The First of Long Island Corporation (NASDAQ:FLIC) announced a quarterly dividend on Monday, October 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, October 11th will be given a dividend of 0.15 per share by the bank on Friday, October 20th. This represents a $0.60 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Tuesday, October 10th. This is a positive change from The First of Long Island Corporation’s previous quarterly dividend of $0.14.

Shares of The First of Long Island Corporation (FLIC) opened at 30.50 on Thursday. The stock has a 50 day moving average of $28.12 and a 200 day moving average of $27.64. The company has a market cap of $743.65 million, a price-to-earnings ratio of 21.75 and a beta of 0.81. 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 announced its quarterly earnings results on Friday, July 28th. The bank reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. The firm had revenue of $26.14 million for the quarter, compared to analysts’ expectations of $25.86 million. The First of Long Island Corporation had a net margin of 28.29% and a return on equity of 10.68%. Equities research analysts predict that The First of Long Island Corporation will post $1.51 earnings per share for the current fiscal year.

In other The First of Long Island Corporation news, insider Michael N. Vittorio sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $26.80, for a total value of $80,400.00. Following the transaction, the insider now owns 99,006 shares of the company’s stock, valued at $2,653,360.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.83% of the company’s stock.

Several brokerages have recently weighed in on FLIC. ValuEngine cut shares of The First of Long Island Corporation from a “buy” rating to a “hold” rating in a research report on Monday. Zacks Investment Research raised shares of The First of Long Island Corporation from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Thursday, September 7th. Finally, BidaskClub cut shares of The First of Long Island Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th.

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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.

Dividend History for The First of Long Island Corporation (NASDAQ:FLIC)

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