News stories about First of Long Island (NASDAQ:FLIC) have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. First of Long Island earned a news impact score of -1.33 on their scale. InfoTrie also gave media coverage about the bank an news buzz score of 1 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted First of Long Island’s ranking:
- Somewhat Negative Press Coverage Extremely Unlikely to Affect First of Long Island (FLIC) Share Price (americanbankingnews.com)
- First of Long Island (NASDAQ:FLIC) Shareholders Have Enjoyed A 24% Share Price Gain (finance.yahoo.com)
- Boenning & Scattergood Initiates a Hold Rating on The First Of Long Island Corp (FLIC) (smarteranalyst.com)
- First of Long Island (FLIC) Coverage Initiated at Boenning Scattergood (americanbankingnews.com)
- First of Long Island Corp (FLIC) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
A number of research firms have recently commented on FLIC. BidaskClub raised shares of First of Long Island from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. Zacks Investment Research lowered shares of First of Long Island from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Finally, Boenning Scattergood began coverage on shares of First of Long Island in a research note on Monday. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $25.50.
NASDAQ:FLIC opened at $22.28 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.94 and a current ratio of 0.94. First of Long Island has a 52 week low of $17.53 and a 52 week high of $28.50. The firm has a market capitalization of $556.07 million, a PE ratio of 13.67 and a beta of 0.68.
First of Long Island (NASDAQ:FLIC) last posted its quarterly earnings data on Wednesday, January 30th. The bank reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.05). First of Long Island had a net margin of 29.59% and a return on equity of 11.06%. The firm had revenue of $24.71 million during the quarter, compared to the consensus estimate of $28.51 million. Equities research analysts forecast that First of Long Island will post 1.8 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Tuesday, March 12th were given a dividend of $0.17 per share. The ex-dividend date was Monday, March 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.05%. First of Long Island’s payout ratio is presently 41.72%.
In related news, insider Michael N. Vittorio sold 3,000 shares of the business’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $21.12, for a total transaction of $63,360.00. Following the transaction, the insider now owns 115,679 shares in the company, valued at approximately $2,443,140.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.93% of the stock is owned by insiders.
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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 privately owned businesses, professionals, consumers, public bodies, and other organizations. Its deposit products include business and small business checking, personal checking products, savings accounts, negotiable order of withdrawal accounts and IOLA, escrow service accounts, rent security accounts, time deposits, holiday club accounts, and individual retirement accounts, as well as personal and non-personal money market and savings products.
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