Flushing Financial Corp
NASDAQ:FFIC
Intrinsic Value
Flushing Financial Corp. operates as a bank holding company for Flushing Savings Bank, which provides banking and financial services. [ Read More ]
The intrinsic value of one FFIC stock under the Base Case scenario is 16.77 USD. Compared to the current market price of 12.61 USD, Flushing Financial Corp is Undervalued by 25%.
Valuation Backtest
Flushing Financial Corp
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Fundamental Analysis
Flushing Financial Corp Reports Q4 2023 Earnings
2023-Q4 Earnings Call
Flushing Financial demonstrated resilience and progress during a challenging fourth quarter of 2023, with GAAP EPS of $0.27 and core EPS of $0.25, and yearly GAAP and core EPS at $0.96 and $0.83, respectively. Margin improvements in GAAP and core NIM are evident with respective expansions of 7 and 18 basis points, alongside core loan yield increases of 33 basis points. A conservative approach prioritizes low-risk lending, particularly in real estate with minimal Manhattan office exposure, contributing to a strong liquidity profile that includes over $4 billion of undrawn lines and resources, totaling 48% of assets. The bank's shift towards interest rate neutrality, prudent expense management, and commitment to maintaining their conservative credit profile underpin a strategic focus poised for long-term success.
Balance Sheet Decomposition
Flushing Financial Corp
Net Loans | 6.9B |
Investments | 1B |
PP&E | 60.8m |
Intangibles | 19.2m |
Other Assets | 560.1m |
Total Deposits | 6.8B |
Long Term Debt | 841.3m |
Other Liabilities | 210.9m |
Wall St
Price Targets
FFIC Price Targets Summary
Flushing Financial Corp
According to Wall Street analysts, the average 1-year price target for FFIC is 17.34 USD with a low forecast of 13.64 USD and a high forecast of 21 USD.
Ownership
FFIC Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
FFIC Price
Flushing Financial Corp
Average Annual Return | 5.37% |
Standard Deviation of Annual Returns | 36.44% |
Max Drawdown | -62% |
Market Capitalization | 364m USD |
Shares Outstanding | 28 866 000 |
Percentage of Shares Shorted | 3.05% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Flushing Financial Corp. operates as a bank holding company for Flushing Savings Bank, which provides banking and financial services. The company is headquartered in Uniondale, New York and currently employs 523 full-time employees. The Bank operates as a full-service New York State commercial bank. The Bank also operates an Internet branch, which operates under the brands of iGObanking.com and BankPurely that offers checking, savings, money market and certificates of deposit accounts. The Bank’s principal business is attracting retail deposits from the general public and investing those deposits together with funds generated from ongoing operations and borrowings, primarily in originations and purchases of multi-family residential loans, commercial business loans, commercial real estate mortgage loans, small business administration loans, construction loans, mortgage loan, the United States government securities, corporate fixed-income securities and other marketable securities. The company also owns Flushing Financial Capital Trust II, Flushing Financial Capital Trust III and Flushing Financial Capital Trust IV (the Trusts).
Contact
IPO
Employees
Officers
The intrinsic value of one FFIC stock under the Base Case scenario is 16.77 USD.
Compared to the current market price of 12.61 USD, Flushing Financial Corp is Undervalued by 25%.