FLIC stock is currently trading near its book value of $16.77, with a forward dividend yield of 6.87%, making it attractive for income-focused investors. Despite a weak Q4 2024 EPS of $0.14 and declining net interest margins, the pending merger with ConnectOne Bancorp offers potential upside through synergies and improved asset quality. However, concerns over the adequacy of the merger valuation may limit near-term price appreciation.