First of Long Island (FLIC) Expected to Announce Earnings on Wednesday

First of Long Island (NASDAQ:FLIC) is expected to post its quarterly earnings results before the market opens on Wednesday, April 23rd. Analysts expect First of Long Island to post earnings of $0.21 per share and revenue of $21.89 million for the quarter.

First of Long Island (NASDAQ:FLIC) last issued its quarterly earnings results on Thursday, January 30th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.10). First of Long Island had a net margin of 9.52% and a return on equity of 4.74%.

First of Long Island Stock Performance

Shares of FLIC opened at $10.95 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.98 and a quick ratio of 0.98. The firm’s 50 day moving average is $12.16 and its 200-day moving average is $12.72. First of Long Island has a 12-month low of $9.30 and a 12-month high of $15.03. The stock has a market capitalization of $247.85 million, a P/E ratio of 14.60 and a beta of 0.69.

First of Long Island Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 7.67%. The ex-dividend date of this dividend was Monday, March 24th. First of Long Island’s dividend payout ratio is 112.00%.

Analyst Upgrades and Downgrades

Several brokerages have commented on FLIC. Keefe, Bruyette & Woods upgraded shares of First of Long Island from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $16.04 to $16.56 in a report on Tuesday, April 1st. StockNews.com began coverage on shares of First of Long Island in a research note on Monday. They issued a “hold” rating on the stock.

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.