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

First of Long Island (NASDAQ:FLIC) will post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect First of Long Island to post earnings of $0.24 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

First of Long Island (NASDAQ:FLIC) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The business had revenue of $22.36 million during the quarter, compared to analysts’ expectations of $23.20 million. First of Long Island had a return on equity of 7.13% and a net margin of 16.22%. On average, analysts expect First of Long Island to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

First of Long Island Stock Performance

Shares of NASDAQ:FLIC opened at $10.11 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50 day moving average price is $10.86 and its 200-day moving average price is $11.56. The firm has a market capitalization of $227.07 million, a PE ratio of 8.64 and a beta of 0.64. First of Long Island has a 1 year low of $8.79 and a 1 year high of $14.26.

First of Long Island Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Wednesday, March 13th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.31%. The ex-dividend date was Tuesday, March 12th. First of Long Island’s dividend payout ratio is presently 71.79%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised First of Long Island from a “sell” rating to a “hold” rating in a research note on Monday, February 26th.

Institutional Trading of First of Long Island

A number of institutional investors have recently made changes to their positions in FLIC. Vanguard Group Inc. boosted its stake in First of Long Island by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 1,136,072 shares of the bank’s stock worth $15,042,000 after buying an additional 11,674 shares during the last quarter. Barclays PLC boosted its stake in First of Long Island by 135.0% during the fourth quarter. Barclays PLC now owns 44,432 shares of the bank’s stock worth $589,000 after buying an additional 25,527 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in First of Long Island by 3.7% during the fourth quarter. Nuveen Asset Management LLC now owns 60,110 shares of the bank’s stock worth $796,000 after buying an additional 2,169 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new position in First of Long Island during the fourth quarter worth $173,000. Finally, Bridgeway Capital Management LLC boosted its stake in First of Long Island by 4.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 100,190 shares of the bank’s stock worth $1,327,000 after buying an additional 4,224 shares during the last quarter. 48.33% of the stock is owned by institutional investors and hedge funds.

First of Long Island Company Profile

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, and individual retirement accounts.