First of Long Island Corp (FLIC) Given Average Rating of “Hold” by Analysts

First of Long Island Corp (NASDAQ:FLIC) has earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Zacks has also assigned First of Long Island an industry rank of 20 out of 265 based on the ratings given to its competitors.

Several research firms have issued reports on FLIC. ValuEngine cut shares of First of Long Island from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub raised shares of First of Long Island from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of First of Long Island from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Finally, Sandler O’Neill set a $33.00 price target on shares of First of Long Island and gave the stock a “buy” rating in a research note on Wednesday, January 3rd.

In related news, insider Mark D. Curtis sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $29.38, for a total value of $176,280.00. Following the sale, the insider now directly owns 41,607 shares of the company’s stock, valued at $1,222,413.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Walter C. Teagle III sold 5,630 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $29.75, for a total transaction of $167,492.50. Following the completion of the sale, the director now directly owns 129,810 shares in the company, valued at $3,861,847.50. The disclosure for this sale can be found here. Insiders have sold a total of 15,380 shares of company stock worth $448,795 over the last ninety days. 4.83% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its position in shares of First of Long Island by 12.3% in the second quarter. Legal & General Group Plc now owns 5,752 shares of the bank’s stock worth $164,000 after acquiring an additional 630 shares during the last quarter. Wells Fargo & Company MN raised its holdings in First of Long Island by 1.4% in the second quarter. Wells Fargo & Company MN now owns 53,590 shares of the bank’s stock valued at $1,533,000 after buying an additional 734 shares during the period. Voya Investment Management LLC raised its holdings in First of Long Island by 17.3% in the second quarter. Voya Investment Management LLC now owns 11,021 shares of the bank’s stock valued at $315,000 after buying an additional 1,628 shares during the period. Ameriprise Financial Inc. raised its holdings in First of Long Island by 0.8% in the second quarter. Ameriprise Financial Inc. now owns 220,950 shares of the bank’s stock valued at $6,320,000 after buying an additional 1,777 shares during the period. Finally, SG Americas Securities LLC raised its holdings in First of Long Island by 55.3% in the fourth quarter. SG Americas Securities LLC now owns 5,336 shares of the bank’s stock valued at $152,000 after buying an additional 1,901 shares during the period. 54.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of First of Long Island (FLIC) opened at $28.05 on Monday. First of Long Island has a 12 month low of $25.60 and a 12 month high of $33.50. The stock has a market cap of $679.61, a PE ratio of 18.61 and a beta of 0.72. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.24.

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First of Long Island Company Profile

The First of Long Island Corporation is a one-bank holding company. The Company provides financial services through its subsidiary, The First National Bank of Long Island (the Bank). Its services include account reconciliation services, bank by mail, personal money orders, bill payment, remote deposit, cash management services, safe deposit boxes, collection services securities transactions, controlled disbursement accounts, signature guarantee services, drive-through banking, merchant credit card services, and investment management and trust services.

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