Financial Analysis: First of Long Island (FLIC) vs. Its Rivals
First of Long Island (NASDAQ: FLIC) is one of 315 publicly-traded companies in the “Banks” industry, but how does it compare to its rivals? We will compare First of Long Island to related companies based on the strength of its dividends, profitability, risk, valuation, institutional ownership, earnings and analyst recommendations.
First of Long Island pays an annual dividend of $0.60 per share and has a dividend yield of 2.0%. First of Long Island pays out 41.7% of its earnings in the form of a dividend. As a group, “Banks” companies pay a dividend yield of 1.9% and pay out 34.6% of their earnings in the form of a dividend.
This table compares First of Long Island and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|First of Long Island||28.36%||10.81%||0.96%|
|First of Long Island Competitors||18.53%||8.30%||0.93%|
Earnings & Valuation
This table compares First of Long Island and its rivals revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|First of Long Island||$113.50 million||$30.88 million||20.38|
|First of Long Island Competitors||$5.50 billion||$825.32 million||372.59|
First of Long Island’s rivals have higher revenue and earnings than First of Long Island. First of Long Island is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
This is a summary of current recommendations for First of Long Island and its rivals, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|First of Long Island||0||1||0||0||2.00|
|First of Long Island Competitors||2163||8518||8562||332||2.36|
First of Long Island presently has a consensus price target of $30.00, indicating a potential upside of 2.21%. As a group, “Banks” companies have a potential downside of 5.13%. Given First of Long Island’s higher probable upside, equities analysts plainly believe First of Long Island is more favorable than its rivals.
Risk and Volatility
First of Long Island has a beta of 0.77, suggesting that its stock price is 23% less volatile than the S&P 500. Comparatively, First of Long Island’s rivals have a beta of 0.79, suggesting that their average stock price is 21% less volatile than the S&P 500.
Institutional and Insider Ownership
53.6% of First of Long Island shares are held by institutional investors. Comparatively, 52.3% of shares of all “Banks” companies are held by institutional investors. 4.8% of First of Long Island shares are held by company insiders. Comparatively, 10.4% of shares of all “Banks” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
First of Long Island rivals beat First of Long Island on 9 of the 15 factors compared.
About First of Long Island
The First of Long Island Corporation is a one-bank holding company. The Company provides financial services through its subsidiary, The First National Bank of Long Island (the Bank). Its services include account reconciliation services, bank by mail, personal money orders, bill payment, remote deposit, cash management services, safe deposit boxes, collection services securities transactions, controlled disbursement accounts, signature guarantee services, drive-through banking, merchant credit card services, and investment management and trust services. Its loan portfolio consists of loans to borrowers on Long Island and in the boroughs of New York City, and its real estate loans are secured by properties located in those areas. It has an Investment Management Division that provides investment management, pension trust, personal trust, estate and custody services. Additionally, the Bank has two commercial banking branches in Manhattan.
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