First of Long Island (NASDAQ:FLIC) Announces Quarterly Earnings Results

First of Long Island (NASDAQ:FLIC) posted its earnings results on Thursday. The bank reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02, Zacks reports. First of Long Island had a net margin of 12.58% and a return on equity of 5.96%. The firm had revenue of $45.41 million during the quarter, compared to analysts’ expectations of $20.90 million. During the same quarter in the prior year, the firm earned $0.31 EPS.

First of Long Island Price Performance

Shares of First of Long Island stock traded up $0.66 on Friday, hitting $13.34. The company had a trading volume of 154,947 shares, compared to its average volume of 203,329. The business has a 50-day simple moving average of $10.42 and a 200-day simple moving average of $10.87. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $300.36 million, a PE ratio of 12.35 and a beta of 0.69. First of Long Island has a 52 week low of $9.30 and a 52 week high of $14.26.

First of Long Island Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, July 10th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 6.30%. The ex-dividend date of this dividend was Wednesday, July 10th. First of Long Island’s dividend payout ratio (DPR) is presently 77.78%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of First of Long Island from a “sell” rating to a “hold” rating in a research report on Saturday.

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.