The First of Long Island Corporation (FLIC) Receiving Somewhat Positive Press Coverage, Analysis Shows
News headlines about The First of Long Island Corporation (NASDAQ:FLIC) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. The First of Long Island Corporation earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 46.2808258935058 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Islanders Make Bid To Leave Brooklyn, Return To Long Island (newyork.cbslocal.com)
- Breweries in Long Island City are on the rise (amny.com)
- BRIEF-The First of Long Island increases qtrly dividend to $.15/share (FLIC) (markets.businessinsider.com)
- The First of Long Island Corporation Announces Increase in Quarterly Cash Dividend to $.15 Per Share (4-traders.com)
- The First of Long Island Corporation (FLIC) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
The First of Long Island Corporation (NASDAQ:FLIC) opened at 30.45 on Friday. The stock has a market capitalization of $742.43 million, a P/E ratio of 21.72 and a beta of 0.79. The firm’s 50-day moving average is $27.35 and its 200 day moving average is $27.40. The First of Long Island Corporation has a 12-month low of $25.08 and a 12-month high of $40.40.
The First of Long Island Corporation (NASDAQ:FLIC) last posted its quarterly earnings results on Friday, July 28th. The bank reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.02. The firm had revenue of $26.14 million during the quarter, compared to the consensus estimate of $25.86 million. The First of Long Island Corporation had a return on equity of 10.68% and a net margin of 28.29%. Equities research analysts anticipate that The First of Long Island Corporation will post $1.51 earnings per share for the current year.
A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of The First of Long Island Corporation from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Thursday. BidaskClub upgraded shares of The First of Long Island Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, ValuEngine upgraded shares of The First of Long Island Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.
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In related news, insider Michael N. Vittorio sold 3,000 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $26.80, for a total value of $80,400.00. Following the completion of the sale, the insider now directly owns 99,006 shares in the company, valued at approximately $2,653,360.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.83% of the company’s stock.
About The First of Long Island Corporation
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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