First of Long Island (NASDAQ:FLIC) Releases Earnings Results, Beats Estimates By $0.02 EPS

First of Long Island (NASDAQ:FLIC) issued its quarterly earnings data on Thursday. The bank reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02, Zacks reports. The business had revenue of $45.41 million for the quarter, compared to analyst estimates of $20.90 million. First of Long Island had a return on equity of 5.96% and a net margin of 12.58%. During the same quarter in the previous year, the company posted $0.31 EPS.

First of Long Island Price Performance

FLIC stock traded up $0.66 during midday trading on Friday, reaching $13.34. 154,947 shares of the stock were exchanged, compared to its average volume of 203,329. The stock has a market capitalization of $300.42 million, a PE ratio of 12.35 and a beta of 0.69. First of Long Island has a 52 week low of $9.30 and a 52 week high of $14.26. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.99 and a quick ratio of 0.99. The company has a fifty day moving average price of $10.42 and a 200 day moving average price of $10.87.

First of Long Island Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, July 10th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $0.84 dividend on an annualized basis and a yield of 6.30%. First of Long Island’s dividend payout ratio is currently 77.78%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded First of Long Island from a “sell” rating to a “hold” rating in a research report on Saturday.

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, 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.