First of Long Island (FLIC) Earning Somewhat Favorable Media Coverage, Analysis Shows
Press coverage about First of Long Island (NASDAQ:FLIC) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. First of Long Island earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 45.9980233320766 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
First of Long Island (FLIC) opened at $28.60 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $703.22, a PE ratio of 19.86 and a beta of 0.77. First of Long Island has a fifty-two week low of $25.60 and a fifty-two week high of $33.50.
First of Long Island (NASDAQ:FLIC) last posted its quarterly earnings results on Monday, October 30th. The bank reported $0.38 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.38. The firm had revenue of $26.87 million during the quarter, compared to the consensus estimate of $27.05 million. First of Long Island had a return on equity of 10.81% and a net margin of 28.36%. analysts anticipate that First of Long Island will post 1.5 EPS for the current year.
FLIC has been the subject of a number of research reports. Zacks Investment Research upgraded First of Long Island from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Thursday, September 28th. Sandler O’Neill set a $33.00 price objective on First of Long Island and gave the stock a “buy” rating in a report on Wednesday, January 3rd. ValuEngine downgraded First of Long Island from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, BidaskClub downgraded First of Long Island from a “hold” rating to a “sell” rating in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $31.33.
In other First of Long Island news, insider Richard Kick sold 3,975 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $29.00, for a total value of $115,275.00. Following the completion of the transaction, the insider now directly owns 89,310 shares in the company, valued at $2,589,990. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Walter C. Teagle III sold 5,630 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $29.75, for a total value of $167,492.50. Following the completion of the transaction, the director now owns 129,810 shares of the company’s stock, valued at $3,861,847.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,434 shares of company stock valued at $661,149. Corporate insiders own 4.83% of the company’s stock.
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First of Long Island Company Profile
The First of Long Island Corporation is a one-bank holding company. The Company provides financial services through its subsidiary, The First National Bank of Long Island (the Bank). Its services include account reconciliation services, bank by mail, personal money orders, bill payment, remote deposit, cash management services, safe deposit boxes, collection services securities transactions, controlled disbursement accounts, signature guarantee services, drive-through banking, merchant credit card services, and investment management and trust services.
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