Analysts Expect First of Long Island Corp (NASDAQ:FLIC) to Announce $0.43 EPS

Shares of First of Long Island Corp (NASDAQ:FLIC) have been given a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.

Zacks has also given First of Long Island an industry rank of 174 out of 256 based on the ratings given to its competitors.

A number of equities analysts recently weighed in on the stock. Boenning Scattergood reaffirmed a “hold” rating on shares of First of Long Island in a research report on Thursday, May 2nd. Zacks Investment Research raised shares of First of Long Island from a “sell” rating to a “hold” rating in a research report on Saturday. ValuEngine cut shares of First of Long Island from a “hold” rating to a “sell” rating in a research report on Tuesday, June 18th. Finally, BidaskClub cut shares of First of Long Island from a “hold” rating to a “sell” rating in a research report on Saturday, June 15th.

Shares of NASDAQ:FLIC traded up $0.12 during mid-day trading on Tuesday, reaching $21.81. 4,155 shares of the company were exchanged, compared to its average volume of 56,651. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $546.56 million, a price-to-earnings ratio of 13.37 and a beta of 0.61. The company has a 50-day moving average price of $21.45. First of Long Island has a 1 year low of $17.53 and a 1 year high of $23.65.

First of Long Island (NASDAQ:FLIC) last posted its quarterly earnings data on Monday, July 29th. The bank reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $28.00 million during the quarter, compared to analysts’ expectations of $27.81 million. First of Long Island had a net margin of 28.68% and a return on equity of 10.84%. On average, research analysts predict that First of Long Island will post 1.72 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Friday, July 12th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $0.68 dividend on an annualized basis and a yield of 3.12%. First of Long Island’s dividend payout ratio (DPR) is presently 41.72%.

A number of institutional investors have recently added to or reduced their stakes in the business. ClariVest Asset Management LLC raised its holdings in First of Long Island by 1,271.9% in the first quarter. ClariVest Asset Management LLC now owns 91,385 shares of the bank’s stock valued at $2,003,000 after acquiring an additional 84,724 shares in the last quarter. John W. Rosenthal Capital Management Inc. lifted its holdings in shares of First of Long Island by 82.5% during the first quarter. John W. Rosenthal Capital Management Inc. now owns 169,229 shares of the bank’s stock valued at $3,711,000 after acquiring an additional 76,500 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of First of Long Island by 9.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 732,545 shares of the bank’s stock valued at $14,614,000 after acquiring an additional 61,242 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of First of Long Island by 11.2% during the first quarter. Diamond Hill Capital Management Inc. now owns 582,753 shares of the bank’s stock valued at $12,780,000 after acquiring an additional 58,910 shares during the period. Finally, FMR LLC lifted its holdings in shares of First of Long Island by 292,187.5% during the first quarter. FMR LLC now owns 46,766 shares of the bank’s stock valued at $1,025,000 after acquiring an additional 46,750 shares during the period. Institutional investors own 54.16% of the company’s stock.

About First of Long Island

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, 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 money market products.

Further Reading: What is channel trading?

Get a free copy of the Zacks research report on First of Long Island (FLIC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for First of Long Island Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First of Long Island and related companies with MarketBeat.com's FREE daily email newsletter.