First of Long Island (NASDAQ:FLIC) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

First of Long Island (NASDAQ:FLIC) released its quarterly earnings data 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

Shares of FLIC stock opened at $12.88 on Friday. The company has a market capitalization of $290.32 million, a P/E ratio of 14.64 and a beta of 0.74. First of Long Island has a 52 week low of $9.30 and a 52 week high of $15.03. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 0.98. The company’s 50 day moving average price is $12.73 and its two-hundred day moving average price is $12.78.

First of Long Island Announces Dividend

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

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of First of Long Island in a report on Friday. 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.