First of Long Island (NASDAQ:FLIC) and WesBanco (NASDAQ:WSBC) are both finance companies, but which is the better business? We will contrast the two businesses based on the strength of their profitability, risk, dividends, earnings, institutional ownership, analyst recommendations and valuation.
This is a summary of current recommendations and price targets for First of Long Island and WesBanco, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|First of Long Island||0||2||0||0||2.00|
First of Long Island currently has a consensus target price of $29.50, suggesting a potential upside of 32.17%. WesBanco has a consensus target price of $46.50, suggesting a potential upside of 13.33%. Given First of Long Island’s higher possible upside, research analysts plainly believe First of Long Island is more favorable than WesBanco.
First of Long Island pays an annual dividend of $0.68 per share and has a dividend yield of 3.0%. WesBanco pays an annual dividend of $1.16 per share and has a dividend yield of 2.8%. First of Long Island pays out 41.7% of its earnings in the form of a dividend. WesBanco pays out 36.1% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. First of Long Island has raised its dividend for 12 consecutive years and WesBanco has raised its dividend for 8 consecutive years. First of Long Island is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Risk & Volatility
First of Long Island has a beta of 0.63, suggesting that its stock price is 37% less volatile than the S&P 500. Comparatively, WesBanco has a beta of 1.07, suggesting that its stock price is 7% more volatile than the S&P 500.
Insider and Institutional Ownership
54.6% of First of Long Island shares are owned by institutional investors. Comparatively, 56.8% of WesBanco shares are owned by institutional investors. 4.6% of First of Long Island shares are owned by company insiders. Comparatively, 4.1% of WesBanco shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Valuation & Earnings
This table compares First of Long Island and WesBanco’s revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|First of Long Island||$140.52 million||4.05||$41.57 million||$1.63||13.69|
|WesBanco||$515.23 million||4.35||$143.11 million||$3.21||12.78|
WesBanco has higher revenue and earnings than First of Long Island. WesBanco is trading at a lower price-to-earnings ratio than First of Long Island, indicating that it is currently the more affordable of the two stocks.
This table compares First of Long Island and WesBanco’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|First of Long Island||29.59%||11.18%||0.98%|
WesBanco beats First of Long Island on 8 of the 15 factors compared between the two stocks.
First of Long Island Company Profile
The First of Long Island Corporation operates as the holding company for The First National Bank of Long Island that provides financial services to privately owned businesses, professionals, consumers, public bodies, and other organizations. Its deposit products include business and small business checking, personal checking products, savings accounts, negotiable order of withdrawal accounts and IOLA, escrow service accounts, rent security accounts, time deposits, holiday club accounts, and individual retirement accounts, as well as personal and non-personal money market and savings products. The company's loan portfolio comprises commercial and industrial loans, small business credit scored loans, residential and commercial mortgage loans, home equity lines of credit, construction loans, and commercial and standby letters of credit, as well as auto, home improvement, and other consumer loans. It also offers account reconciliation services, ACH origination, ATM banking and deposit automation, bank by mail, bill payment, cash management services, collection services, controlled disbursement accounts, foreign currency sales and purchases, healthcare remittance automation, debit cards, lock box services, merchant credit card services, and mobile capture services, as well as mutual funds, annuities, and life insurance. In addition, the company provides night depository services, payroll services, personal money orders, remote deposit, safe deposit boxes, securities transactions, signature guarantee services, travelers checks, investment management and trust services, domestic and international wire transfers, and withholding tax depository services, as well as drive-through, mobile, online, and telephone banking services. It operates through a network of 37 full service branches, 10 commercial banking offices and 2 select service banking centers in New York. The First of Long Island Corporation was founded in 1927 and is based in Glen Head, New York.
WesBanco Company Profile
WesBanco, Inc. operates as the holding company for WesBanco Bank, Inc. that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States. It operates in two segments, Community Banking, and Trust and Investment Services. The company offers commercial demand, individual demand, and time deposit accounts; money market accounts; interest bearing and non-interest bearing demand deposits, as well as savings deposits; and certificates of deposit. It also provides commercial real estate loans; commercial and industrial loans; residential real estate loans, including loans to purchase, construct, or refinance borrower's home; home equity lines of credit; installment loans to finance the purchases of automobiles, trucks, motorcycles, boats, and other recreational vehicles, as well as home equity installment loans, unsecured home improvement loans, and revolving lines of credit; and commercial, mortgage, and individual installment loans. In addition, the company offers trust and investment services, as well as various investment products comprising mutual funds and annuities; and securities brokerage services. Further, WesBanco, Inc., through its non-banking subsidiaries, acts as an agency that specializes in property, casualty, life, and title insurance, as well as benefit plan sales and administration to personal and commercial clients; provides broker dealer and discount brokerage services; holds investment securities and loans; and holds and leases commercial real estate properties, as well as acts as an investment adviser to a family of mutual funds. As of December 31, 2017, the company operated through 172 branches and 160 ATMs in West Virginia, Ohio, western Pennsylvania, Kentucky, and southern Indiana, as well as 4 loan production offices in West Virginia, Ohio, and western Pennsylvania. WesBanco, Inc. was founded in 1968 and is headquartered in Wheeling, West Virginia.
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