First of Long Island (FLIC) Stock Price, News & Analysis

Company Overview

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. It also provides commercial and residential mortgage, commercial and industrial, small business credit scored, Small Business Administration, construction and land development, consumer, and home equity lines/loans, as well as standby letters of credit; debit or credit cards; and overdraft facilities. In addition, the company offers life insurance, investment management, trust, estate and custody, retail investment, bill payment, lockbox, ACH, safe deposit box rental, wire transfer, money order, checkbook printing, check, ATM, and online and mobile banking services. The First of Long Island Corporation was founded in 1927 and is headquartered in Melville, New York.

Key Stats

• Today's Range: $12.91 to $13.13
• 50-Day Range: $11.55 to $13.51
• 52-Week Range: $9.30 to $13.95
• Volume: 121,261 shs
• Average Volume: 140,025 shs
• Market Capitalization: $291.36 million
• P/E Ratio: 11.98
• Dividend Yield: 6.49%
• Price Target: $13.00
• Consensus Rating: Hold

First of Long Island Stock Analysis - MarketRank™

First of Long Island scored higher than 45% of companies evaluated by MarketBeat, and ranked 691st out of 938 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

First of Long Island has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

First of Long Island has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of First of Long Island is 11.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.57.

Price to Earnings Ratio vs. Sector

The P/E ratio of First of Long Island is 11.98, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 42.51.

Price to Book Value per Share Ratio

First of Long Island has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.62% of the float of First of Long Island has been sold short.

Short Interest Ratio / Days to Cover

First of Long Island has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First of Long Island has recently decreased by 6.62%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

First of Long Island is a leading dividend payer. It pays a dividend yield of 6.59%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

First of Long Island does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of First of Long Island is 77.78%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.62% of the float of First of Long Island has been sold short.

Short Interest Ratio / Days to Cover

First of Long Island has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First of Long Island has recently decreased by 6.62%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.57

News Sentiment

First of Long Island has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.69 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for First of Long Island this week, compared to 3 articles on an average week.

Search Interest

Only 4 people have searched for FLIC on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, First of Long Island insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,116,239.00 in company stock.

Percentage Held by Insiders

Only 6.33% of the stock of First of Long Island is held by insiders.

Percentage Held by Institutions

48.33% of the stock of First of Long Island is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FLIC Stock Analysis - Frequently Asked Questions

How have FLIC shares performed this year?

First of Long Island's stock was trading at $13.24 at the beginning of 2024. Since then, FLIC stock has decreased by 2.3% and is now trading at $12.94.
View the best growth stocks for 2024 here.

How were First of Long Island's earnings last quarter?

The First of Long Island Co. (NASDAQ:FLIC) posted its quarterly earnings results on Thursday, July, 25th. The bank reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. The bank had revenue of $45.41 million for the quarter, compared to analyst estimates of $20.90 million. First of Long Island had a trailing twelve-month return on equity of 5.93% and a net margin of 12.58%.

When did First of Long Island's stock split?

Shares of First of Long Island split before market open on Tuesday, November 29th 2016. The 3-2 split was announced on Thursday, October 27th 2016. The newly created shares were distributed to shareholders after the market closes on Monday, November 28th 2016. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

Who are First of Long Island's major shareholders?

First of Long Island's top institutional investors include CWM LLC (0.07%) and SG Americas Securities LLC (0.04%). Insiders that own company stock include Christopher J Hilton, Eric Tveter, John Abbott Root Cooper and Tanweer Sheikh Ansari.
View institutional ownership trends.

How do I buy shares of First of Long Island?

Shares of FLIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of First of Long Island own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First of Long Island investors own include Realty Income (O), AT&T (T), Walgreens Boots Alliance (WBA), Chevron (CVX), International Business Machines (IBM), Southern (SO) and Verizon Communications (VZ).

Company Calendar

• Ex-Dividend for 7/18 Dividend: 7/10/2024
• Dividend Payable: 7/18/2024
• Last Earnings: 7/25/2024
• Today: 10/09/2024
• Ex-Dividend for 10/21 Dividend: 10/11/2024
• Dividend Payable: 10/21/2024
• Next Earnings (Estimated): 10/24/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:FLIC
• CUSIP: 32073410
• CIK: 740663
• Web: www.fnbli.com
• Phone: (516) 671-4900
• Fax: 516-676-7900
• Employees: 288
• Year Founded: 1927

Price Target and Rating

• Average Stock Price Target: $13.00
• High Stock Price Target: $13.00
• Low Stock Price Target: $13.00
• Potential Upside/Downside: +0.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.08
• Trailing P/E Ratio: 11.98
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $26.24 million
• Net Margins: 12.58%
• Pretax Margin: 13.63%
• Return on Equity: 5.93%
• Return on Assets: 0.52%

Debt

• Debt-to-Equity Ratio: 1.14
• Current Ratio: 0.97
• Quick Ratio: 0.97

Sales & Book Value

• Annual Sales: $88.02 million
• Price / Sales: 3.31
• Cash Flow: $1.37 per share
• Price / Cash Flow: 9.45
• Book Value: $16.83 per share
• Price / Book: 0.77

Miscellaneous

• Outstanding Shares: 22,516,000
• Free Float: 21,091,000
• Market Cap: $291.36 million
• Optionable: Optionable
• Beta: 0.69