First of Long Island Corp (NASDAQ:FLIC) insider Donald L. Manfredonia sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $29.00, for a total transaction of $58,000.00. Following the transaction, the insider now directly owns 113,762 shares of the company’s stock, valued at $3,299,098. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
First of Long Island Corp (NASDAQ:FLIC) opened at $29.40 on Monday. 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 cap of $725.25, a P/E ratio of 20.56 and a beta of 0.73.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Friday, March 16th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, March 15th. First of Long Island’s dividend payout ratio is presently 41.96%.
FLIC has been the subject of a number of recent research reports. ValuEngine lowered shares of First of Long Island from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research lowered shares of First of Long Island from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. 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 report on Wednesday, January 3rd. BidaskClub lowered shares of First of Long Island from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $31.00 price target on shares of First of Long Island in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $31.67.
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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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