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

First of Long Island (NASDAQ:FLICGet Rating) is set to release its earnings data before the market opens on Thursday, January 26th. Analysts expect First of Long Island to post earnings of $0.49 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

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

Shares of NASDAQ:FLIC opened at $18.50 on Wednesday. The company’s fifty day moving average is $18.50 and its two-hundred day moving average is $18.33. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.92 and a current ratio of 0.92. First of Long Island has a 1-year low of $16.51 and a 1-year high of $22.95. The stock has a market capitalization of $419.19 million, a price-to-earnings ratio of 9.30 and a beta of 0.55.

First of Long Island Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 12th. Investors of record on Tuesday, January 3rd were paid a dividend of $0.21 per share. The ex-dividend date was Friday, December 30th. This represents a $0.84 annualized dividend and a yield of 4.54%. First of Long Island’s dividend payout ratio (DPR) is 42.21%.

Analyst Upgrades and Downgrades

FLIC has been the subject of a number of research reports. StockNews.com downgraded First of Long Island from a “buy” rating to a “hold” rating in a research note on Tuesday, January 10th. Piper Sandler lowered their price objective on First of Long Island to $18.00 in a research note on Tuesday, November 1st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sei Investments Co. raised its holdings in shares of First of Long Island by 3.5% during the second quarter. Sei Investments Co. now owns 16,313 shares of the bank’s stock valued at $286,000 after buying an additional 557 shares during the last quarter. Bank of New York Mellon Corp increased its position in First of Long Island by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 157,605 shares of the bank’s stock valued at $3,068,000 after acquiring an additional 945 shares during the period. Invesco Ltd. raised its stake in First of Long Island by 3.7% during the 1st quarter. Invesco Ltd. now owns 32,388 shares of the bank’s stock valued at $630,000 after acquiring an additional 1,155 shares in the last quarter. Alliancebernstein L.P. boosted its position in First of Long Island by 10.4% during the 3rd quarter. Alliancebernstein L.P. now owns 12,721 shares of the bank’s stock worth $219,000 after acquiring an additional 1,200 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of First of Long Island by 2.8% in the third quarter. Royal Bank of Canada now owns 51,652 shares of the bank’s stock worth $891,000 after purchasing an additional 1,425 shares in the last quarter. 57.03% of the stock is owned by institutional investors and hedge funds.

About First of Long Island

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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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