Critical Survey: Flushing Financial (FFIC) vs. Its Peers

Flushing Financial (NASDAQ: FFIC) is one of 313 public companies in the “Banks” industry, but how does it compare to its peers? We will compare Flushing Financial to similar companies based on the strength of its earnings, profitability, dividends, risk, analyst recommendations, institutional ownership and valuation.

Valuation & Earnings

This table compares Flushing Financial and its peers gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Flushing Financial $278.53 million $64.91 million 16.40
Flushing Financial Competitors $5.53 billion $818.14 million 388.97

Flushing Financial’s peers have higher revenue and earnings than Flushing Financial. Flushing Financial is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Dividends

Flushing Financial pays an annual dividend of $0.72 per share and has a dividend yield of 2.6%. Flushing Financial pays out 42.1% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 1.9% and pay out 35.3% of their earnings in the form of a dividend.

Institutional & Insider Ownership

77.3% of Flushing Financial shares are held by institutional investors. Comparatively, 52.3% of shares of all “Banks” companies are held by institutional investors. 4.9% of Flushing Financial shares are held by insiders. Comparatively, 10.4% of shares of all “Banks” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Profitability

This table compares Flushing Financial and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Flushing Financial 19.50% 9.04% 0.77%
Flushing Financial Competitors 18.48% 8.32% 0.94%

Risk & Volatility

Flushing Financial has a beta of 1.07, meaning that its share price is 7% more volatile than the S&P 500. Comparatively, Flushing Financial’s peers have a beta of 0.79, meaning that their average share price is 21% less volatile than the S&P 500.

Analyst Ratings

This is a breakdown of recent recommendations for Flushing Financial and its peers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Flushing Financial 0 3 0 0 2.00
Flushing Financial Competitors 2144 8446 8507 327 2.36

Flushing Financial currently has a consensus price target of $29.67, indicating a potential upside of 5.76%. As a group, “Banks” companies have a potential downside of 1.63%. Given Flushing Financial’s higher possible upside, analysts clearly believe Flushing Financial is more favorable than its peers.

Summary

Flushing Financial peers beat Flushing Financial on 9 of the 15 factors compared.

Flushing Financial Company Profile

Flushing Financial Corporation is the bank holding company for Flushing Bank (the Bank). The Company is a community-oriented financial institution offering a range of financial services. The Bank’s subsidiaries include Flushing Preferred Funding Corporation, Flushing Service Corporation and FSB Properties Inc. The Company also owns Flushing Financial Capital Trust II, Flushing Financial Capital Trust III and Flushing Financial Capital Trust IV (the Trusts). As of December 31, 2016, the Bank operated 19 full-service offices, which were located in the New York City Boroughs of Queens, Brooklyn, and Manhattan, and in Nassau County, New York. The Company also operates an Internet branch, iGObanking.com. The Bank has a business banking unit, which focuses on the development of a full complement of commercial business deposit, loan and cash management products.

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