First of Long Island (NASDAQ:FLIC) is scheduled to release its earnings data on Monday, January 29th. Analysts expect First of Long Island to post earnings of $0.38 per share for the quarter.
First of Long Island (NASDAQ:FLIC) last announced its earnings results on Monday, October 30th. The bank reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. The business had revenue of $26.87 million for the quarter, compared to analyst estimates of $27.05 million. First of Long Island had a return on equity of 10.81% and a net margin of 28.36%. On average, analysts expect First of Long Island to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
First of Long Island (FLIC) opened at $28.75 on Monday. The firm has a market capitalization of $708.14, a PE ratio of 19.97 and a beta of 0.77. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.24. First of Long Island has a one year low of $25.60 and a one year high of $33.50.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a yield of 2.09%. First of Long Island’s dividend payout ratio is currently 41.67%.
In other news, insider Richard Kick sold 3,975 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $29.00, for a total value of $115,275.00. Following the completion of the transaction, the insider now directly owns 89,310 shares in the company, valued at approximately $2,589,990. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Walter C. Teagle III sold 5,630 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $29.75, for a total value of $167,492.50. Following the completion of the transaction, the director now owns 129,810 shares of the company’s stock, valued at $3,861,847.50. The disclosure for this sale can be found here. Insiders sold a total of 22,434 shares of company stock valued at $661,149 over the last quarter. Company insiders own 4.83% of the company’s stock.
A number of brokerages have weighed in on FLIC. Zacks Investment Research upgraded First of Long Island from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Wednesday, January 3rd. BidaskClub lowered First of Long Island from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. ValuEngine lowered First of Long Island from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Sandler O’Neill set a $33.00 target price on First of Long Island and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.33.
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About First of Long Island
The First of Long Island Corporation is a one-bank holding company. The Company provides financial services through its subsidiary, The First National Bank of Long Island (the Bank). Its services include account reconciliation services, bank by mail, personal money orders, bill payment, remote deposit, cash management services, safe deposit boxes, collection services securities transactions, controlled disbursement accounts, signature guarantee services, drive-through banking, merchant credit card services, and investment management and trust services.
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