StockNews.com downgraded shares of First of Long Island (NASDAQ:FLIC – Free Report) from a hold rating to a sell rating in a research report released on Friday morning.
First of Long Island Trading Down 0.4 %
Shares of First of Long Island stock opened at $11.98 on Friday. First of Long Island has a 12-month low of $9.30 and a 12-month high of $14.26. The stock has a market cap of $269.79 million, a P/E ratio of 11.09 and a beta of 0.69. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.37. The business’s 50 day moving average is $10.21 and its 200-day moving average is $10.85.
First of Long Island (NASDAQ:FLIC – Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The bank reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). First of Long Island had a return on equity of 6.54% and a net margin of 14.14%. The company had revenue of $44.27 million for the quarter, compared to the consensus estimate of $22.50 million. During the same quarter in the prior year, the company earned $0.29 EPS. Equities research analysts predict that First of Long Island will post 0.8 earnings per share for the current fiscal year.
First of Long Island Announces Dividend
Institutional Investors Weigh In On First of Long Island
Large investors have recently added to or reduced their stakes in the business. Webster Bank N. A. bought a new stake in First of Long Island in the 1st quarter valued at $28,000. EntryPoint Capital LLC bought a new stake in First of Long Island in the 1st quarter valued at $42,000. CWM LLC raised its stake in First of Long Island by 292.0% in the 2nd quarter. CWM LLC now owns 7,812 shares of the bank’s stock valued at $78,000 after acquiring an additional 5,819 shares during the period. Hillsdale Investment Management Inc. bought a new stake in First of Long Island in the 1st quarter valued at $105,000. Finally, J.W. Cole Advisors Inc. bought a new stake in First of Long Island in the 4th quarter valued at $134,000. Institutional investors own 48.33% of the company’s stock.
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.
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