The First Of Long Island: Ready To Bounce Back And With A Huge Dividend Yield (Rating Upgrade)

The First of Long Island (NASDAQ:FLIC) is a bank with nearly 100 years of history and is headquartered in Melville, New York. Its recent history has been marked by significant challenges mainly due to the rapid rise in the Fed Funds Rate. In fact, in early 2022 FLIC was trading at about $22 per share; today we are below $10 per share. This is a huge drop, which occurred among other things at a time when FLIC was already far from its all-time high of $31 per share at the end of 2017. Certainly, the TBV per s ...