First of Long Island (NASDAQ:FLIC) Issues Earnings Results, Beats Estimates By $0.01 EPS
First of Long Island (NASDAQ:FLIC) issued its earnings results on Monday. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01, Fidelity Earnings reports. The company had revenue of $28.00 million for the quarter, compared to analysts’ expectations of $27.81 million. First of Long Island had a net margin of 28.70% and a return on equity of 10.80%.
Shares of FLIC stock traded up $0.07 on Tuesday, reaching $22.03. The stock had a trading volume of 51 shares, compared to its average volume of 56,590. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.99. The stock’s 50-day moving average price is $21.33. The stock has a market capitalization of $547.57 million, a price-to-earnings ratio of 13.56 and a beta of 0.64. First of Long Island has a 12 month low of $17.53 and a 12 month high of $24.90.
The company also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Friday, July 12th were issued a $0.17 dividend. The ex-dividend date was Thursday, July 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.09%. First of Long Island’s payout ratio is 41.72%.
A number of equities research analysts have recently issued reports on FLIC shares. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a report on Thursday, May 2nd. Zacks Investment Research raised shares of Icon from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a report on Thursday, May 30th. ValuEngine cut shares of Virtu Financial from a “hold” rating to a “sell” rating in a report on Tuesday, June 18th. Finally, BidaskClub cut shares of Xilinx from a “buy” rating to a “hold” rating in a report on Saturday, June 15th.
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.
Recommended Story: What is net income?
Receive News & Ratings for First of Long Island Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First of Long Island and related companies with MarketBeat.com's FREE daily email newsletter.