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

Posted by Editorial Team on Jan 30th, 2025

First of Long Island (NASDAQ:FLIC – Get Free Report) 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 Up 4.6 %

Shares of FLIC stock traded up $0.57 on Thursday, reaching $12.88. 125,533 shares of the company’s stock traded hands, compared to its average volume of 86,954. 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 12-month low of $9.30 and a 12-month 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 business’s 50 day moving average price is $12.75 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. Stockholders of record on Tuesday, December 31st were given a $0.21 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 6.52%. First of Long Island’s dividend payout ratio (DPR) is presently 95.46%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of First of Long Island in a report on Thursday, January 23rd. They issued a “hold” rating for the company.

Check Out Our Latest Report on First of Long Island

About First of Long Island

(Get Free Report)

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.