Latest news with #FLIC
San Francisco Chronicle
30-04-2025
- Business
- San Francisco Chronicle
The First of Long Island: Q1 Earnings Snapshot
MELVILLE, N.Y. (AP) — MELVILLE, N.Y. (AP) — The First of Long Island Corp. (FLIC) on Wednesday reported net income of $3.8 million in its first quarter. The bank, based in Melville, New York, said it had earnings of 17 cents per share. The holding company for The First National Bank of Long Island posted revenue of $42.8 million in the period. Its revenue net of interest expense was $21.5 million, beating Street forecasts. _____ April 30, 2025
Yahoo
11-04-2025
- Politics
- Yahoo
To keep chats secure, more immigrant groups turn to Signal
Some immigration advocacy groups are beginning to move away from popular apps like WhatsApp and toward Signal, an encrypted app seen by many as more secure, amid growing uncertainty surrounding new anti-immigration policies. At least that's what happened with the Florida Immigrant Coalition, a well-known group that defends immigrant families across the state. The group stopped using WhatsApp, a popular messaging platform, for its regional discussion groups, which coordinate advocacy efforts, share news updates and organize local events. Adriana Rivera, FLIC's communications director, said they made the transition based on recommendations from the American Civil Liberties Union to keep it safe. 'We're facing a difficult time and sensitive situations,' Rivera said. 'We don't want to put anyone's life or future at risk.' The Florida Immigrant Coalition is one of the plaintiffs in a lawsuit filed by two immigrants and another nonprofit challenging a new state law (SB 4-C) that makes it a crime to enter Florida after crossing the country without being processed by authorities. A U.S. district judge issued a temporary 14-day order last Friday blocking the law. A hearing is scheduled for April 18 to consider a permanent preliminary injunction. Rivera said the Florida Immigrant Coalition and their regional discussion groups for north, central and south Florida spent a month posting reminders and talking to members about the move to Signal. Signal only maintains a user's phone number, join date and last login. Users can set messages to disappear and even hide their phone number from others. It doesn't track activity or collect other personal data, according to its site Jay Stanley, senior policy analyst with the ACLU Speech, Privacy, and Technology Project, said people in the privacy and civil liberties community trust Signal more because it's run by a nonprofit that doesn't make money off the data, and it's open-source, meaning anyone with the right skills can verify how it is programmed. He said that, unlike WhatsApp, Signal does not store information about who a user is messaging, when and how often. Access to such data allows authorities to map out a user's associations, which could be exploited in various ways, Stanley said. 'Often, knowing who you're talking to is more sensitive than what you're actually saying,' Stanley said. 'For example if you're a whistleblower reaching out to a reporter, or you're trying to organize a union, or the authorities don't like your politics and want to know who else they should surveil.' Signal has recently made headlines beyond advocacy circles. Defense Secretary Pete Hegseth used the messaging app to discuss military operations. It came to light when a journalist, Jeffrey Goldberg, Atlantic Editor-in-Chief, was added to a Signal text chain by national security adviser Mike Waltz. Juana Lozano, a community health outreach worker with the Farmworker Association of Florida, said she also made the switch to Signal, but only in certain groups where she participates. In other community chats, Lozano will continue using WhatsApp, at least for now, she said, because it's more popular among immigrant communities from Central America and Mexico. Lozano's organization provides education and outreach services to farmworkers, immigrants and minorities in Central Florida. 'Many of us aren't familiar with Signal, and it's harder to use,' Lozano said. WhatsApp has around 3 billion active users and Signal has more than 70 million, according to the nonprofit multimedia publication Lawfare. Ana Lamb, a community activist in Hillsborough County, said added security is always helpful, but switching to Signal could be difficult for some of her followers. Lamb runs over a dozen WhatsApp community chat groups where she keeps the focus on tips and events, not personal details. 'There's always some risk' Lamb said. 'No platform is perfect.' Another group, the the Council on American-Islamic Relations of Florida, said it doesn't plan to switch, as it conducts all business communications through Microsoft Teams. 'We have no plans to change this secured communications system that we have been using for years now,' communications director Wilfredo Ruiz said
Globe and Mail
01-04-2025
- Business
- Globe and Mail
Analysts Offer Insights on Financial Companies: The First Of Long Island (FLIC) and Capital One Financial (COF)
There's a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on The First Of Long Island (FLIC – Research Report) and Capital One Financial (COF – Research Report) with bullish sentiments. Don't Miss Our End of Quarter Offers: Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. The First Of Long Island (FLIC) KBW analyst Christopher O'Connell upgraded The First Of Long Island to Buy today and set a price target of $16.56. The company's shares closed last Monday at $12.35. According to O'Connell is a 5-star analyst with an average return of 20.9% and a 67.1% success rate. O'Connell covers the Financial sector, focusing on stocks such as Peapack-Gladstone Financial, Metropolitan Bank Holding, and Dime Community Bancshares. ;'> The word on The Street in general, suggests a Hold analyst consensus rating for The First Of Long Island with a $16.04 average price target. Capital One Financial (COF) Wells Fargo analyst Donald Fandetti initiated coverage with a Buy rating on Capital One Financial today and set a price target of $210.00. The company's shares closed last Monday at $179.30. According to Fandetti is a 5-star analyst with an average return of 11.8% and a 66.1% success rate. Fandetti covers the Financial sector, focusing on stocks such as Discover Financial Services, Synchrony Financial, and Velocity Financial. ;'> Capital One Financial has an analyst consensus of Moderate Buy, with a price target consensus of $209.75, a 22.3% upside from current levels. In a report issued on March 25, BTIG also upgraded the stock to Buy with a $208.00 price target.
