Brokerages Anticipate The First of Long Island Corporation (FLIC) to Post $0.38 EPS

Shares of The First of Long Island Corporation (NASDAQ:FLIC) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Zacks has also assigned The First of Long Island Corporation an industry rank of 118 out of 265 based on the ratings given to related companies.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of The First of Long Island Corporation from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Wednesday, August 2nd. BidaskClub raised shares of The First of Long Island Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, ValuEngine raised shares of The First of Long Island Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

In other The First of Long Island Corporation news, EVP Donald L. Manfredonia sold 1,000 shares of The First of Long Island Corporation stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $29.17, for a total transaction of $29,170.00. Following the completion of the sale, the executive vice president now directly owns 108,500 shares in the company, valued at approximately $3,164,945. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael N. Vittorio sold 3,000 shares of The First of Long Island Corporation stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $26.80, for a total transaction of $80,400.00. Following the sale, the insider now owns 99,006 shares of the company’s stock, valued at $2,653,360.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,054 shares of company stock valued at $375,344. Company insiders own 4.83% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in FLIC. SG Americas Securities LLC acquired a new stake in The First of Long Island Corporation during the 3rd quarter valued at approximately $105,000. Nordea Investment Management AB lifted its stake in shares of The First of Long Island Corporation by 32.5% in the 2nd quarter. Nordea Investment Management AB now owns 5,300 shares of the bank’s stock valued at $152,000 after purchasing an additional 1,300 shares during the period. Legal & General Group Plc lifted its stake in shares of The First of Long Island Corporation by 12.3% in the 2nd quarter. Legal & General Group Plc now owns 5,752 shares of the bank’s stock valued at $164,000 after purchasing an additional 630 shares during the period. UBS Asset Management Americas Inc. acquired a new position in shares of The First of Long Island Corporation in the 2nd quarter valued at $204,000. Finally, GSA Capital Partners LLP acquired a new position in shares of The First of Long Island Corporation in the 2nd quarter valued at $227,000. Institutional investors and hedge funds own 52.97% of the company’s stock.

The First of Long Island Corporation (NASDAQ FLIC) traded up $0.20 during trading hours on Tuesday, hitting $29.45. 33,400 shares of the stock traded hands, compared to its average volume of 57,852. The First of Long Island Corporation has a twelve month low of $25.08 and a twelve month 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 company has a market cap of $720.46, a price-to-earnings ratio of 20.31 and a beta of 0.81.

The First of Long Island Corporation (NASDAQ:FLIC) last posted its quarterly earnings results on Monday, October 30th. The bank reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The First of Long Island Corporation had a net margin of 28.36% and a return on equity of 10.81%. The business had revenue of $26.87 million during the quarter, compared to analyst estimates of $27.05 million. sell-side analysts expect that The First of Long Island Corporation will post 1.5 EPS for the current fiscal year.

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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.

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