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

$14.35

-1.08 (-7.00 %)

(As of 04/3/2020 04:00 PM ET)

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Today's Range

$14.20

Now: $14.35▼

$15.25

50-Day Range

$12.70

MA: $18.79▼

$23.37

52-Week Range

$12.15

Now: $14.35▼

$25.53

Volume69,600 shs

Average Volume71,649 shs

Market Capitalization$341.43 million

P/E Ratio8.54

Dividend Yield4.67%

Beta0.72

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^™

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for First of Long Island.

1.9 Community Rank

Outperform Votes
First of Long Island has received 187 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First of Long Island has received 296 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First of Long Island has received 61.28% “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 4.67%, 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 40.45 % next year. This indicates that First of Long Island will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First of Long Island insiders have sold 94.50% more of their company's stock than they have bought. Specifically, they have bought $78,602.00 in company stock and sold $152,884.00 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
55.66% 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.

1.9 Earnings and Valuation

Earnings Growth
Earnings for First of Long Island are expected to grow by 2.89% in the coming year, from $1.73 to $1.78 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First of Long Island is 8.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 11.23.
Price to Earnings Ratio vs. Sector
The P/E ratio of First of Long Island is 8.54, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 11.64.
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^™

1.96 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

Webhttp://www.fnbli.com/

Phone516-671-4900

Debt

Debt-to-Equity Ratio0.91

Current Ratio0.95

Quick Ratio0.95

Price-To-Earnings

Trailing P/E Ratio8.54

Forward P/E Ratio8.29

P/E GrowthN/A

Sales & Book Value

Annual Sales$154.46 million

Price / Sales2.21

Cash Flow$1.61 per share

Price / Cash Flow8.92

Book Value$14.08 per share

Price / Book1.02

Profitability

EPS (Most Recent Fiscal Year)$1.75

Net Income$41.56 million

Net Margins26.90%

Return on Equity11.20%

Return on Assets1.04%

Miscellaneous

Employees344

Outstanding Shares23,793,000

Market Cap$341.43 million

Next Earnings Date5/5/2020 (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 reached pandemic status according to the World Health Organization. Since then, FLIC shares have decreased by 14.3% and is now trading at $14.35. View which stocks have been mosted 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 hold rating for the stock, resulting in a consensus recommendation of "Hold." 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 Tuesday, May 5th 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) posted its quarterly earnings results on Thursday, January, 30th. The bank reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.44 by $0.06. The bank earned $27.32 million during the quarter, compared to analyst estimates of $27.56 million. First of Long Island had a return on equity of 11.20% and a net margin of 26.90%. 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. Shareholders 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 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend 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 shares split 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 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.

Has First of Long Island been receiving favorable news coverage?

Media coverage about FLIC stock has been trending very negative on Friday, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. First of Long Island earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company'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 Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), Signature Bank (SBNY) and First Financial Bankshares (FFIN).

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 Walgreens Boots Alliance (WBA), IBM (IBM), Southern (SO), Ventas (VTR), Chevron (CVX), Enbridge (ENB), Altria Group (MO), Realty Income (O), Pfizer (PFE) and Royal Bank of Canada (RY).

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 variety of institutional and retail investors. Top institutional investors include Nelson Van Denburg & Campbell Wealth Management Group LLC (0.11%). 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 institutional investors are selling First of Long Island stock?

FLIC stock was sold by a variety of institutional investors in the last quarter, including Nelson Van Denburg & Campbell Wealth Management Group LLC. 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.

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 $14.35.

How big of a company is First of Long Island?

First of Long Island has a market capitalization of $341.43 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. View additional information about First of Long Island.

What is First of Long Island's official website?

The official website for First of Long Island is http://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 4/3/2020 by MarketBeat.com Staff

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

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Beat the Market (BTM) Rank™

0.0 Analyst's Opinion

Consensus Rating

1.9 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment