First of Long Island (NASDAQ:FLIC) Announces Earnings Results, Misses Expectations By $0.10 EPS

First of Long Island (NASDAQ:FLIC) issued its earnings results on Thursday. The bank reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.10), Zacks reports. First of Long Island had a return on equity of 5.49% and a net margin of 11.15%.

First of Long Island Stock Performance

First of Long Island stock traded up $0.57 during trading hours on Thursday, reaching $12.88. 125,533 shares of the company were exchanged, compared to its average volume of 86,954. First of Long Island has a 12 month low of $9.30 and a 12 month high of $15.03. The firm has a market cap of $290.32 million, a price-to-earnings ratio of 14.64 and a beta of 0.74. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average of $12.75 and a 200 day moving average of $12.78.

First of Long Island Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 31st were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date of this dividend was Tuesday, December 31st. First of Long Island’s payout ratio is 95.46%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of First of Long Island in a research note on Thursday, January 23rd. 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.