NASDAQ:FLIC

The First of Long Island Stock Forecast, Price & News

$21.55

-0.45 (-2.05 %)

(As of 07/30/2021 12:00 AM ET)

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Today's Range

$21.52

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$22.02

50-Day Range

$20.28

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$22.59

52-Week Range

$14.12

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$23.98

Volume57,546 shs

Average Volume73,842 shs

Market Capitalization$512.46 million

P/E Ratio11.71

Dividend Yield3.45%

Beta0.57

30 days | 90 days | 365 days | Advanced Chart

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About The 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. Its deposit products include business and small business checking, personal checking products, savings accounts, negotiable order of withdrawal accounts, interest on lawyer accounts, escrow service accounts, rent security accounts, time deposits, holiday club accounts, and individual retirement accounts, as well as money market accounts. 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 and development loans, small business administration loans, 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 deposits, safe deposit boxes, securities transactions, signature guarantee services, investment management and trust services, domestic and international wire transfers, and withholding tax depository services, as well as online mortgage origination, drive-through, mobile, online, and telephone banking services. It operates through a network of 46 branches, including 19 branches in Nassau, 17 in Suffolk, 6 in Queens, 3 in Brooklyn, and 1 in Manhattan. The First of Long Island Corporation was founded in 1927 and is headquartered in Glen Head, New York.

The First of Long Island (NASDAQ:FLIC) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS
July 30, 2021 | americanbankingnews.com

The First of Long Island Corporation (FLIC)
July 29, 2021 | sg.finance.yahoo.com

The First of Long Island Corporation Reports Earnings for the Second Quarter of 2021
July 29, 2021 | finance.yahoo.com

The First of Long Island (FLIC) Tops Q2 Earnings and Revenue Estimates
July 29, 2021 | finance.yahoo.com

Brokerages Expect The First of Long Island Co. (NASDAQ:FLIC) Will Announce Quarterly Sales of $29.32 Million
July 24, 2021 | americanbankingnews.com

The First of Long Island (FLIC) to Report Q2 Results: What You Should Expect
July 22, 2021 | finance.yahoo.com

$0.45 Earnings Per Share Expected for The First of Long Island Co. (NASDAQ:FLIC) This Quarter
July 22, 2021 | americanbankingnews.com

Short Interest in The First of Long Island Co. (NASDAQ:FLIC) Drops By 45.0%
July 18, 2021 | americanbankingnews.com

Jay Young Sells 15,000 Shares of The First of Long Island Co. (NASDAQ:FLIC) Stock
July 18, 2021 | americanbankingnews.com

Can You Imagine How First of Long Island's (NASDAQ:FLIC) Shareholders Feel About The 38% Share Price Increase?
July 2, 2021 | finance.yahoo.com

See More Headlines

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
Employees350
Year FoundedN/A

Sales & Book Value

Annual Sales$145.30 million
Price / Sales3.53
Cash Flow$2.02 per share
Price / Cash Flow10.69
Book Value$17.04 per share
Price / Book1.26

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares23,780,000
Market Cap$512.46 million
Next Earnings Date11/4/2021 (Estimated)
OptionableOptionable

MarketRank^™

Overall MarketRank^™

2.59 out of 5 stars

Finance Sector

71st out of 2,044 stocks

National Commercial Banks Industry

6th out of 169 stocks

1.5 Analyst's Opinion

Consensus Rating
The First of Long Island has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $19.50, The First of Long Island has a forecasted downside of 9.5% from its current price of $21.55.
Amount of Analyst Coverage
The First of Long Island has received no research coverage in the past 90 days.

3.7 Community Rank

Outperform Votes
The First of Long Island has received 197 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
The First of Long Island has received 160 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
The First of Long Island has received 55.18% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about The 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.

4.2 Dividend Strength

Dividend Yield
The First of Long Island pays a meaningful dividend of 3.45%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
The First of Long Island has been increasing its dividend for 14 years.
Dividend Coverage
The dividend payout ratio of The First of Long Island is 42.22%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, The First of Long Island will have a dividend payout ratio of 40.21% next year. This indicates that The First of Long Island will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, The 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 $44,360.00 in company stock.
Percentage Held by Insiders
Only 4.63% of the stock of The First of Long Island is held by insiders.
Percentage Held by Institutions
57.23% of the stock of The First of Long Island is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for The First of Long Island are expected to grow by 2.16% in the coming year, from $1.85 to $1.89 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of The First of Long Island is 11.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of The First of Long Island is 11.71, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 16.65.
Price to Book Value per Share Ratio
The First of Long Island has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

Is The First of Long Island a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The First of Long Island in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" The First of Long Island stock.
View analyst ratings for The First of Long Island or view top-rated stocks.

What stocks does MarketBeat like better than The First of Long Island?

Wall Street analysts have given The First of Long Island a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but The First of Long Island wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting The First of Long Island?

