News stories about First of Long Island (NASDAQ:FLIC) have trended neutral recently, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. First of Long Island earned a coverage optimism score of 0.29 on their scale. InfoTrie also gave media headlines about the bank an news buzz score of 0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected First of Long Island’s score:
Shares of NASDAQ:FLIC traded down $0.68 during midday trading on Friday, hitting $21.43. 61,000 shares of the company’s stock traded hands, compared to its average volume of 66,415. The firm’s fifty day moving average price is $21.66 and its two-hundred day moving average price is $22.07. The company has a market cap of $545.45 million, a PE ratio of 13.15 and a beta of 0.61. First of Long Island has a twelve month low of $17.53 and a twelve month high of $23.65. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.95 and a current ratio of 0.95.
First of Long Island (NASDAQ:FLIC) last announced its quarterly earnings data on Monday, July 29th. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $28.00 million during the quarter, compared to the consensus estimate of $27.81 million. First of Long Island had a net margin of 28.68% and a return on equity of 10.80%. As a group, equities research analysts anticipate that First of Long Island will post 1.72 EPS for the current fiscal year.
A number of research analysts have issued reports on FLIC shares. Zacks Investment Research cut shares of First of Long Island from a “hold” rating to a “sell” rating in a report on Monday. ValuEngine cut shares of First of Long Island from a “hold” rating to a “sell” rating in a research note on Tuesday, June 18th. Boenning Scattergood reaffirmed a “hold” rating on shares of First of Long Island in a research note on Thursday, May 2nd. Finally, BidaskClub raised shares of First of Long Island from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th.
In other news, insider Michael N. Vittorio sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $21.13, for a total value of $63,390.00. Following the completion of the sale, the insider now directly owns 109,679 shares of the company’s stock, valued at approximately $2,317,517.27. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 4.93% of the company’s stock.
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, public bodies, and other organizations. Its deposit products include business and small business checking, personal checking products, savings accounts, negotiable order of withdrawal accounts and IOLA, escrow service accounts, rent security accounts, time deposits, holiday club accounts, and individual retirement accounts, as well as money market products.
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