First of Long Island (NASDAQ:FLIC) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

First of Long Island (NASDAQ:FLIC - Get Free Report) released its quarterly earnings results on Thursday. The bank reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.10), Zacks reports. First of Long Island had a net margin of 9.52% and a return on equity of 4.74%.

First of Long Island Trading Down 0.6 %

FLIC stock traded down $0.08 during trading on Monday, hitting $12.92. The company had a trading volume of 83,415 shares, compared to its average volume of 89,196. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $291.22 million, a P/E ratio of 17.23 and a beta of 0.75. The company has a 50 day simple moving average of $12.66 and a 200-day simple moving average of $12.81. First of Long Island has a 52-week low of $9.30 and a 52-week high of $15.03.

First of Long Island Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 31st were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 6.50%. The ex-dividend date was Tuesday, December 31st. First of Long Island's dividend payout ratio (DPR) is presently 112.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on First of Long Island in a research report on Friday. They issued a "hold" rating for the company.

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.