First of Long Island (FLIC) Stock Price, News & Analysis

Company Overview

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. It also provides commercial and residential mortgage, commercial and industrial, small business credit scored, Small Business Administration, construction and land development, consumer, and home equity lines/loans, as well as standby letters of credit; debit or credit cards; and overdraft facilities. In addition, the company offers life insurance, investment management, trust, estate and custody, retail investment, bill payment, lockbox, ACH, safe deposit box rental, wire transfer, money order, checkbook printing, check, ATM, and online and mobile banking services. The First of Long Island Corporation was founded in 1927 and is headquartered in Melville, New York.

Key Stats

• Today's Range: $13.75 to $14.22
• 50-Day Range: $12.39 to $14.57
• 52-Week Range: $9.30 to $14.67
• Volume: 88,000 shs
• Average Volume: 97,051 shs
• Market Capitalization: $313.76 million
• P/E Ratio: 15.82
• Dividend Yield: 6.03%
• Price Target: $13.00
• Consensus Rating: Hold

First of Long Island Stock Analysis - MarketRank™

First of Long Island scored higher than 54% of companies evaluated by MarketBeat, and ranked 622nd out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

First of Long Island has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

First of Long Island has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of First of Long Island is 15.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.54.

Price to Earnings Ratio vs. Sector

The P/E ratio of First of Long Island is 15.82, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 26.32.

Price to Book Value per Share Ratio

First of Long Island has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.36% of the float of First of Long Island has been sold short.

Short Interest Ratio / Days to Cover

First of Long Island has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First of Long Island has recently decreased by 23.80%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

First of Long Island is a leading dividend payer. It pays a dividend yield of 6.03%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

First of Long Island does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of First of Long Island is 95.46%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.36% of the float of First of Long Island has been sold short.

Short Interest Ratio / Days to Cover

First of Long Island has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First of Long Island has recently decreased by 23.80%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.04

News Sentiment

First of Long Island has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for First of Long Island this week, compared to 2 articles on an average week.

MarketBeat Follows

4 people have added First of Long Island to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, First of Long Island insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,116,239.00 in company stock.

Percentage Held by Insiders

Only 6.33% of the stock of First of Long Island is held by insiders.

Percentage Held by Institutions

48.33% of the stock of First of Long Island is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FLIC Stock Analysis - Frequently Asked Questions

How have FLIC shares performed this year?

First of Long Island's stock was trading at $13.24 on January 1st, 2024. Since then, FLIC shares have increased by 5.1% and is now trading at $13.92.
View the best growth stocks for 2024 here.

How were First of Long Island's earnings last quarter?

The First of Long Island Co. (NASDAQ:FLIC) released its quarterly earnings data on Thursday, July, 25th. The bank reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.02. The bank earned $45.41 million during the quarter, compared to the consensus estimate of $20.90 million. First of Long Island had a net margin of 11.15% and a trailing twelve-month return on equity of 5.49%.

When did First of Long Island's stock split?

Shares of First of Long Island split on the morning of Tuesday, November 29th 2016. The 3-2 split was announced on Thursday, October 27th 2016. The newly minted shares were issued to shareholders after the closing bell on Monday, November 28th 2016. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

Who are First of Long Island's major shareholders?

Top institutional investors of First of Long Island include Hotchkis & Wiley Capital Management LLC (2.45%), State Street Corp (2.24%), Geode Capital Management LLC (2.22%) and Wellington Management Group LLP (1.86%). Insiders that own company stock include Christopher J Hilton, Eric Tveter, John Abbott Root Cooper and Tanweer Sheikh Ansari.
View institutional ownership trends.

How do I buy shares of First of Long Island?

Shares of FLIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of First of Long Island own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First of Long Island investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), AUO (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 7/25/2024
• Ex-Dividend for 10/21 Dividend: 10/11/2024
• Dividend Payable: 10/21/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/23/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:FLIC
• CUSIP: 32073410
• CIK: 740663
• Web: www.fnbli.com
• Phone: (516) 671-4900
• Fax: 516-676-7900
• Employees: 288
• Year Founded: 1927

Price Target and Rating

• Average Stock Price Target: $13.00
• High Stock Price Target: $13.00
• Low Stock Price Target: $13.00
• Potential Upside/Downside: -6.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.88
• Trailing P/E Ratio: 15.82
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $26.24 million
• Net Margins: 11.15%
• Pretax Margin: 11.46%
• Return on Equity: 5.49%
• Return on Assets: 0.49%

Debt

• Debt-to-Equity Ratio: 1.15
• Current Ratio: 0.98
• Quick Ratio: 0.98

Sales & Book Value

• Annual Sales: $86.16 million
• Price / Sales: 3.64
• Cash Flow: $1.36 per share
• Price / Cash Flow: 10.25
• Book Value: $17.24 per share
• Price / Book: 0.81

Miscellaneous

• Outstanding Shares: 22,544,000
• Free Float: 21,117,000
• Market Cap: $313.81 million
• Optionable: Optionable
• Beta: 0.68