First of Long Island (NASDAQ:FLIC) Posts Earnings Results, Beats Estimates By $0.02 EPS

First of Long Island (NASDAQ:FLIC) posted its quarterly earnings results on Thursday. The bank reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02, Zacks reports. First of Long Island had a return on equity of 5.96% and a net margin of 12.58%. The business had revenue of $45.41 million for the quarter, compared to the consensus estimate of $20.90 million. During the same period in the prior year, the business earned $0.31 EPS.

First of Long Island Stock Up 5.2 %

Shares of First of Long Island stock traded up $0.66 on Friday, hitting $13.34. The company had a trading volume of 154,947 shares, compared to its average volume of 203,329. The stock has a market capitalization of $300.36 million, a price-to-earnings ratio of 12.35 and a beta of 0.69. First of Long Island has a 1 year low of $9.30 and a 1 year high of $14.26. The stock has a 50 day moving average of $10.42 and a 200-day moving average of $10.87. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.99 and a current ratio of 0.99.

First of Long Island Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, July 10th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 6.30%. The ex-dividend date was Wednesday, July 10th. First of Long Island’s dividend payout ratio (DPR) is presently 77.78%.

Analyst Ratings Changes

Separately, StockNews.com raised First of Long Island from a “sell” rating to a “hold” rating in a research note on Saturday.

About 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. 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.