NASDAQ:FLICFirst of Long Island Stock Price, Forecast & News

$16.13

-0.70 (-4.16 %)

(As of 05/28/2020 04:00 PM ET)

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Today's Range

$16.05

Now: $16.13▼

$17.00

50-Day Range

$13.17

MA: $14.98▼

$17.34

52-Week Range

$12.15

Now: $16.13▼

$25.53

Volume64,400 shs

Average Volume75,971 shs

Market Capitalization$384.64 million

P/E Ratio9.90

Dividend Yield4.28%

Beta0.52

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, public bodies, and other organizations. Its deposit products include business and small business checking, personal checking products, savings accounts, negotiable order of withdrawal accounts and IOLA, escrow service accounts, rent security accounts, time deposits, holiday club accounts, and individual retirement accounts, as well as money market products. The company's loan portfolio comprises commercial and industrial loans, small business credit scored loans, residential and commercial mortgage loans, home equity lines of credit, construction loans, and commercial and standby letters of credit, as well as auto, home improvement, and other consumer loans. It also offers account reconciliation services, ACH origination, ATM banking and deposit automation, bank by mail, bill payment, cash management services, collection services, controlled disbursement accounts, foreign currency sales and purchases, healthcare remittance automation, debit cards, lock box services, merchant credit card services, and mobile capture services, as well as mutual funds, annuities, and life insurance. In addition, the company provides night depository services, payroll services, personal money orders, remote deposit, safe deposit boxes, securities transactions, signature guarantee services, travelers checks, investment management and trust services, domestic and international wire transfers, and withholding tax depository services, as well as drive-through, mobile, online, and telephone banking services. It operates through a network of 51 branches, including 6 full-service branches in Queens, 3 in Brooklyn, and 2 commercial banking offices in Manhattan. The First of Long Island Corporation was founded in 1927 and is headquartered in Glen Head, New York.

Beat the Market (BTM) Rank^™

2.5 Analyst's Opinion

Consensus Rating
First of Long Island has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $19.00, First of Long Island has a potential upside of 17.8% from its current price of $16.13.
Amount of Analyst Coverage
First of Long Island has only been the subject of 1 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
First of Long Island has received 191 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First of Long Island has received 303 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First of Long Island has received 61.34% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about First of Long Island and other stocks. Vote “Outperform” if you believe FLIC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FLIC will underperform the S&P 500 over the long term. You may vote once every thirty days.

5.0 Dividend Strength

Dividend Leadership
First of Long Island is a leading dividend payer. It pays a dividend yield of 4.28%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
First of Long Island has been increasing its dividend for 13 years.
Dividend Coverage
The dividend payout ratio of First of Long Island is 41.14 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, First of Long Island will have a dividend payout ratio of 48.65 % next year. This indicates that First of Long Island will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First of Long Island insiders have bought more of their company's stock than they have sold. Specifically, they have bought $78,602.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 5.35% of the stock of First of Long Island is held by insiders.
Percentage Held by Institutions
56.58% 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.

1.3 Earnings and Valuation

Earnings Growth
Earnings for First of Long Island are expected to decrease by -5.13% in the coming year, from $1.56 to $1.48 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First of Long Island is 9.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.84.
Price to Earnings Ratio vs. Sector
The P/E ratio of First of Long Island is 9.90, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.21.
Price to Book Value per Share Ratio
First of Long Island has a P/B Ratio of 1.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.93 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:FLIC

Previous Symbol

CUSIP32073410

CIK740663

Webwww.fnbli.com

Phone516-671-4900

Debt

Debt-to-Equity Ratio1.24

Current Ratio0.99

Quick Ratio0.99

Price-To-Earnings

Trailing P/E Ratio9.90

Forward P/E Ratio10.34

P/E GrowthN/A

Sales & Book Value

Annual Sales$154.46 million

Price / Sales2.49

Cash Flow$1.82 per share

Price / Cash Flow8.88

Book Value$15.78 per share

Price / Book1.02

Profitability

EPS (Most Recent Fiscal Year)$1.75

Net Income$41.56 million

Net Margins25.99%

Return on Equity10.84%

Return on Assets1.01%

Miscellaneous

Employees344

Outstanding Shares23,846,000

Market Cap$384.64 million

Next Earnings Date8/3/2020 (Estimated)

OptionableOptionable

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First of Long Island (NASDAQ:FLIC) Frequently Asked Questions

How has First of Long Island's stock been impacted by COVID-19 (Coronavirus)?

First of Long Island's stock was trading at $16.75 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FLIC shares have decreased by 3.7% and is now trading at $16.13. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of First of Long Island?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First of Long Island in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for First of Long Island.

When is First of Long Island's next earnings date?

First of Long Island is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for First of Long Island.

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

First of Long Island Corp (NASDAQ:FLIC) announced its earnings results on Thursday, April, 30th. The bank reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.02. The bank had revenue of $28 million for the quarter, compared to analyst estimates of $27.75 million. First of Long Island had a net margin of 25.99% and a return on equity of 10.84%. View First of Long Island's earnings history.

