First of Long Island (NASDAQ:FLIC) Getting Neutral News Coverage, Study Finds
Headlines about First of Long Island (NASDAQ:FLIC) have been trending neutral on Wednesday, InfoTrie reports. InfoTrie identifies negative and positive press coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of public 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 0.43 on their scale. InfoTrie also gave news coverage about the bank an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company’s share price in the near future.
NASDAQ:FLIC traded down $0.27 during trading hours on Wednesday, hitting $21.66. The stock had a trading volume of 2,186 shares, compared to its average volume of 61,703. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.99. First of Long Island has a 1-year low of $17.53 and a 1-year high of $26.80. The company has a market capitalization of $546.08 million, a price-to-earnings ratio of 13.29 and a beta of 0.73.
First of Long Island (NASDAQ:FLIC) last issued its quarterly earnings data on Tuesday, April 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). First of Long Island had a net margin of 28.70% and a return on equity of 10.80%. The firm had revenue of $27.85 million during the quarter, compared to analyst estimates of $28.65 million. On average, equities analysts anticipate that First of Long Island will post 1.74 earnings per share for the current year.
In other First of Long Island news, CEO Michael N. Vittorio sold 3,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $22.60, for a total value of $67,800.00. Following the completion of the sale, the chief executive officer now owns 112,679 shares of the company’s stock, valued at $2,546,545.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.93% of the stock is owned by company insiders.
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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, 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.
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