The First of Long Island Corporation (NASDAQ:FLIC) Earns News Sentiment Score of 0.26
Media coverage about The First of Long Island Corporation (NASDAQ:FLIC) has been trending positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The First of Long Island Corporation earned a coverage optimism score of 0.26 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.2225235586521 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
FLIC has been the subject of a number of research analyst reports. BidaskClub lowered The First of Long Island Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $30.00 target price on shares of The First of Long Island Corporation in a research report on Wednesday, May 3rd. Finally, Zacks Investment Research raised The First of Long Island Corporation from a “strong sell” rating to a “hold” rating in a research report on Monday, July 3rd.
Shares of The First of Long Island Corporation (NASDAQ FLIC) traded down 0.73% during mid-day trading on Friday, reaching $27.05. The company had a trading volume of 53,849 shares. The company has a market capitalization of $652.69 million, a P/E ratio of 19.29 and a beta of 0.78. The firm has a 50-day moving average of $27.92 and a 200-day moving average of $27.50. The First of Long Island Corporation has a 12-month low of $25.08 and a 12-month high of $40.40.
The First of Long Island Corporation (NASDAQ:FLIC) last released its quarterly earnings results on Friday, July 28th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.02. The First of Long Island Corporation had a net margin of 28.29% and a return on equity of 10.68%. The company had revenue of $26.14 million during the quarter, compared to the consensus estimate of $25.86 million. On average, equities analysts anticipate that The First of Long Island Corporation will post $1.51 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Monday, July 10th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Thursday, July 6th. The First of Long Island Corporation’s payout ratio is currently 40.19%.
In other The First of Long Island Corporation news, insider Donald L. Manfredonia sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $28.71, for a total transaction of $57,420.00. Following the completion of the transaction, the insider now owns 99,731 shares of the company’s stock, valued at $2,863,277.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald L. Manfredonia sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $29.93, for a total transaction of $29,930.00. Following the transaction, the insider now directly owns 97,231 shares of the company’s stock, valued at approximately $2,910,123.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,843 shares of company stock valued at $303,668. 4.83% of the stock is owned by insiders.
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The First of Long Island Corporation Company Profile
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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