The First of Long Island Corporation (FLIC) EVP Sells $29,170.00 in Stock

The First of Long Island Corporation (NASDAQ:FLIC) EVP Donald L. Manfredonia sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $29.17, for a total transaction of $29,170.00. Following the sale, the executive vice president now owns 108,500 shares of the company’s stock, valued at $3,164,945. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of The First of Long Island Corporation (NASDAQ:FLIC) traded up $0.10 during mid-day trading on Friday, reaching $29.25. 25,616 shares of the company’s stock traded hands, compared to its average volume of 51,950. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.96 and a quick ratio of 0.49. The firm has a market capitalization of $720.46, a P/E ratio of 20.31 and a beta of 0.81. The First of Long Island Corporation has a 1 year low of $25.08 and a 1 year high of $33.50.

The First of Long Island Corporation (NASDAQ:FLIC) last issued its quarterly earnings data on Monday, October 30th. The bank reported $0.38 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. The firm had revenue of $26.87 million during the quarter, compared to the consensus estimate of $27.05 million. The First of Long Island Corporation had a net margin of 28.36% and a return on equity of 10.81%. research analysts forecast that The First of Long Island Corporation will post 1.5 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Wednesday, October 11th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.05%. This is an increase from The First of Long Island Corporation’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Tuesday, October 10th. The First of Long Island Corporation’s payout ratio is presently 41.67%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLIC. SG Americas Securities LLC acquired a new stake in shares of The First of Long Island Corporation in the third quarter valued at approximately $105,000. Nordea Investment Management AB raised its position in shares of The First of Long Island Corporation by 32.5% in the second quarter. Nordea Investment Management AB now owns 5,300 shares of the bank’s stock valued at $152,000 after buying an additional 1,300 shares in the last quarter. Legal & General Group Plc raised its position in shares of The First of Long Island Corporation by 12.3% in the second quarter. Legal & General Group Plc now owns 5,752 shares of the bank’s stock valued at $164,000 after buying an additional 630 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of The First of Long Island Corporation in the second quarter valued at approximately $204,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of The First of Long Island Corporation in the second quarter valued at approximately $227,000. Institutional investors own 53.07% of the company’s stock.

Several brokerages have issued reports on FLIC. ValuEngine downgraded shares of The First of Long Island Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of The First of Long Island Corporation from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Thursday, September 28th. Finally, BidaskClub downgraded shares of The First of Long Island Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th.

The First of Long Island Corporation 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 The First of Long Island Corporation (NASDAQ:FLIC)

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