Financial Services - Banks - Regional - NASDAQ - US
$ 13.92
-0.713 %
$ 314 M
Market Cap
16.0
P/E
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, municipalities, and other organizations. The company offers business and small business checking, personal checking, negotiable order of withdrawal, interest on lawyer, escrow service, rent security, personal and nonpersonal money market, savings, time deposit, holiday club, and individual retirement accounts. It also provides commercial and residential mortgage, commercial and industrial, small business credit scored, Small Business Administration, construction and land development, consumer, and home equity lines of credit/loans, as well as commercial and standby letters of credit; debit or credit cards; and overdraft facilities.[ Read More ]
The intrinsic value of one FLIC stock under the base case scenario is HIDDEN Compared to the current market price of 13.9 USD, The First of Long Island Corporation is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart FLIC
FINANCIALS
93.5 M
REVENUE
43 M
OPERATING INCOME
26.2 M
NET INCOME
32.4 M
OPERATING CASH FLOW
35.6 M
INVESTING CASH FLOW
-81.1 M
FINANCING CASH FLOW
9.53 M
REVENUE
5.6 M
OPERATING INCOME
4.6 M
NET INCOME
11 M
OPERATING CASH FLOW
26.2 M
INVESTING CASH FLOW
-26 M
FINANCING CASH FLOW
Balance Sheet Decomposition
The First of Long Island Corporation
| Current Assets | 60.9 M |
| Cash & Short-Term Investments | 60.9 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 4.18 B |
| Long-Term Investments | 696 M |
| PP&E | 54 M |
| Other Non-Current Assets | 3.43 B |
| Current Liabilities | 2.01 B |
| Accounts Payable | 0 |
| Short-Term Debt | 461 M |
| Other Current Liabilities | 1.55 B |
| Non-Current Liabilities | 3.86 B |
| Long-Term Debt | 106 M |
| Other Non-Current Liabilities | 3.75 B |
EFFICIENCY
Earnings Waterfall
The First of Long Island Corporation
| Revenue | 93.5 M |
| Cost Of Revenue | 1.07 M |
| Gross Profit | 92.5 M |
| Operating Expenses | 93 M |
| Operating Income | 43 M |
| Other Expenses | 16.8 M |
| Net Income | 26.2 M |
RATIOS
98.86%
GROSS MARGIN
45.99%
OPERATING MARGIN
28.06%
NET MARGIN
6.90%
ROE
0.62%
ROA
4.14%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
The First of Long Island Corporation
| Net Income | 26.2 M |
| Depreciation & Amortization | 5.75 M |
| Capital Expenditures | -2.86 M |
| Stock-Based Compensation | 1.25 M |
| Change in Working Capital | -3.37 M |
| Others | 71 K |
| Free Cash Flow | 29.5 M |
Wall Street Analysts Price Targets
The First of Long Island Corporation
FLIC has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
1.63%
DIVIDEND YIELD
0.21 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
The First of Long Island Corporation
Sold
0-3 MONTHS
2.12 M USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
568 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
126 K USD 9
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 months ago
Sep 05, 2024
|
Sell 2.12 M USD
|
Cooper John Abbott Root
Director |
- 166633
|
12.7042 USD |
|
9 months ago
Feb 16, 2024
|
Bought 11.4 K USD
|
CANARICK PAUL T
Director |
+ 1000
|
11.355 USD |
|
8 months ago
Feb 22, 2024
|
Bought 11 K USD
|
QUICK PETER
Director |
+ 1000
|
10.99 USD |
|
8 months ago
Feb 21, 2024
|
Bought 5.57 K USD
|
QUICK PETER
Director |
+ 500
|
11.1392 USD |
|
8 months ago
Feb 21, 2024
|
Bought 5.56 K USD
|
QUICK PETER
Director |
+ 500
|
11.1194 USD |
|
9 months ago
Feb 16, 2024
|
Bought 11.4 K USD
|
CANARICK PAUL T
Director |
+ 1000
|
11.355 USD |
|
9 months ago
Feb 14, 2024
|
Bought 11 K USD
|
Strain Denise
Director |
+ 1000
|
10.9989 USD |
|
9 months ago
Feb 15, 2024
|
Bought 11.2 K USD
|
Tveter Eric
Director |
+ 1000
|
11.1802 USD |
|
9 months ago
Feb 14, 2024
|
Bought 11.1 K USD
|
Haye Edward J.
