2024-03-11 09:51:09 ET
Summary
- The First of Long Island is a bank holding company that primarily focuses on commercial customers and mortgage loans.
- Given the uncertainty of the market it operates in, it's understandable that investors would want to distance themselves from such regional banks.
- However, the current discount is not justified after taking a closer look and value investors may be interested in the offer the market has made here.
The First of Long Island Corporation ( FLIC ), founded in 1927 and headquartered in Melville, New York, specializes in providing banking services to small and medium-sized businesses, municipalities, professionals, consumers, and other organizations....
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First of Long Island: Solid Assets At A Discount