First of Long Island (NASDAQ:FLIC) Announces Earnings Results

First of Long Island (NASDAQ:FLIC) posted its quarterly earnings data on Thursday. The bank reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02, Zacks reports. The company had revenue of $45.41 million for the quarter, compared to analyst estimates of $20.90 million. First of Long Island had a return on equity of 5.96% and a net margin of 12.58%. During the same quarter in the previous year, the firm earned $0.31 earnings per share.

First of Long Island Trading Up 5.2 %

Shares of FLIC traded up $0.66 during trading hours on Friday, hitting $13.34. 154,947 shares of the stock traded hands, compared to its average volume of 203,329. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.37. First of Long Island has a 1-year low of $9.30 and a 1-year high of $14.26. The firm has a market capitalization of $300.42 million, a PE ratio of 12.35 and a beta of 0.69. The business has a fifty day moving average of $10.42 and a 200-day moving average of $10.87.

First of Long Island Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, July 10th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 6.30%. The ex-dividend date of this dividend was Wednesday, July 10th. First of Long Island’s dividend payout ratio (DPR) is presently 77.78%.

Analysts Set New Price Targets

Separately, StockNews.com raised First of Long Island from a “sell” rating to a “hold” rating in a research note on Saturday.

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.