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Flushing Financial Corp (FFIC) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Flushing Financial Corp (FFIC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Flushing Financial Corp attracts retail deposits from the general public and invests those deposits together with funds generated from ongoing operations and borrowings. Flushing Financial Corp has a market cap of $643.340 million; its shares were traded at around $22.99 with a P/E ratio of 11.98 and P/S ratio of 3.62. The dividend yield of Flushing Financial Corp stocks is 3.49%.


For the last quarter Flushing Financial Corp reported a revenue of $38.5 million, compared with the revenue of $46.12 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $176.6 million, a decrease of 3.7% from the previous year. For the last five years Flushing Financial Corp had an average revenue growth rate of 3.4% a year.

The reported diluted earnings per share was $1.92 for the year, an increase of 36.2% from previous year. Over the last five years Flushing Financial Corp had an EPS growth rate of 6.8% a year. The profitability rank of the company is 3 (out of 10).

At the end of the fiscal year, Flushing Financial Corp has the cash and cash equivalents of $118.6 million, compared with $51.5 million in the previous year. The company had no long term debt, compared with $1.3 billion in the previous year. Flushing Financial Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $22.99, Flushing Financial Corp is traded at close to its historical median P/S valuation band of $22.66. The P/S ratio of the stock is 3.62, while the historical median P/S ratio is 3.55. The stock lost 10.07% during the past 12 months.

Directors and Officers Recent Trades:

  • Sr. EVP/COO Maria A Grasso sold 8,000 shares of FFIC stock on 02/21/2019 at the average price of $23.34. The price of the stock has decreased by 1.5% since.
  • Sr. Executive Vice President Francis W Korzekwinski sold 6,615 shares of FFIC stock on 02/20/2019 at the average price of $23.25. The price of the stock has decreased by 1.12% since.

For the complete 20-year historical financial data of FFIC, click here.

This article first appeared on GuruFocus.