Yahoo
26-03-2025
- Politics
- Yahoo
State senator walks back restrictions to migrant children's path to residency
Adela Miranda holds a sign advocating for immigrants' rights during a protest in front of the Gadsden County Courthouse on Feb. 24, 2025. She said she immigrated to the U.S. when she was 3 years old. (Photo by Jackie Llanos/Florida Phoenix) Vero Beach Republican Sen. Erin Grall steered away from making it harder for immigrant children fleeing abuse in their home countries to seek residency in Florida. Offering no explanation, Grall put forward an amendment removing all of the provisions in one of her bills, SB 1626, dealing with abused and abandoned migrant children vying for immigration relief. Immigration attorneys representing children fleeing abuse previously condemned the bill, calling it unethical because it would have prevented kids without legal permanent status from gaining residency in Florida if the abuse happened outside of the country. Miami Republican Sen. Ileana Garcia said she had been in talks with Grall to walk back provisions that would have restricted a path to residency for immigrant children entering the country without their parents or a guardian. 'So we want to make sure, at least I'm going to make sure, that children are always safe,' Garcia told reporters after the committee meeting. The amended child welfare bill advanced in the Senate Appropriations Committee on Health and Human Services on Wednesday. Wihout the immigration provisions, the bill would allow the Florida Department of Children and Families to issue provisional certifications for new domestic violence shelters, have more power over exemptions to background checks for child care employees, and extend licenses for family foster homes. Grall had originally pitched the excised language as necessary to close what she claimed was a loophole allowing criminals and gang members to gain legal status, a claim President Donald Trump touted in his first term. 'It's also clear that there is some abuse of the special immigrant juvenile visa by those who have other criminal history, gang activity, that type of thing,' Grall said during the first hearing of the bill on March 14. 'That's what this is really responsive to and to make sure that we are really looking out for the interest of the children that are within the state of Florida.' Although advocates with the Florida Immigrant Coalition (FLIC) thanked the lawmakers for the change, they said they were still concerned about a provision giving sheriffs authority over cases of missing children who are supposed to be in custody of the Florida Department of Children and Families. Tiffany Hankins, FLIC's director of politics and policy, said she worried missing kids without legal status would wind up in the custody of U.S. Immigration and Customs Enforcement, given the enforcement agreements the state's sheriffs have signed with the federal government. The House companion, HB 1301, still maintains the changes that immigration attorneys said would shut them out from representing migrant children in court. However, the bill has not been heard in the lower chamber. At the federal level, the Trump administration moved on Friday to end a contract providing legal help to unaccompanied migrant children. Grall's office did not respond to Florida Phoenix's request for comment. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
Yahoo
26-03-2025
- Business
- Yahoo
ConnectOne Bancorp Shares Are Rarely This Cheap, Analyst Upgrades Stock And Price Forecast
ConnectOne Bancorp, Inc. (NASDAQ:CNOB) shares are trading higher on Wednesday. Keefe, Bruyette & Woods analyst Tim Switzer upgraded the stock on Tuesday from Market Perform to Outperform and raised the price forecast from $31 to $32. The analyst notes that the shares are trading at a notable discount to both peers and their historical medians, even though the company's key metrics generally rank in the top quartile among SMID-cap banks. The bullish stance also reflects several potential catalysts this year that could drive the stock higher. Switzer notes the key positives, including the accretion from the merger closure with The First of Long Island Corporation (NASDAQ:FLIC), organic net interest margin (NIM) expansion, improvement in CRE credit concerns, and benefits from additional Fed rate cuts. CNOB ranks in the top decile of banks for PPNR/share and EPS growth through 2026 while generating an ROTCE above the peer median, adds the analyst. The analyst notes that, during a meeting at KBW's Financial Services Conference in February, the company's management shared that the initial integration efforts for FLIC were progressing smoothly, expressing confidence in meeting or surpassing all initial targets. Switzer expects CNOB to achieve CAGRs of +32% for PPNR/share and +33% for EPS from 2024 to 2026, both in the top decile of peers over that period. Price Action: CNOB shares are up 3.41% at $24.54 at the last check Wednesday. Read Next:Photo via Shutterstock. Date Firm Action From To Jan 2022 Raymond James Downgrades Strong Buy Outperform Jul 2021 Raymond James Maintains Strong Buy Feb 2021 Seaport Global Initiates Coverage On Buy View More Analyst Ratings for CNOB View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article ConnectOne Bancorp Shares Are Rarely This Cheap, Analyst Upgrades Stock And Price Forecast originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
