Notable News to Watch: The First of Long Island Corporation (NASDAQ:FLIC)

The First of Long Island Corporation (NASDAQ:FLIC) spotted trading -6.22% off 52-week high price. On the other end, the stock has been noted 30.80% away from the low price over the last 52-weeks. The stock changed 0.57% to recent value of $22.93. The stock transacted 44761 shares during most recent day however it has an average volume of 73.94K shares. The company has 24.53M of outstanding shares and 23.52M shares were floated in the market.

On Sept. 27, 2019, The First of Long Island Corporation (NASDAQ:FLIC) released the declaration of a third quarter cash dividend in the amount of $.18 per share.  This represents a 5.9% increase over the dividend of $.17 per share declared in the same quarter last year.  The dividend will be paid on October 18, 2019 to shareholders of record on October 9, 2019.

The First National Bank of Long Island is the sole subsidiary of The First of Long Island Corporation.  The Bank currently has fifty-two branches in Nassau and Suffolk Counties, Long Island and the boroughs of Queens, Brooklyn and Manhattan.

Its earnings per share (EPS) expected to touch remained 11.00% for this year while earning per share for the next 5-years is expected to reach at 7.00%.FLIC has a an operating margin of 73.80% while its profit margin remained 28.90% for the last 12 months.

The price moved ahead of 0.65% from the mean of 20 days, 3.76% from mean of 50 days SMA and performed 5.05% from mean of 200 days price. Company’s performance for the week was -0.86%, 6.95% for month and YTD performance remained 14.94%.


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