First of Long Island (FLIC) to Release Earnings on Thursday

First of Long Island (NASDAQ:FLIC) will be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

First of Long Island (NASDAQ:FLIC) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. First of Long Island had a net margin of 16.22% and a return on equity of 7.13%. The firm had revenue of $22.36 million during the quarter, compared to analysts’ expectations of $23.20 million. On average, analysts expect First of Long Island to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

First of Long Island Stock Up 0.6 %

FLIC opened at $10.11 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.24. The firm has a 50 day moving average price of $10.86 and a 200-day moving average price of $11.56. First of Long Island has a twelve month low of $8.79 and a twelve month high of $14.26. The stock has a market capitalization of $227.07 million, a price-to-earnings ratio of 8.64 and a beta of 0.64.

First of Long Island Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.21 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.84 annualized dividend and a dividend yield of 8.31%. First of Long Island’s payout ratio is 71.79%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of First of Long Island from a “sell” rating to a “hold” rating in a report on Monday, February 26th.

Institutional Trading of First of Long Island

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. increased its holdings in First of Long Island by 3.5% during the second quarter. Sei Investments Co. now owns 16,313 shares of the bank’s stock valued at $286,000 after buying an additional 557 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of First of Long Island by 5.5% in the fourth quarter. Alliancebernstein L.P. now owns 13,421 shares of the bank’s stock worth $242,000 after purchasing an additional 700 shares during the period. Bank of New York Mellon Corp boosted its position in shares of First of Long Island by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 157,605 shares of the bank’s stock worth $3,068,000 after purchasing an additional 945 shares during the period. Invesco Ltd. boosted its position in shares of First of Long Island by 3.7% in the first quarter. Invesco Ltd. now owns 32,388 shares of the bank’s stock worth $630,000 after purchasing an additional 1,155 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of First of Long Island by 3.8% in the second quarter. Stifel Financial Corp now owns 35,232 shares of the bank’s stock worth $423,000 after purchasing an additional 1,285 shares during the period. 48.33% of the stock is owned by hedge funds and other institutional investors.

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, 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.