First of Long Island Corp
FLIC

$13.34

4.5%

Market Cap: 300M

About: First of Long Island Corp is a holding company that provides financial services. It offers services of saving accounts, current accounts, and capital gain accounts. The company also provides lending services, such as commercial and residential mortgage loans, industrial loans, small business credit scored loans, and other credit facilities. In addition, the company provides account reconciliation services, ATM Banking, bill payment, cash management services, mobile banking, online banking, and payroll services to privately owned businesses, professionals, consumers, and public bodies. Revenue earned by the company mainly consists of the interest on loans and investment securities, fees on deposit accounts, and income from investment management.

Employees: 288

Financials National Commercial Banks

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

0

News positive %

of 7 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

77% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 26

55% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 11

53% more call options, than puts

Call options by funds: $299K | Put options by funds: $195K

6% more funds holding

Funds holding: 103 [Q4 2023] → 109 (+6) [Q1 2024]

3.3% more ownership

Funds ownership: 48.06% [Q4 2023] → 51.36% (+3.3%) [Q1 2024]

11% less capital invested

Capital invested by funds: $144M [Q4 2023] → $128M (-$15.9M) [Q1 2024]

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Research analyst outlook

We haven’t received any recent analyst ratings for FLIC.

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Financial journalist opinion

Based on 7 articles about FLIC published over the past 30 days

The First of Long Island Corporation (FLIC) Q2 2024 Earnings Call Transcript

The First of Long Island Corporation (NASDAQ:FLIC ) Q2 2024 Earnings Conference Call July 26, 2024 2:00 PM ET Company Participants Chris Becker - President and Chief Executive Officer Janet Verneuille - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Chris O'Connell - KBW Operator Welcome to The First of Long Island Corporation's Second Quarter 2024 Earnings Conference Call. On the call today are Chris Becker, President and Chief Executive Officer; and Janet Verneuille, Senior Executive Vice President and Chief Financial Officer.

The First of Long Island Corporation (FLIC) Q2 2024 Earnings Call Transcript

Zacks Investment Research

The First of Long Island (FLIC) Tops Q2 Earnings and Revenue Estimates

The First of Long Island (FLIC) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.31 per share a year ago.

The First of Long Island (FLIC) Tops Q2 Earnings and Revenue Estimates

The First of Long Island Corporation Reports Earnings for the Second Quarter of 2024

MELVILLE, N.Y., July 25, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC, the “Company” or the “Corporation”), the parent of The First National Bank of Long Island (the “Bank”), reported earnings for the three and six months ended June 30, 2024.

The First of Long Island Corporation Reports Earnings for the Second Quarter of 2024

Zacks Investment Research

The First of Long Island (FLIC) Surges 6.5%: Is This an Indication of Further Gains?

The First of Long Island (FLIC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

The First of Long Island (FLIC) Surges 6.5%: Is This an Indication of Further Gains?

The First of Long Island Corporation Announces Second Quarter Earnings Conference Call

MELVILLE, N.Y., July 10, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) will host an earnings conference call on July 26, 2024 at 2:00 pm Eastern time to discuss second quarter results. Financial results will be released after the market closes on July 25, 2024.

The First of Long Island Corporation Announces Second Quarter Earnings Conference Call

The First Of Long Island: Ready To Bounce Back And With A Huge Dividend Yield (Rating Upgrade)

The First of Long Island (FLIC) has faced significant challenges due to the rapid rise in the Fed Funds Rate, leading to a sharp drop in stock price. Despite the decline in profitability and stagnant TBV per share, FLIC remains solid with historic low valuation multiples and a high dividend yield of 8.58%. Management expects a bottom in the net interest margin and potential growth with a reduction in the Fed Funds Rate, making FLIC a buy at its current price below $10 per share.

The First Of Long Island: Ready To Bounce Back And With A Huge Dividend Yield (Rating Upgrade)

The First of Long Island Corporation Announces Second Quarter Cash Dividend of $.21 Per Share

MELVILLE, N.Y., June 28, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a second quarter cash dividend in the amount of $.21 per share. The dividend will be paid on July 18, 2024 to shareholders of record on July 10, 2024.

The First of Long Island Corporation Announces Second Quarter Cash Dividend of $.21 Per Share

Protect Your Wealth: 5 Dividend Aristocrats To Avoid

Dividend aristocrats are highly stable and well-run blue-chip companies that raise their dividends every year for 25-plus consecutive years. However, no stock is a risk-free bond alternative. Even aristocrats can cut their dividends and experience significant losses. Over the last 50 years, dividend cutters suffered 91% inflation-adjusted losses.

Protect Your Wealth: 5 Dividend Aristocrats To Avoid

The First of Long Island Corporation (FLIC) Q1 2024 Earnings Call Transcript

The First of Long Island Corporation (NASDAQ:FLIC ) Q1 2024 Earnings Call Transcript April 26, 2024 2:00 PM ET Company Participants Chris Becker - President and Chief Executive Officer Janet Verneuille - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Alex Twerdahl - Piper Sandler Chris O'Connell - KBW Operator Welcome to The First of Long Island Corporation's First Quarter 2024 Earnings Conference Call. On the call today are Chris Becker, President and Chief Executive Officer; and Janet Verneuille, Senior Executive Vice President and Chief Financial Officer.

The First of Long Island Corporation (FLIC) Q1 2024 Earnings Call Transcript

Zacks Investment Research

The First of Long Island (FLIC) Lags Q1 Earnings and Revenue Estimates

The First of Long Island (FLIC) came out with quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.29 per share a year ago.

The First of Long Island (FLIC) Lags Q1 Earnings and Revenue Estimates

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