Analysts Anticipate First of Long Island Corp (NASDAQ:FLIC) to Announce $0.43 Earnings Per Share
Wall Street brokerages expect that First of Long Island Corp (NASDAQ:FLIC) will announce earnings of $0.43 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for First of Long Island’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.41. First of Long Island posted earnings of $0.39 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The business is expected to announce its next earnings report on Tuesday, October 29th.
On average, analysts expect that First of Long Island will report full year earnings of $1.72 per share for the current financial year, with EPS estimates ranging from $1.69 to $1.74. For the next year, analysts forecast that the business will report earnings of $1.69 per share, with EPS estimates ranging from $1.60 to $1.77. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover First of Long Island.
First of Long Island (NASDAQ:FLIC) last issued its quarterly earnings results on Monday, July 29th. The bank reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $28.00 million for the quarter, compared to analyst estimates of $27.81 million. First of Long Island had a net margin of 28.68% and a return on equity of 10.84%.
Shares of NASDAQ:FLIC traded up $0.18 during trading on Tuesday, reaching $21.87. The company had a trading volume of 36,228 shares, compared to its average volume of 66,365. The company has a fifty day moving average price of $21.47. The stock has a market cap of $546.56 million, a PE ratio of 13.42 and a beta of 0.61. First of Long Island has a 12 month low of $17.53 and a 12 month high of $23.65. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.95 and a quick ratio of 0.95.
The business also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Friday, July 12th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend was Thursday, July 11th. First of Long Island’s payout ratio is 41.72%.
Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in shares of First of Long Island by 669.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,733 shares of the bank’s stock worth $95,000 after buying an additional 4,118 shares during the last quarter. Legal & General Group Plc boosted its position in First of Long Island by 20.4% during the 4th quarter. Legal & General Group Plc now owns 4,826 shares of the bank’s stock valued at $97,000 after buying an additional 817 shares during the period. BNP Paribas Arbitrage SA boosted its position in First of Long Island by 425.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,137 shares of the bank’s stock valued at $113,000 after buying an additional 4,159 shares during the period. SG Americas Securities LLC purchased a new stake in First of Long Island during the 1st quarter valued at $134,000. Finally, JPMorgan Chase & Co. boosted its position in First of Long Island by 9.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,775 shares of the bank’s stock valued at $141,000 after buying an additional 592 shares during the period. 54.16% of the stock is currently owned by hedge funds and other institutional investors.
First of Long Island Company Profile
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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