First of Long Island Corp (FLIC) Files 10-K for the Fiscal Year Ended on December 31, 2019

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Mar 10, 2020
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First of Long Island Corp (FLIC, Financial)(30-Year Financial) files its latest 10-K with SEC for the fiscal year ended on December 31, 2019. First of Long Island Corp is a holding company which provides financial services through its subsidiary, The First National Bank of Long Island. It offers services of saving account and lending services to professionals, consumers and public bodies. First of Long Island Corp has a market cap of $413.350 million; its shares were traded at around $17.27 with a P/E ratio of 10.29 and P/S ratio of 4.02. The dividend yield of First of Long Island Corp stocks is 4.04%. GuruFocus has detected 3 severe warning signs with First of Long Island Corp. .

For the last quarter First of Long Island Corp reported a revenue of $27.3 million, compared with the revenue of $24.71 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $110.8 million, an increase of 5.7% from last year. For the complete 30-year financial data, please go here.. For the last five years First of Long Island Corp had an average revenue growth rate of 8.1% a year.

The reported diluted earnings per share was $1.67 for the year, an increase of 2.5% from previous year. Over the last five years First of Long Island Corp had an EPS growth rate of 9% a year. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, First of Long Island Corp has the cash and cash equivalents of $39.0 million, compared with $47.4 million in the previous year. The long term debt was $352.7 million, compared with $362.0 million in the previous year. First of Long Island Corp has a financial strength rank of 2 (out of 10).

At the current stock price of $17.27, First of Long Island Corp is traded at 16.6% discount to its historical median P/S valuation band of $20.71. The P/S ratio of the stock is 4.02, while the historical median P/S ratio is 4.74. The stock lost 20.42% during the past 12 months.

Directors and Officers Recent Trades:

  • Director Michael N Vittorio sold 15,000 shares of FLIC stock on 02/13/2020 at the average price of $23.25. The price of the stock has decreased by 25.72% since.

For the complete 20-year historical financial data of FLIC, click here.