First of Long Island (FLIC) Receiving Somewhat Favorable News Coverage, Study Finds
Press coverage about First of Long Island (NASDAQ:FLIC) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First of Long Island earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 43.8922949736776 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- First of Long Island (FLIC) & The Competition Head-To-Head Contrast (americanbankingnews.com)
- Long Blockchain enters into convertible debt facility to help fund change in business focus (marketwatch.com)
- Critical Comparison: First of Long Island (FLIC) versus Its Rivals (americanbankingnews.com)
- First of Long Island Corp (FLIC) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Long Island Iced Tea Corp. Stock Skyrockets After Blockchain Rebranding (geek.com)
First of Long Island (NASDAQ:FLIC) opened at $29.10 on Thursday. The firm has a market cap of $727.85, a price-to-earnings ratio of 19.40 and a beta of 0.77. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.24. First of Long Island has a fifty-two week low of $25.60 and a fifty-two week high of $33.50.
First of Long Island (NASDAQ:FLIC) last announced its quarterly earnings data on Monday, October 30th. The bank reported $0.38 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. First of Long Island had a net margin of 28.36% and a return on equity of 10.81%. The company had revenue of $26.87 million during the quarter, compared to analyst estimates of $27.05 million. sell-side analysts predict that First of Long Island will post 1.5 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Friday, December 29th will be given a $0.15 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.06%. First of Long Island’s payout ratio is currently 40.00%.
FLIC has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of First of Long Island from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Thursday, September 7th. ValuEngine lowered shares of First of Long Island from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
In related news, Director Walter C. Teagle III sold 5,630 shares of First of Long Island stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $29.75, for a total value of $167,492.50. Following the sale, the director now directly owns 129,810 shares in the company, valued at approximately $3,861,847.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Richard Kick sold 3,975 shares of First of Long Island stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $29.00, for a total transaction of $115,275.00. Following the completion of the sale, the insider now owns 89,310 shares in the company, valued at $2,589,990. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,434 shares of company stock worth $661,149. Insiders own 4.83% of the company’s stock.
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About First of Long Island
The First of Long Island Corporation is a one-bank holding company. The Company provides financial services through its subsidiary, The First National Bank of Long Island (the Bank). Its services include account reconciliation services, bank by mail, personal money orders, bill payment, remote deposit, cash management services, safe deposit boxes, collection services securities transactions, controlled disbursement accounts, signature guarantee services, drive-through banking, merchant credit card services, and investment management and trust services.
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