How often does First of Long Island pay dividends? What is the dividend yield for First of Long Island?

First of Long Island declared a quarterly dividend on Monday, March 9th. Investors of record on Tuesday, March 17th will be paid a dividend of $0.18 per share on Friday, March 27th. This represents a $0.72 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Monday, March 16th. View First of Long Island's dividend history.

When did First of Long Island's stock split? How did First of Long Island's stock split work?

First of Long Island's stock split on the morning of Tuesday, November 29th 2016. The 3-2 split was announced on Thursday, October 27th 2016. The newly minted shares were issued to shareholders after the closing bell on Monday, November 28th 2016. An investor that had 100 shares of First of Long Island stock prior to the split would have 150 shares after the split.

What price target have analysts set for FLIC?

1 brokerages have issued twelve-month price objectives for First of Long Island's stock. Their forecasts range from $19.00 to $19.00. On average, they expect First of Long Island's stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 17.8% from the stock's current price. View analysts' price targets for First of Long Island.

Has First of Long Island been receiving favorable news coverage?

Media stories about FLIC stock have been trending positive on Friday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. First of Long Island earned a media sentiment score of 2.2 on InfoTrie's scale. They also gave media stories about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutFirst of Long Island.

Who are some of First of Long Island's key competitors?

Some companies that are related to First of Long Island include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), First Republic Bank (FRC), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), Signature Bank (SBNY) and East West Bancorp (EWBC). View all competitors.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other First of Long Island investors own include IBM (IBM), Altria Group (MO), Realty Income (O), Southern (SO), AT&T (T), Ventas (VTR), Walgreens Boots Alliance (WBA), Chevron (CVX), Enbridge (ENB) and Pfizer (PFE).

Who are First of Long Island's key executives?

First of Long Island's management team includes the following people:

Mr. Michael N. Vittorio, Pres, CEO & Director (Age 66)
Mr. Mark D. Curtis, Sr. EVP, CFO & Treasurer (Age 64)
Mr. Paul J. Daley, Exec. VP (Age 59)
Mr. Christopher J. Hilton MA (Cantab), FCIArb, DL, Exec. VP & Commercial Banking Division - Exec. (Age 42)
Mr. Christopher D. Becker, Exec. VP, Chief Risk Officer & Corp. Sec. (Age 53)

What is First of Long Island's stock symbol?

First of Long Island trades on the NASDAQ under the ticker symbol "FLIC."

Who are First of Long Island's major shareholders?

First of Long Island's stock is owned by a number of retail and institutional investors. Top institutional investors include Franklin Resources Inc. (9.04%), BlackRock Inc. (7.74%), Diamond Hill Capital Management Inc. (1.49%), Wedge Capital Management L L P NC (1.46%), Geode Capital Management LLC (1.46%) and Bank of New York Mellon Corp (0.72%). Company insiders that own First of Long Island stock include Alexander L Cover, Denise Strain, Donald L Manfredonia, Janet T Verneuille, John J Desmond, Mark D Curtis, Michael N Vittorio and Paul T Canarick. View institutional ownership trends for First of Long Island.

Which major investors are selling First of Long Island stock?

FLIC stock was sold by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, Diamond Hill Capital Management Inc., Morgan Stanley, Russell Investments Group Ltd., Mackay Shields LLC, UBS Group AG, Aperio Group LLC, and BlackRock Inc.. Company insiders that have sold First of Long Island company stock in the last year include Mark D Curtis, and Michael N Vittorio. View insider buying and selling activity for First of Long Island.

Which major investors are buying First of Long Island stock?

FLIC stock was bought by a variety of institutional investors in the last quarter, including EJF Capital LLC, Wedge Capital Management L L P NC, Acadian Asset Management LLC, Dupont Capital Management Corp, Jane Street Group LLC, Geode Capital Management LLC, Two Sigma Advisers LP, and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have bought First of Long Island stock in the last two years include Alexander L Cover, Denise Strain, Janet T Verneuille, John J Desmond, and Paul T Canarick. View insider buying and selling activity for First of Long Island.

How do I buy shares of First of Long Island?

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

What is First of Long Island's stock price today?

One share of FLIC stock can currently be purchased for approximately $16.13.

How big of a company is First of Long Island?

First of Long Island has a market capitalization of $384.64 million and generates $154.46 million in revenue each year. The bank earns $41.56 million in net income (profit) each year or $1.75 on an earnings per share basis. First of Long Island employs 344 workers across the globe.

What is First of Long Island's official website?

The official website for First of Long Island is www.fnbli.com.

How can I contact First of Long Island?

First of Long Island's mailing address is 10 GLEN HEAD RD, GLEN HEAD NY, 11545. The bank can be reached via phone at 516-671-4900 or via email at [email protected]

This page was last updated on 5/29/2020 by MarketBeat.com Staff