Revenue Update on First of Long Island Corp(NASDAQ:FLIC)

First of Long Island Corp(NASDAQ:FLIC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $25.00M. Analysts estimated a revenue of $22.97M. Earnings per share were $0.50. Analysts had estimated an EPS of $0.50.

In a different note, On May 2, 2016, Raymond James said it Downgrades its rating on First of Long Island Corp. The shares have been rated ‘Market Perform’ by the firm.

First of Long Island Corp (FLIC) shares turned negative on Thursdays trading session with the shares closing down -0.13 points or -0.43% at a volume of 14,781. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $30.46. The peak price level was also seen at $30.46 while the days lowest was $30.15. Finally the shares closed at $30.22. The 52-week high of the shares is $31.94 while the 52-week low is $22.81. According to the latest information available, the market cap of the company is $431 M.

Several Insider Transactions has been reported to the SEC. On May 11, 2016, Peter Quick (director) purchased 20,000 shares at $29.00 per share price.Also, On May 10, 2016, Paul T Canarick (director) purchased 5,000 shares at $29.00 per share price.On Mar 9, 2016, Michael N Vittorio (President & CEO) sold 501 shares at $28.05 per share price, according to the Form-4 filing with the securities and exchange commission.

The First of Long Island Corporation is a one-bank holding company. The Company provides financial services through its wholly owned subsidiary The First National Bank of Long Island (the Bank). The Bank has two wholly owned subsidiaries: The First of Long Island Agency Inc. (Agency) and FNY Service Corp. 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 and drive-through banking among others. It serves the financial needs of privately owned businesses professionals consumers public bodies and other organizations primarily in Nassau and Suffolk Counties Long Island New York. Its loan portfolio comprises 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.

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