Press coverage about The First of Long Island Corporation (NASDAQ:FLIC) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. The First of Long Island Corporation earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 45.7668767856236 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Insider Selling: The First of Long Island Corporation (FLIC) Director Sells 2,079 Shares of Stock (americanbankingnews.com)
- First National Bank of Long Island plans NYC expansion (newsday.com)
- The First of Long Island Corporation (FLIC) Announces Quarterly Earnings Results, Meets Expectations (americanbankingnews.com)
- BRIEF-First of Long Island Corp reports Q3 earnings per share $0.38 (reuters.com)
- The First of Long Island EPS in-line, beats on revenue (seekingalpha.com)
The First of Long Island Corporation (NASDAQ:FLIC) traded down $0.50 during mid-day trading on Friday, reaching $29.65. The company had a trading volume of 39,984 shares, compared to its average volume of 55,147. The firm has a market capitalization of $722.96, a price-to-earnings ratio of 20.59 and a beta of 0.81. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.25.
The First of Long Island Corporation (NASDAQ:FLIC) last released its earnings results on Monday, October 30th. The bank reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. The First of Long Island Corporation had a return on equity of 11.02% and a net margin of 28.36%. The business had revenue of $26.87 million for the quarter, compared to the consensus estimate of $27.05 million. equities analysts predict that The First of Long Island Corporation will post 1.5 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Wednesday, October 11th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, October 10th. This is an increase from The First of Long Island Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 2.02%. The First of Long Island Corporation’s dividend payout ratio (DPR) is 41.67%.
A number of research firms have recently commented on FLIC. ValuEngine lowered The First of Long Island Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded The First of Long Island Corporation from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Thursday, September 7th. Finally, BidaskClub lowered The First of Long Island Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th.
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In other The First of Long Island Corporation news, Director Milbrey Rennie Taylor sold 2,079 shares of The First of Long Island Corporation stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $30.11, for a total transaction of $62,598.69. Following the sale, the director now directly owns 20,001 shares of the company’s stock, valued at $602,230.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael N. Vittorio sold 3,000 shares of The First of Long Island Corporation stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $26.80, for a total value of $80,400.00. Following the sale, the insider now directly owns 99,006 shares in the company, valued at $2,653,360.80. The disclosure for this sale can be found here. 4.83% of the stock is owned by company insiders.
About The First of Long Island Corporation
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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