News articles about First of Long Island (NASDAQ:FLIC) have been trending somewhat positive recently, InfoTrie reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. First of Long Island earned a daily sentiment score of 2.00 on their scale. InfoTrie also assigned media coverage about the bank an news buzz score of 0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected First of Long Island’s analysis:
- Zacks: Brokerages Anticipate First of Long Island Corp (NASDAQ:FLIC) Will Post Quarterly Sales of $27.56 Million (americanbankingnews.com)
- First of Long Island (NASDAQ:FLIC) Receives News Sentiment Rating of -2.20 (americanbankingnews.com)
- First of Long Island Corp (NASDAQ:FLIC) Sees Significant Decline in Short Interest (americanbankingnews.com)
- Zacks: Analysts Expect First of Long Island Corp (NASDAQ:FLIC) to Post $0.44 Earnings Per Share (americanbankingnews.com)
- First of Long Island (NASDAQ:FLIC) Receiving Somewhat Favorable Media Coverage, Report Shows (americanbankingnews.com)
FLIC has been the topic of a number of analyst reports. BidaskClub cut First of Long Island from a “hold” rating to a “sell” rating in a research note on Tuesday, January 7th. Zacks Investment Research upgraded First of Long Island from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st.
Shares of FLIC stock opened at $23.83 on Thursday. The firm has a market cap of $659.21 million, a P/E ratio of 14.62 and a beta of 0.65. First of Long Island has a fifty-two week low of $20.05 and a fifty-two week high of $25.53. The business’s 50 day moving average price is $24.52 and its 200-day moving average price is $23.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.95 and a current ratio of 0.95.
First of Long Island (NASDAQ:FLIC) last issued its quarterly earnings data on Wednesday, October 30th. The bank reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. The firm had revenue of $27.61 million for the quarter, compared to analyst estimates of $27.79 million. First of Long Island had a return on equity of 10.93% and a net margin of 28.03%. As a group, equities analysts predict that First of Long Island will post 1.73 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 20th. Investors of record on Wednesday, January 8th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $0.72 annualized dividend and a dividend yield of 3.02%. First of Long Island’s dividend payout ratio is presently 44.17%.
In related news, CEO Michael N. Vittorio sold 3,000 shares of First of Long Island stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $24.25, for a total transaction of $72,750.00. Following the sale, the chief executive officer now directly owns 106,679 shares in the company, valued at $2,586,965.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Curtis sold 5,000 shares of First of Long Island stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $23.55, for a total value of $117,750.00. Following the sale, the executive vice president now owns 61,394 shares in the company, valued at $1,445,828.70. The disclosure for this sale can be found here. Insiders own 4.93% of the company’s stock.
About First of Long Island
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, public bodies, and other organizations. Its deposit products include business and small business checking, personal checking products, savings accounts, negotiable order of withdrawal accounts and IOLA, escrow service accounts, rent security accounts, time deposits, holiday club accounts, and individual retirement accounts, as well as money market products.
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