Flushing Financial Stock Today

FFIC Stock  USD 12.33  0.60  5.12%   

Performance

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Odds Of Distress

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Flushing Financial is trading at 12.33 as of the 28th of March 2024, a 5.12 percent up since the beginning of the trading day. The stock's open price was 11.73. Flushing Financial has only a 8 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Flushing Financial are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2022 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Banks
IPO Date
21st of November 1995
Category
Financial Services
Classification
Financials
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 Corporation was founded in 1929 and is based in Uniondale, New York. The company has 29.07 M outstanding shares of which 733.5 K shares are currently shorted by private and institutional investors with about 2.94 trading days to cover. More on Flushing Financial

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Flushing Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Flushing Financial's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Flushing Financial or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOJohn Buran
Business ConcentrationRegional Banks, Banks - Regional, Financial Services, NASDAQ Composite, NASDAQ Composite Total, Financials, Banks, Banks—Regional, Financial Services (View all Sectors)
Average Analyst Recommendation
Analysts covering Flushing Financial report their recommendations after researching Flushing Financial's financial statements, talking to executives and customers, or listening in on Flushing Financial's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Flushing Financial. The Flushing consensus assessment is calculated by taking the average forecast from all of the analysts covering Flushing Financial.
Financial Strength
Based on the analysis of Flushing Financial's profitability, liquidity, and operating efficiency, Flushing Financial is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of Flushing Financial is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.00320.0033
Notably Down
Slightly volatile
Asset Turnover0.0350.0491
Way Down
Very volatile
Gross Profit Margin0.740.9408
Significantly Down
Slightly volatile
Net Debt822.8 M757.9 M
Significantly Up
Pretty Stable
Total Current LiabilitiesB6.7 B
Sufficiently Up
Very volatile
Non Current Liabilities Total1.1 B1.2 B
Significantly Down
Slightly volatile
Total Assets4.6 B8.6 B
Way Down
Slightly volatile
Total Current Assets219.6 M231.2 M
Notably Down
Slightly volatile
Total Cash From Operating Activities48.6 M34.6 M
Significantly Up
Pretty Stable
Flushing Financial's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Flushing Financial's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Flushing Financial's financial leverage. It provides some insight into what part of Flushing Financial's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Flushing Financial's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Flushing Financial deploys its capital and how much of that capital is borrowed.
Liquidity
Flushing Financial cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 882.1 M in liabilities with Debt to Equity (D/E) ratio of 0.1, which may suggest the company is not taking enough advantage from borrowing. Debt can assist Flushing Financial until it has trouble settling it off, either with new capital or with free cash flow. So, Flushing Financial's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Flushing Financial sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Flushing to invest in growth at high rates of return. When we think about Flushing Financial's use of debt, we should always consider it together with cash and equity.

Free Cash Flow

44.91 Million
Flushing Financial (FFIC) is traded on NASDAQ Exchange in USA. It is located in 220 RXR Plaza, Uniondale, NY, United States, 11556 and employs 549 people. Flushing Financial is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 340.96 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Flushing Financial's market, we take the total number of its shares issued and multiply it by Flushing Financial's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Flushing Financial conducts business under Banks sector and is part of Financials industry. The entity has 29.07 M outstanding shares of which 733.5 K shares are currently shorted by private and institutional investors with about 2.94 trading days to cover. Flushing Financial currently holds about 164.69 M in cash with 34.59 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.52.
Check Flushing Financial Probability Of Bankruptcy
Ownership Allocation
Flushing Financial holds a total of 29.07 Million outstanding shares. Over half of Flushing Financial's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that obtain positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Flushing Financial. Please watch out for any change in the institutional holdings of Flushing Financial as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Flushing Ownership Details

Flushing Stock Price Odds Analysis

What are Flushing Financial's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Flushing Financial jumping above the current price in 90 days from now is about 84.0%. The Flushing Financial probability density function shows the probability of Flushing Financial stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.9914. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Flushing Financial will likely underperform. Additionally, flushing Financial has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 12.33HorizonTargetOdds Above 12.33
15.92%90 days
 12.33 
84.00%
Based on a normal probability distribution, the odds of Flushing Financial to move above the current price in 90 days from now is about 84.0 (This Flushing Financial probability density function shows the probability of Flushing Stock to fall within a particular range of prices over 90 days) .

Flushing Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Flushing Financial that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Flushing Financial's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Flushing Financial's value.
InstituionRecorded OnShares
Prudential Financial Inc2023-12-31
340.8 K
Manufacturers Life Insurance Co2023-12-31
326.1 K
American Century Companies Inc2023-12-31
324.4 K
Renaissance Technologies Corp2023-12-31
301.8 K
Northern Trust Corp2023-12-31
276.2 K
Morgan Stanley - Brokerage Accounts2023-12-31
275.1 K
Lsv Asset Management2023-12-31
257.5 K
Goldman Sachs Group Inc2023-12-31
225.3 K
Hennessy Advisors, Inc.2023-12-31
225 K
Blackrock Inc2023-12-31
2.6 M
Dimensional Fund Advisors, Inc.2023-12-31
M
View Flushing Financial Diagnostics

Flushing Financial Historical Income Statement

Flushing Financial Income Statement is one of the three primary financial statements used for reporting Flushing's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Flushing Financial revenue and expense. Flushing Financial Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Flushing Financial's Gross Profit is projected to increase significantly based on the last few years of reporting. The current year's Other Operating Expenses is expected to grow to about 400.1 M, whereas Depreciation And Amortization is forecasted to decline to about 4.1 M. View More Fundamentals

Flushing Stock Against Markets

Picking the right benchmark for Flushing Financial stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Flushing Financial stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Flushing Financial is critical whether you are bullish or bearish towards Flushing Financial at a given time. Please also check how Flushing Financial's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Flushing Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Flushing Financial Corporate Directors

Flushing Financial corporate directors refer to members of a Flushing Financial board of directors. The board of directors generally takes responsibility for the Flushing Financial's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Flushing Financial's board members must vote for the resolution. The Flushing Financial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Louis GrassiIndependent DirectorProfile
James BennettIndependent DirectorProfile
John McCabeIndependent DirectorProfile
Michael AzarianIndependent DirectorProfile

How to buy Flushing Stock?

Before investing in Flushing Financial, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Flushing Financial. To buy Flushing Financial stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Flushing Financial. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Flushing Financial stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Flushing Financial stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Flushing Financial stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Flushing Financial, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Flushing Stock please use our How to Invest in Flushing Financial guide.

Already Invested in Flushing Financial?

The danger of trading Flushing Financial is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Flushing Financial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Flushing Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Flushing Financial is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Flushing Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Flushing Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Flushing Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Flushing Financial Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flushing Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Flushing Stock refer to our How to Trade Flushing Stock guide.
You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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Is Flushing Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Flushing Financial. If investors know Flushing will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Flushing Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.20)
Dividend Share
0.88
Earnings Share
0.96
Revenue Per Share
6.39
Quarterly Revenue Growth
0.127
The market value of Flushing Financial is measured differently than its book value, which is the value of Flushing that is recorded on the company's balance sheet. Investors also form their own opinion of Flushing Financial's value that differs from its market value or its book value, called intrinsic value, which is Flushing Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Flushing Financial's market value can be influenced by many factors that don't directly affect Flushing Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Flushing Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Flushing Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flushing Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.