StockNews.com initiated coverage on shares of First of Long Island (NASDAQ:FLIC - Free Report) in a research report sent to investors on Friday. The firm issued a hold rating on the bank's stock.
First of Long Island Stock Performance
FLIC traded up $0.06 during trading on Friday, hitting $12.35. The company's stock had a trading volume of 134,955 shares, compared to its average volume of 108,394. First of Long Island has a one year low of $9.30 and a one year high of $15.03. The business's 50 day simple moving average is $12.70 and its 200-day simple moving average is $12.92. 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 cap of $279.54 million, a PE ratio of 16.47 and a beta of 0.75.
First of Long Island (NASDAQ:FLIC - Get Free Report) last released its earnings results on Thursday, January 30th. The bank reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.10). First of Long Island had a net margin of 9.52% and a return on equity of 4.74%.
First of Long Island Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date of this dividend is Monday, March 24th. First of Long Island's payout ratio is 112.00%.
Hedge Funds Weigh In On First of Long Island
A number of hedge funds have recently modified their holdings of FLIC. FMR LLC lifted its stake in shares of First of Long Island by 124.0% during the 3rd quarter. FMR LLC now owns 3,522 shares of the bank's stock valued at $45,000 after buying an additional 1,950 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of First of Long Island in the fourth quarter valued at about $126,000. Wealth Enhancement Advisory Services LLC purchased a new position in First of Long Island in the 4th quarter worth approximately $126,000. Algert Global LLC bought a new position in First of Long Island in the 4th quarter worth approximately $134,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in First of Long Island during the 4th quarter valued at approximately $136,000. 48.33% of the stock is currently owned by institutional investors.
First of Long Island Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider First of Long Island, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First of Long Island wasn't on the list.
While First of Long Island currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
