First of Long Island (NASDAQ:FLIC) Issues Quarterly Earnings Results

First of Long Island (NASDAQ:FLIC) released its earnings results on Thursday. The bank reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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

NASDAQ:FLIC opened at $12.88 on Friday. First of Long Island has a 12-month low of $9.30 and a 12-month high of $15.03. The firm has a market capitalization of $290.32 million, a price-to-earnings ratio of 14.64 and a beta of 0.74. The stock’s 50 day moving average price is $12.73 and its two-hundred day moving average price is $12.78. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.15.

First of Long Island Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on First of Long Island in a report on Friday. They issued 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.