NasdaqCM:FLIC

Stock Analysis Report

Executive Summary

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, public bodies, and other organizations.

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has First of Long Island's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.1%

NasdaqCM:FLIC

-1.8%

US Banks

0.2%

US Market


1 Year Return

-1.2%

NasdaqCM:FLIC

-15.3%

US Banks

-0.7%

US Market

FLIC outperformed the Banks industry which returned -13.6% over the past year.

FLIC underperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

FLICIndustryMarket
7 Day-0.1%-1.8%0.2%
30 Day2.4%-6.4%-2.7%
90 Day-2.5%-4.0%1.6%
1 Year2.0%-1.2%-12.9%-15.3%1.6%-0.7%
3 Year11.0%3.1%41.3%31.7%40.0%30.9%
5 Year59.7%39.9%50.8%34.5%53.8%36.8%

Price Volatility Vs. Market

How volatile is First of Long Island's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is First of Long Island undervalued based on future cash flows and its price relative to the stock market?

5%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

First of Long Island's share price is below the future cash flow value, but not at a moderate discount (< 20%).

First of Long Island's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

First of Long Island is overvalued based on earnings compared to the US Banks industry average.

First of Long Island is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

First of Long Island is poor value based on expected growth next year.


Price Based on Value of Assets

First of Long Island is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is First of Long Island expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

0.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

First of Long Island's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).

First of Long Island's earnings are expected to grow by 0.2% yearly, however this is not considered high growth (20% yearly).

First of Long Island's revenue growth is positive but not above the United States of America market average.

First of Long Island's earnings growth is positive but not above the United States of America market average.

First of Long Island's earnings growth is positive but not above the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if First of Long Island will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has First of Long Island performed over the past 5 years?

13.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

First of Long Island's year on year earnings growth rate has been positive over the past 5 years.

First of Long Island's 1-year earnings growth is less than its 5-year average (9.1% vs 13.9%)

First of Long Island's earnings growth has not exceeded the US Banks industry average in the past year (9.1% vs 33.2%).


Return on Equity

First of Long Island has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

First of Long Island used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if First of Long Island improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is First of Long Island's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

First of Long Island has an acceptable proportion of non-loan assets held.

First of Long Island has a sufficient allowance for bad loans.

First of Long Island's liabilities are made up of primarily low risk sources of funding.

First of Long Island's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at First of Long Island are broadly funded by customer deposits.

First of Long Island has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is First of Long Island's current dividend yield, its reliability and sustainability?

3.19%

Expected Dividend Yield


Dividend Yield and Payments Analysis

First of Long Island's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).

First of Long Island's dividend is below the markets top 25% of dividend payers in United States of America (3.83%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.4x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of First of Long Island's salary, the management and board of directors tenure and is there insider trading?

9.2yrs

Average management tenure


CEO

Michael Vittorio (66yo)

15.9yrs

Tenure

US$1,891,844

Compensation

Mr. Michael N. Vittorio has been the President and Chief Executive Officer at The First of Long Island Corporation and The First National Bank of Long Island since 2003. Mr. Vittorio served as an Executive ...


CEO Compensation Analysis

Michael's remuneration is about average for companies of similar size in United States of America.

Michael's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

9.2yrs

Average Tenure

59yo

Average Age

The average tenure for the First of Long Island management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

16.3yrs

Average Tenure

67.5yo

Average Age

The average tenure for the First of Long Island board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

First of Long Island individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$63,37819 Aug 19
Michael Vittorio
EntityIndividual
Role
Chief Executive Officer
President
Shares3,000
Max PriceUS$21.13
SellUS$67,80513 May 19
Michael Vittorio
EntityIndividual
Role
Chief Executive Officer
President
Shares3,000
Max PriceUS$22.60
SellUS$63,37306 Feb 19
Michael Vittorio
EntityIndividual
Role
Chief Executive Officer
President
Shares3,000
Max PriceUS$21.12
BuyUS$19,59011 Dec 18
Alexander Cover
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$19.59
SellUS$79,51430 Nov 18
Donald Manfredonia
EntityIndividual
Role
Senior Key Executive
Executive Vice President
Shares3,772
Max PriceUS$21.08
BuyUS$20,42505 Nov 18
Denise Strain
EntityIndividual
Shares1,000
Max PriceUS$20.42
SellUS$61,53702 Nov 18
Michael Vittorio
EntityIndividual
Role
Chief Executive Officer
President
Shares3,000
Max PriceUS$20.51

Ownership Breakdown


Management Team

  • Mark Curtis (64yo)

    Senior EVP

    • Tenure: 0.0yrs
    • Compensation: US$788.26k
  • Donald Manfredonia (67yo)

    Executive Vice President

    • Tenure: 0.0yrs
    • Compensation: US$526.47k
  • Chris Becker (53yo)

    Corporate Secretary

    • Tenure: 0.0yrs
    • Compensation: US$675.35k
  • Michael Vittorio (66yo)

    President

    • Tenure: 15.9yrs
    • Compensation: US$1.89m
  • Paul Daley (59yo)

    Executive Vice President

    • Tenure: 0.0yrs
    • Compensation: US$551.17k
  • Richard Perro (53yo)

    Executive Vice President

    • Tenure: 10.6yrs
  • Anne Stefanucci (59yo)

    Executive Vice President

    • Tenure: 0.0yrs
  • Chris Hilton (42yo)

    Executive VP & Commercial Banking Division - Executive

    • Tenure: 1.6yrs
    • Compensation: US$514.99k
  • Robert Colosa

    VP & Chief Auditor

    • Tenure: 7.8yrs
  • Bill Aprigliano

    Senior VP & Chief Accounting Officer

    • Tenure: 0.0yrs

Board Members

  • Walter Teagle (69yo)

    Chairman of the Board

    • Tenure: 14.3yrs
    • Compensation: US$184.76k
  • Howard Hogan (74yo)

    Director

    • Tenure: 41.6yrs
    • Compensation: US$84.45k
  • Paul Canarick (62yo)

    Director

    • Tenure: 27.3yrs
    • Compensation: US$89.34k
  • Eric Tveter (60yo)

    Director

    • Tenure: 5.9yrs
    • Compensation: US$84.00k
  • Michael Vittorio (66yo)

    President

    • Tenure: 15.9yrs
    • Compensation: US$1.89m
  • Alexander Cover (75yo)

    Director

    • Tenure: 16.3yrs
    • Compensation: US$100.25k
  • Mark Wurzel

    Member of Business Advisory Board

    • Tenure: 0.0yrs
  • Sal Turano

    Member of Business Advisory Board

    • Tenure: 0.0yrs
  • Craig Treiber (65yo)

    Member of Business Advisory Board

    • Tenure: 0.0yrs
  • Milbrey Taylor (72yo)

    Director

    • Tenure: 11.6yrs
    • Compensation: US$87.75k

Company Information

The First of Long Island Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The First of Long Island Corporation
  • Ticker: FLIC
  • Exchange: NasdaqCM
  • Founded: 1927
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$538.815m
  • Shares outstanding: 24.67m
  • Website: https://www.fnbli.com

Number of Employees


Location

  • The First of Long Island Corporation
  • 10 Glen Head Road
  • Glen Head
  • New York
  • 11545
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FLICNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJan 1987

Biography

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, consume ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 23:37
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.