Flushing Financial Corporation
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- Market Cap.:
- $439.97 million
- Book Value:
- Revenue TTM:
- $248.54 million
- Operating Margin TTM:
- Gross Profit TTM:
- $248.54 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Flushing Financial Corporation had its IPO on 1995-11-21 under the ticker symbol FFIC.
The company operates in the Financial Services sector and Banks-Regional industry. Flushing Financial Corporation has a staff strength of 560 employees.
Shares of Flushing Financial Corporation opened at $15.09 at the start of the last trading session i.e. 2023-03-30.
The stocks traded within a range of $14.43 - $15.14, and closed at $14.53.
This is a -2.61% slip from the previous day's closing price.
A total volume of 106,189 shares were traded at the close of the day’s session.
In the last one week, shares of Flushing Financial Corporation have slipped by -1.36%.
Flushing Financial Corporation's Key Ratios
Flushing Financial Corporation has a market cap of $439.97 million, indicating a price to book ratio of 0.8888 and a price to sales ratio of 2.2206.
In the last 12-months Flushing Financial Corporation’s revenue was $248.54 million with a gross profit of $248.54 million and an EBITDA of $0. The EBITDA ratio measures Flushing Financial Corporation's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Flushing Financial Corporation’s operating margin was 43.21% while its return on assets stood at 0.93% with a return of equity of 11.34%.
In Q4, Flushing Financial Corporation’s quarterly earnings growth was a negative -40.8% while revenue growth was a negative 24.5%.
Flushing Financial Corporation’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $2.5 per share while it has a forward price to earnings multiple of 10.3093 and a PEG multiple of 1.3394. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Flushing Financial Corporation’s profitability.
Flushing Financial Corporation stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 2.2206.
Flushing Financial Corporation stock pays annual dividends of $0.88 per share, indicating a yield of 5.95% and a payout ratio of 35.34%.
Balance sheet and cash flow metrics
- Total Assets
- $8.42 billion
- Total Liabilities
- $671.50 million
- Operating Cash Flow
- $141.05 million
- Capital Expenditure
- Dividend Payout Ratio
Flushing Financial Corporation ended 2023 with $8.42 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $8.42 billion while shareholder equity stood at $677.16 million.
Flushing Financial Corporation ended 2023 with $0 in deferred long-term liabilities, $671.50 million in other current liabilities, 341000.00 in common stock, $547.51 million in retained earnings and $17.64 million in goodwill. Its cash balance stood at $151.75 million and cash and short-term investments were $21.00 million. The company’s total short-term debt was $15,000,000 while long-term debt stood at $1.05 billion.
Flushing Financial Corporation’s total current assets stands at $1.14 billion while long-term investments were $809.07 million and short-term investments were $735.36 million. Its net receivables were $45.05 million compared to accounts payable of $0 and inventory worth $0.
In 2023, Flushing Financial Corporation's operating cash flow was $141.05 million while its capital expenditure stood at $909000.
Comparatively, Flushing Financial Corporation paid $0.35 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Flushing Financial Corporation stock is currently trading at $14.53 per share. It touched a 52-week high of $22.6603 and a 52-week low of $22.6603. Analysts tracking the stock have a 12-month average target price of $21.67.
Its 50-day moving average was $18.08 and 200-day moving average was $19.68 The short ratio stood at 2.37 indicating a short percent outstanding of 0%.
Around 542% of the company’s stock are held by insiders while 6759.3% are held by institutions.
Frequently Asked Questions About Flushing Financial Corporation
Similar Industry Stocks (Banks-Regional)
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. Further, the company operates an internet branch under the iGObanking and BankPurely brands. Flushing Financial Corporation was founded in 1929 and is based in Uniondale, New York.