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

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

First of Long Island (NASDAQ:FLICGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. First of Long Island had a net margin of 32.35% and a return on equity of 11.97%. The company had revenue of $33.31 million during the quarter, compared to the consensus estimate of $31.90 million. 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 %

First of Long Island stock traded down $0.08 during trading on Tuesday, reaching $18.50. The stock had a trading volume of 19,706 shares, compared to its average volume of 44,807. First of Long Island has a 52-week low of $16.51 and a 52-week high of $22.95. 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 quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.74. The stock has a market cap of $419.19 million, a PE ratio of 9.30 and a beta of 0.55.

First of Long Island Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 12th. Investors of record on Tuesday, January 3rd were paid 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 currently 42.21%.

Institutional Trading of First of Long Island

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its holdings in First of Long Island by 5.0% during the third quarter. Bank of New York Mellon Corp now owns 156,018 shares of the bank’s stock worth $2,690,000 after purchasing an additional 7,484 shares in the last quarter. Alliancebernstein L.P. raised its holdings in First of Long Island by 10.4% during the third 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. State Street Corp raised its holdings in First of Long Island by 2.4% during the third quarter. State Street Corp now owns 502,688 shares of the bank’s stock worth $8,666,000 after purchasing an additional 11,668 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in First of Long Island during the third quarter worth approximately $320,000. Finally, Two Sigma Advisers LP raised its holdings in First of Long Island by 84.9% during the third quarter. Two Sigma Advisers LP now owns 61,650 shares of the bank’s stock worth $1,063,000 after purchasing an additional 28,300 shares in the last quarter. Institutional investors and hedge funds own 57.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FLIC. StockNews.com downgraded shares of First of Long Island from a “buy” rating to a “hold” rating in a research note on Tuesday, January 10th. Piper Sandler decreased their price target on shares of First of Long Island to $18.00 in a research note on Tuesday, November 1st.

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.

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

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