liabilities are made up of primarily low risk sources of funding.

Loan Level: FFIC has an appropriate level of Loans to Assets ratio (82%).

Low Risk Deposits: FFIC's Loans to Deposits ratio (106%) is appropriate.

Level of Bad Loans: FFIC has an appropriate level of bad loans (0.3%).


Dividend

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

3.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FFIC's dividend (3.87%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: FFIC's dividend (3.87%) is in the top 25% of dividend payers in the US market (3.6%)


Stability and Growth of Payments

Stable Dividend: FFIC's dividends per share have been stable in the past 10 years.

Growing Dividend: FFIC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46%), FFIC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FFIC's dividends in 3 years are forecast to be well covered by earnings (35.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.0yrs

Average management tenure


CEO

John Buran (72 yo)

16.17yrs

Tenure

US$2,169,715

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

Compensation vs Market: John's total compensation ($USD2.17M) is about average for companies of similar size in the US market ($USD2.33M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: FFIC's management team is seasoned and experienced (7 years average tenure).


Board Members

Experienced Board: FFIC's board of directors are seasoned and experienced ( 16.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FFIC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.7%.


Top Shareholders

Company Information

Flushing Financial Corporation's 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$670.286m
  • Shares outstanding: 30.89m
  • Website: https://www.flushingbank.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 22:02
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.