Director |
+ 1000
|
11.12 USD |
|
9 months ago
Feb 13, 2024
|
Bought 13.7 K USD
|
BECKER CHRISTOPHER
President and CEO |
+ 1250
|
10.9672 USD |
|
9 months ago
Feb 13, 2024
|
Bought 1.1 K USD
|
BECKER CHRISTOPHER
President and CEO |
+ 100
|
10.96 USD |
|
9 months ago
Feb 13, 2024
|
Bought 10.9 K USD
|
VERNEUILLE JANET T
SEVP |
+ 1000
|
10.9493 USD |
|
9 months ago
Feb 13, 2024
|
Bought 10.9 K USD
|
Desmond John J
Director |
+ 1000
|
10.9296 USD |
|
9 months ago
Feb 12, 2024
|
Sell 568 K USD
|
Cooper John Abbott Root
Director |
- 50014
|
11.3647 USD |
|
9 months ago
Feb 13, 2024
|
Bought 11 K USD
|
COVER ALEXANDER L
Director |
+ 1000
|
10.96 USD |
|
1 year ago
Nov 02, 2023
|
Bought 183 K USD
|
HILTON CHRISTOPHER J
Executive Vice President |
+ 16500
|
11.1107 USD |
|
1 year ago
Nov 02, 2023
|
Sell 106 K USD
|
HILTON CHRISTOPHER J
Executive Vice President |
- 9619
|
11.0098 USD |
|
1 year ago
Nov 02, 2023
|
Sell 13.3 K USD
|
HILTON CHRISTOPHER J
Executive Vice President |
- 1216
|
10.9406 USD |
|
1 year ago
Aug 08, 2023
|
Sell 66.9 K USD
|
HILTON CHRISTOPHER J
Executive Vice President |
- 4810
|
13.903 USD |
|
1 year ago
Aug 08, 2023
|
Bought 195 K USD
|
HILTON CHRISTOPHER J
Executive Vice President |
+ 14000
|
13.95 USD |
|
1 year ago
Aug 09, 2023
|
Bought 14.2 K USD
|
Ansari Tanweer Sheikh
EVP, Internal Counsel |
+ 1000
|
14.16 USD |
|
1 year ago
Aug 02, 2023
|
Sell 13.7 K USD
|
Ansari Tanweer Sheikh
EVP, Internal Counsel |
- 1000
|
13.693 USD |
|
1 year ago
Jun 06, 2023
|
Sell 27 K USD
|
HILTON CHRISTOPHER J
Executive Vice President |
- 2500
|
10.78 USD |
|
1 year ago
May 15, 2023
|
Bought 156 K USD
|
Cooper John Abbott Root
Director |
+ 15000
|
10.37 USD |
|
1 year ago
May 12, 2023
|
Bought 150 K USD
|
Cooper John Abbott Root
Director |
+ 15000
|
10.01 USD |
|
1 year ago
May 08, 2023
|
Bought 155 K USD
|
Cooper John Abbott Root
Director |
+ 15000
|
10.33 USD |
|
1 year ago
May 05, 2023
|
Bought 83.4 K USD
|
Cooper John Abbott Root
Director |
+ 7718
|
10.81 USD |
|
3 years ago
May 06, 2021
|
Sell 44.4 K USD
|
TAYLOR MILBREY RENNIE
Director |
- 2000
|
22.18 USD |
|
3 years ago
May 07, 2021
|
Sell 44.4 K USD
|
TAYLOR MILBREY RENNIE
Director |
- 2000
|
22.2 USD |
|
3 years ago
Dec 07, 2020
|
Sell 89.7 K USD
|
TEAGLE WALTER C III
Director |
- 4985
|
17.9953 USD |
|
3 years ago
Nov 30, 2020
|
Sell 17.2 K USD
|
TAYLOR MILBREY RENNIE
Director |
- 1000
|
17.1501 USD |
|
3 years ago
Dec 01, 2020
|
Sell 17.3 K USD
|
TAYLOR MILBREY RENNIE
Director |
- 1000
|
17.314 USD |
|
3 years ago
Nov 23, 2020
|
Sell 17.4 K USD
|
TAYLOR MILBREY RENNIE
Director |
- 1000
|
17.37 USD |
|
3 years ago
Nov 24, 2020
|
Sell 17.9 K USD
|
TAYLOR MILBREY RENNIE
Director |
- 1000
|
17.935 USD |
|
4 years ago
Jun 08, 2020
|
Sell 17.7 K USD
|
TAYLOR MILBREY RENNIE
Director |
- 1000
|
17.7227 USD |
|
4 years ago
Jun 09, 2020
|
Sell 17.3 K USD
|
TAYLOR MILBREY RENNIE
Director |
- 1000
|
17.27 USD |
|
4 years ago
Jun 03, 2020
|
Sell 16.6 K USD
|
TAYLOR MILBREY RENNIE
Director |
- 1000
|
16.5992 USD |
|
4 years ago
Jun 04, 2020
|
Sell 16.1 K USD
|
TAYLOR MILBREY RENNIE
Director |
- 1000
|
16.11 USD |
|
4 years ago
Jun 05, 2020
|
Sell 17.6 K USD
|
TAYLOR MILBREY RENNIE
Director |
- 1000
|
17.575 USD |
|
4 years ago
Mar 13, 2020
|
Bought 16.1 K USD
|
VERNEUILLE JANET T
Executive Vice President |
+ 1000
|
16.0925 USD |
|
4 years ago
Mar 13, 2020
|
Bought 16.4 K USD
|
BECKER CHRISTOPHER
President and CEO |
+ 1000
|
16.356 USD |
|
4 years ago
Mar 13, 2020
|
Bought 282 K USD
|
CANARICK PAUL T
Director |
+ 17928
|
15.72 USD |
|
4 years ago
Mar 12, 2020
|
Bought 45.2 K USD
|
CANARICK PAUL T
Director |
+ 2966
|
15.25 USD |
|
4 years ago
Mar 13, 2020
|
Bought 31.2 K USD
|
COVER ALEXANDER L
Director |
+ 2000
|
15.604 USD |
|
4 years ago
Mar 13, 2020
|
Bought 8.06 K USD
|
HILTON CHRISTOPHER J
Executive Vice President |
+ 500
|
16.1146 USD |
|
4 years ago
Mar 10, 2020
|
Bought 17.3 K USD
|
COVER ALEXANDER L
Director |
+ 1000
|
17.28 USD |
|
4 years ago
Feb 12, 2020
|
Sell 153 K USD
|
VITTORIO MICHAEL N
Director |
- 6570
|
23.2674 USD |
|
4 years ago
Feb 13, 2020
|
Sell 196 K USD
|
VITTORIO MICHAEL N
Director |
- 8430
|
23.2291 USD |
7. News
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.
