First of Long Island (NASDAQ:FLIC) Announces Quarterly Earnings Results

Posted by Tech Dows on Jan 30th, 2025

First of Long Island (NASDAQ:FLIC – Get Free Report) posted its earnings results on Thursday. The bank reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.10), Zacks reports. First of Long Island had a net margin of 11.15% and a return on equity of 5.49%.

First of Long Island Stock Performance

NASDAQ:FLIC traded up $0.57 during midday trading on Thursday, reaching $12.88. The stock had a trading volume of 125,533 shares, compared to its average volume of 86,954. The stock has a market capitalization of $290.32 million, a P/E ratio of 14.64 and a beta of 0.74. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.98 and a quick ratio of 0.98. First of Long Island has a 1-year low of $9.30 and a 1-year high of $15.03. The firm’s fifty day simple moving average is $12.75 and its 200-day simple moving average is $12.78.

First of Long Island Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 31st were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 6.52%. The ex-dividend date of this dividend was Tuesday, December 31st. First of Long Island’s dividend payout ratio is currently 95.46%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on First of Long Island in a report on Thursday, January 23rd. They set a “hold” rating on the stock.

Check Out Our Latest Stock Report on FLIC

First of Long Island Company Profile

(Get Free Report)

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.