First of Long Island is a one-bank holding company. Through its subsidiary, The First National Bank of Long Island (the Bank), Co. provides a range of lending services including commercial and residential mortgage loans, home equity lines/loans, commercial and industrial loans, small business credit scored loans, Small Business Administration loans, construction and land development loans, consumer loans and commercial and standby letters of credit. The Bank provides investment management, trust, estate and custody services and provides retail investment services through a partnership with Financial Resources Group and LPL Financial. We show 61 historical shares outstanding datapoints in our FLIC shares outstanding history coverage, used to compute FLIC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FLIC market cap history over the course of time is important for investors
interested in comparing FLIC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of FLIC versus a peer is one thing; comparing
FLIC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like FLIC can fluctuate over the course of history.
With this page we aim to empower investors researching FLIC by allowing them to research the FLIC market cap history. |
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Video: The Importance of Market Cap