seekingalpha.com
- 2 weeks ago
The First of Long Island Corporation Reports Earnings for the Third Quarter of 2024
MELVILLE, N.Y., Oct. 24, 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 nine months ended September 30, 2024.
globenewswire.com
- 3 weeks ago
The First of Long Island Corporation Announces Third Quarter Cash Dividend of $.21 per Share
MELVILLE, N.Y., Oct. 01, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a third quarter cash dividend in the amount of $.21 per share. The dividend will be paid on October 21, 2024 to shareholders of record on October 11, 2024.
globenewswire.com
- 1 month ago
Shareholder Alert: Ademi LLP investigates whether The First of Long Island Corporation has obtained a Fair Price for its Public Shareholders
MILWAUKEE , Sept. 17, 2024 /PRNewswire/ -- Ademi LLP is investigating First of Long Island (Nasdaq: FLIC) for possible breaches of fiduciary duty and other violations of law in its transaction with ConnectOne.
prnewswire.com
- 1 month ago
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates FLIC and EVBN on Behalf of Shareholders
NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
globenewswire.com
- 2 months ago
FLIC INVESTIGATION: The M&A Class Action Firm Investigates the Merger of First of Long Island Corp. - FLIC
NEW YORK , Sept. 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.
prnewswire.com
- 2 months ago
ConnectOne Bancorp to Acquire The First of Long Island for $284M
CNOB is set to acquire FLIC for $284 million in an all-stock deal to expand its presence in Long Island. It is set to be 36% accretive to 2025 earnings.
zacks.com
- 2 months ago
FIRST OF LONG ISLAND INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The First of Long Island Corporation - FLIC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of The First of Long Island Corporation (NasdaqCM: FLIC) to ConnectOne Bancorp, Inc. (NasdaqGS: CNOB). Under the terms of the proposed transaction, shareholders of FLIC will receive 0.5175 shares of ConnectOne for each share of FLIC that they own. KSF is seeking to determine whether this consideration and the pro.
businesswire.com
- 2 months ago
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.
zacks.com
- 2 months ago
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.
zacks.com
- 2 months ago
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.
zacks.com
- 2 months ago
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.
zacks.com
- 2 months ago
8. Profile Summary
The First of Long Island Corporation FLIC
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 314 M
Dividend Yield
1.63%
Description
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, municipalities, and other organizations. The company offers business and small business checking, personal checking, negotiable order of withdrawal, interest on lawyer, escrow service, rent security, personal and nonpersonal money market, savings, time deposit, holiday club, and individual retirement accounts. It also provides commercial and residential mortgage, commercial and industrial, small business credit scored, Small Business Administration, construction and land development, consumer, and home equity lines of credit/loans, as well as commercial and standby letters of credit; debit or credit cards; and overdraft facilities. In addition, the company offers life insurance, trust, estate and custody, retail investment, bill payment, lockbox, ACH, safe deposit box rental, wire transfer, money order, checkbook printing, check, ATM, and online and mobile banking services, as well as investment securities, management, and advisory services. It operates 40 branches, including 17 branches in Nassau, 15 in Suffolk, 5 in Queens, 2 in Brooklyn, and 1 in Manhattan. The company was founded in 1927 and is headquartered in Glen Head, New York.
Contact
10 Glen Head Road, Glen Head, NY, 11545
https://www.fnbli.com
IPO Date
Jan. 12, 1987
Employees
288
Officers
Shannon Shakespeare
Senior Vice President & Chief Human Resources Officer
Ms. Susanne Pheffer
Executive Vice President
Mr. Richard P. Perro
Executive Vice President
Robert J. Colosa
Senior Vice President & Chief Auditor
Mr. Christopher J. Hilton DL, FCIArb, MA (Cantab)
Senior Executive Vice President
Mr. Christopher D. Becker
President, Chief Executive Officer & Director
Ms. Janet T. Verneuille CPA
Senior Executive Vice President, Chief Financial Officer & Treasurer
Ms. Maria E. Doyle CPA
Senior Vice President and Director of Financial Reporting & Controls
Mr. Michael J. Spolarich
Executive Vice President
Mr. Tanweer S. Ansari Esq.
Executive Vice President & Chief Risk Officer