The First of Long Island saw a decline in short interest during the month of June. As of June 30th, there was short interest totaling 146,200 shares, a decline of 45.0% from the June 15th total of 265,900 shares. Based on an average daily trading volume, of 92,100 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.7% of the shares of the stock are short sold.
View The First of Long Island's Short Interest.

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

The First of Long Island is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for The First of Long Island.

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

The First of Long Island Co. (NASDAQ:FLIC) issued its earnings results on Thursday, July, 29th. The bank reported $0.48 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.44 by $0.04. The First of Long Island had a net margin of 31.54% and a trailing twelve-month return on equity of 10.87%.
View The First of Long Island's earnings history.

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

The 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. Since then, FLIC shares have increased by 28.7% and is now trading at $21.55.
View which stocks have been most impacted by COVID-19.

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

The First of Long Island announced a quarterly dividend on Friday, June 25th. Investors of record on Thursday, July 8th will be given a dividend of $0.19 per share on Friday, July 16th. This represents a $0.76 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Wednesday, July 7th.
View The First of Long Island's dividend history.

Is The First of Long Island a good dividend stock?

The First of Long Island pays an annual dividend of $0.76 per share and currently has a dividend yield of 3.45%. The First of Long Island has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of The First of Long Island is 42.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, The First of Long Island will have a dividend payout ratio of 40.21% next year. This indicates that The First of Long Island will be able to sustain or increase its dividend.
View The First of Long Island's dividend history.

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

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

What price target have analysts set for FLIC?

2 Wall Street analysts have issued 12-month price objectives for The First of Long Island's stock. Their forecasts range from $18.00 to $21.00. On average, they expect The First of Long Island's stock price to reach $19.50 in the next twelve months. This suggests that the stock has a possible downside of 9.5%.
View analysts' price targets for The First of Long Island or view top-rated stocks among Wall Street analysts.

Who are The First of Long Island's key executives?

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

Mr. Christopher D. Becker, Pres, CEO & Director (Age 55, Pay $743.34k)
Mr. Jay P. McConie CPA, Exec. VP, Treasurer & CFO (Age 52, Pay $434.05k)
Mr. Richard P. Perro, Exec. VP (Age 55, Pay $336.21k)
Mr. Christopher J. Hilton MA (Cantab), FCIArb, DL, Exec. VP (Age 44, Pay $443.78k)
Ms. Janet T. Verneuille CPA, CPA, Exec. VP & Chief Risk Officer (Age 60, Pay $436.44k)
Mr. William Aprigliano, Sr. VP & Chief Accounting Officer
Robert J. Colosa, Sr. VP & Chief Auditor
Mr. Michael J. Spolarich, Exec. VP (Age 52)
Ms. Susanne Pheffer, Exec. VP (Age 58)
Ms. Maria E. Doyle, Sr. VP & Controller

What is Michael N. Vittorio's approval rating as The First of Long Island's CEO?

1 employees have rated The First of Long Island CEO Michael N. Vittorio on Glassdoor.com. Michael N. Vittorio has an approval rating of 100% among The First of Long Island's employees. This puts Michael N. Vittorio in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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

Some companies that are related to The First of Long Island include The PNC Financial Services Group (PNC), Truist Financial (TFC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), Zions Bancorporation, National Association (ZION), First Horizon (FHN) and Commerce Bancshares (CBSH).
View all of FLIC's competitors.

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

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

What is The First of Long Island's stock symbol?

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

Who are The First of Long Island's major shareholders?

The First of Long Island's stock is owned by a variety of retail and institutional investors. Top institutional investors include Alliancebernstein L.P. (0.06%). Company insiders that own The First of Long Island stock include Alexander L Cover, Janet T Verneuille, Jay Young, Mark D Curtis, Michael N Vittorio, Milbrey Rennie Taylor, Paul T Canarick and Walter C Teagle III.
View institutional ownership trends for The First of Long Island.

Which institutional investors are selling The First of Long Island stock?

FLIC stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P.. Company insiders that have sold The First of Long Island company stock in the last year include Jay Young, Milbrey Rennie Taylor, and Walter C Teagle III.
View insider buying and selling activity for The First of Long Island or view top insider-selling stocks.

How do I buy shares of The 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

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

One share of FLIC stock can currently be purchased for approximately $21.55.

How much money does The First of Long Island make?

The First of Long Island has a market capitalization of $512.46 million and generates $145.30 million in revenue each year. The bank earns $41.20 million in net income (profit) each year or $1.80 on an earnings per share basis.

How many employees does The First of Long Island have?

The First of Long Island employs 350 workers across the globe.

What is The First of Long Island's official website?

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

Where are The First of Long Island's headquarters?

The First of Long Island is headquartered at 10 GLEN HEAD RD, GLEN HEAD NY, 11545.

How can I contact The First of Long Island?

The 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 7/31/2021 by MarketBeat.com Staff

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