E Daily Stock Analysis: First Long Island

Money, Piggy Bank, Coins, Finance, Save, Pig, Euro

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First Long Island Corp has the ticker symbol FLIC and is a small-cap member of the financial services sector as a regional bank. This is my first report on First Long Island Corp for this Vista folio. It was previously reviewed for my earlier portfolios.

First of Long Island Corp is a holding company which provides financial services. 

It offers services of saving account, current account, 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.

It operates through a network of 46 branches, including 19 branches in Nassau, 17 in Suffolk, 6 in Queens, 3 in Brooklyn, and 1 in Manhattan. The First of Long Island Corporation was founded in 1927 and is headquartered in Glen Head, New York.

Three key data points gauge dividend equities or funds like First Long Island Corp:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money. 

FLIC Price

First Long Island's price per share closed at $22.10 yesterday. One year ago its price was $15.55. Thus, price per share grew over 42% year over year as it recovered from the Covid doldrums. 

Should FLIC's stock trade in the range of $12 to $25.00 this next year, its recent $22.10 price might rise by $1.90 to reach $20 by June 3, 2022. My estimate is $0.33  above the median of FLIC's four analyst 1yr price estimates. 

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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