First of Long Island Corp (FLIC) Insider Sells $82,590.00 in Stock

First of Long Island Corp (NASDAQ:FLIC) insider Michael N. Vittorio sold 3,000 shares of First of Long Island stock in a transaction on Friday, February 9th. The shares were sold at an average price of $27.53, for a total value of $82,590.00. Following the completion of the sale, the insider now directly owns 106,135 shares of the company’s stock, valued at approximately $2,921,896.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of First of Long Island Corp (FLIC) opened at $28.05 on Thursday. First of Long Island Corp has a 1 year low of $25.60 and a 1 year high of $33.50. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $679.61, a PE ratio of 18.61 and a beta of 0.72.

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in First of Long Island during the third quarter valued at about $105,000. Legal & General Group Plc grew its position in First of Long Island by 12.3% during the second quarter. Legal & General Group Plc now owns 5,752 shares of the bank’s stock valued at $164,000 after acquiring an additional 630 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in First of Long Island during the second quarter valued at about $204,000. Teacher Retirement System of Texas purchased a new stake in First of Long Island during the fourth quarter valued at about $214,000. Finally, GSA Capital Partners LLP purchased a new stake in First of Long Island during the second quarter valued at about $227,000. 54.02% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on FLIC. BidaskClub raised First of Long Island from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research raised First of Long Island from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, January 3rd. ValuEngine downgraded First of Long Island from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Sandler O’Neill set a $33.00 price target on First of Long Island and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $31.33.

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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.

Insider Buying and Selling by Quarter for First of Long Island (NASDAQ:FLIC)

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