The stock of First of Long Island Corp (FLIC, Financial) experienced a significant drop of 5.01%, trading at $13.84 per share. The trading volume reached 57,899 shares, with a turnover rate of 0.26% and a price swing of 4.26%.
Recent financial reports indicate that the company generated revenue of $45.42 million and a net profit of $4.60 million, with an earnings per share (EPS) of $0.20. The price-to-earnings (P/E) ratio stands at 16.00. Among the institutions rating the stock, 100% suggest holding it, with no buy or sell recommendations.
In the broader banking sector, stocks declined by 1.59%. Notably, companies like Fanhua, Loandepot, Inc., and Amwest Bank have seen substantial increases, while UWM Holdings Corporation, Grupo Supervielle S.A., and Rocket Companies, Inc. displayed heightened trading activity, with turnover rates of 2.33%, 1.92%, and 1.42%, respectively. Stocks with significant price swings include Better Home & Finance Holding, Fanhua, and American Century Bank, exhibiting volatility of 20.43%, 16.36%, and 11.99%.
First of Long Island Corp is a financial services holding company providing savings, checking, and capital gain accounts, along with loan services such as commercial and residential mortgages, industrial loans, and small business credit scoring loans. The company also offers reconciliation services, ATM banking, bill payment, cash management, and online and mobile banking services. Its revenue primarily comes from interest on loans and investment securities, fees from deposit accounts, and investment management income.
