First of Long Island (NASDAQ:FLIC) Announces Earnings Results, Misses Estimates By $0.10 EPS

First of Long Island (NASDAQ:FLIC) released its earnings results on Thursday. The bank reported $0.14 EPS 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 Price Performance

FLIC traded up $0.57 during midday trading on Thursday, reaching $12.88. 125,533 shares of the company’s stock were exchanged, compared to its average volume of 86,954. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $290.32 million, a price-to-earnings ratio of 14.64 and a beta of 0.74. First of Long Island has a one year low of $9.30 and a one year high of $15.03. The business has a 50-day simple moving average of $12.75 and a two-hundred day simple moving average of $12.78.

First of Long Island Announces Dividend

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

Analysts Set New Price Targets

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

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.