First of Long Island (FLIC) to Release Quarterly Earnings on Thursday

First of Long Island (NASDAQ:FLICGet Rating) will be issuing its quarterly earnings data before the market opens on Thursday, January 26th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

First of Long Island (NASDAQ:FLICGet Rating) last released its quarterly earnings data on Thursday, October 27th. The bank reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $33.31 million during the quarter, compared to the consensus estimate of $31.90 million. First of Long Island had a return on equity of 11.97% and a net margin of 32.35%. 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 Stock Down 0.4 %

Shares of FLIC stock traded down $0.08 on Tuesday, hitting $18.50. The stock had a trading volume of 19,706 shares, compared to its average volume of 44,807. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average price of $18.50 and a 200 day moving average price of $18.33. The company has a market cap of $419.19 million, a PE ratio of 9.30 and a beta of 0.55. First of Long Island has a one year low of $16.51 and a one year high of $22.95.

First of Long Island Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 12th. Shareholders of record on Tuesday, January 3rd were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, December 30th. This represents a $0.84 dividend on an annualized basis and a yield of 4.54%. First of Long Island’s dividend payout ratio is presently 42.21%.

Institutional Investors Weigh In On First of Long Island

Large investors have recently modified their holdings of the business. Sei Investments Co. boosted its position in First of Long Island by 3.5% in the 2nd quarter. Sei Investments Co. now owns 16,313 shares of the bank’s stock worth $286,000 after purchasing an additional 557 shares in the last quarter. Bank of New York Mellon Corp boosted its position in First of Long Island by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 157,605 shares of the bank’s stock worth $3,068,000 after purchasing an additional 945 shares in the last quarter. Invesco Ltd. boosted its position in First of Long Island by 3.7% in the 1st quarter. Invesco Ltd. now owns 32,388 shares of the bank’s stock worth $630,000 after purchasing an additional 1,155 shares in the last quarter. Alliancebernstein L.P. boosted its position in First of Long Island by 10.4% in the 3rd quarter. Alliancebernstein L.P. now owns 12,721 shares of the bank’s stock worth $219,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in First of Long Island by 2.8% in the 3rd quarter. Royal Bank of Canada now owns 51,652 shares of the bank’s stock worth $891,000 after purchasing an additional 1,425 shares in the last quarter. Hedge funds and other institutional investors own 57.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Piper Sandler reduced their target price on shares of First of Long Island to $18.00 in a report on Tuesday, November 1st. StockNews.com lowered First of Long Island from a “buy” rating to a “hold” rating in a research note on Tuesday, January 10th.

First of Long Island Company Profile

(Get Rating)

The First of Long Island Corporation operates as the holding company for The First National Bank of Long Island that provides financial services to small and medium-sized businesses, professionals, consumers, municipalities, and other organizations. The company offers business and small business checking, personal checking, negotiable order of withdrawal, interest on lawyer, escrow service, rent security, personal and nonpersonal money market, savings, time deposit, holiday club, and individual retirement accounts.

See Also

Earnings History for First of Long Island (NASDAQ:FLIC)

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