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

First of Long Island (NASDAQ:FLIC - Get Free Report) is anticipated 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 - Get Free Report) last posted its earnings results on Thursday, January 30th. The bank reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.10). First of Long Island had a return on equity of 4.74% and a net margin of 9.52%.

First of Long Island Stock Up 0.7 %

Shares of NASDAQ:FLIC traded up $0.08 on Friday, reaching $10.95. The company had a trading volume of 68,301 shares, compared to its average volume of 107,297. The firm has a market capitalization of $247.85 million, a PE ratio of 14.60 and a beta of 0.69. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.15. First of Long Island has a 52-week low of $9.30 and a 52-week high of $15.03. The firm's 50 day simple moving average is $12.16 and its 200-day simple moving average is $12.72.

First of Long Island Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on FLIC shares. Keefe, Bruyette & Woods upgraded shares of First of Long Island from a "market perform" rating to an "outperform" rating and raised their price target for the company from $16.04 to $16.56 in a report on Tuesday, April 1st. StockNews.com initiated coverage on shares of First of Long Island in a report on Sunday, April 13th. They issued a "hold" rating on the stock.

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.