First of Long Island (NASDAQ:FLIC) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

First of Long Island (NASDAQ:FLIC) posted its quarterly earnings results on Thursday. The bank reported $0.14 earnings per share 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

Shares of NASDAQ:FLIC opened at $13.00 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 $293.02 million, a price-to-earnings ratio of 14.77 and a beta of 0.74. The business’s 50 day simple moving average is $12.70 and its 200-day simple moving average is $12.79. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.98 and a quick ratio of 0.98.

First of Long Island Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.21 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.46%. First of Long Island’s payout ratio is 95.46%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of First of Long Island in a research report on Friday. They set a “hold” rating on the stock.

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, 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.