The First of Long Island Corporation (FLIC)
NASDAQ (CM) NASDAQ (CM) Primary 
The First of Long Island Corporation Offers Strong Income Ahead Of A Merger
The First of Long Island Corporation offers a 6.5% yield, making it attractive for income investors despite some weakening in operating metrics and return metrics. The bank's asset quality remains strong, with slight improvements in credit loss provisions and stable loan and deposit levels. 2024 saw a decline in revenues and earnings, but the bank had a better H2 2024, with margins improving throughout the year.
First of Long Island Corporation: Q3 Earnings Merit A Buy
The First of Long Island Corporation is a regional bank with a strong Q3 2024 performance, despite slight revenue dips and competitive deposit markets. Margins are improving, loan demand is stable, and asset quality remains strong, supporting our buy recommendation at current levels. The stock offers a 6.7% yield and trades at a discount-to-book value, with book value per share at $17.25 versus $12.70.
New Strong Buy Stocks for September 4th
FLIC, MHO, SMFG, PED and UL have been added to the Zacks Rank #1 (Strong Buy) List on September 4, 2024.
Best Income Stocks to Buy for September 4th
TMICY, FLIC and PCB made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 4, 2024.
What Makes The First of Long Island (FLIC) a New Strong Buy Stock
The First of Long Island (FLIC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Best Income Stocks to Buy for August 29th
MPLX, FLIC and FMNB made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 29, 2024.
Here's Why The First of Long Island (FLIC) Looks Ripe for Bottom Fishing
After losing some value lately, a hammer chart pattern has been formed for The First of Long Island (FLIC), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
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 (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) 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: 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.
