Shares of The First of Long Island Corporation (NASDAQ:FLIC) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Zacks has also given 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 weighed in on the stock. Zacks Investment Research upgraded shares of The First of Long Island Corporation from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Wednesday, August 2nd. BidaskClub downgraded shares of The First of Long Island Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, ValuEngine downgraded shares of The First of Long Island Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.
The First of Long Island Corporation (NASDAQ FLIC) traded up $0.05 during trading on Monday, hitting $28.10. 20,300 shares of the stock were exchanged, compared to its average volume of 58,601. The company has a market cap of $690.90, a P/E ratio of 19.48 and a beta of 0.81. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.25. The First of Long Island Corporation has a fifty-two week low of $24.17 and a fifty-two week high of $33.50.
The First of Long Island Corporation (NASDAQ:FLIC) last released its quarterly earnings results on Monday, October 30th. The bank reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. The business had revenue of $26.87 million for 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 11.02%. equities research analysts anticipate that The First of Long Island Corporation will post 1.5 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Wednesday, October 11th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Tuesday, October 10th. This is an increase from The First of Long Island Corporation’s previous quarterly dividend of $0.14. The First of Long Island Corporation’s dividend payout ratio (DPR) is 41.67%.
In related news, Director Milbrey Rennie Taylor sold 2,079 shares of The First of Long Island Corporation stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $30.11, for a total value of $62,598.69. Following the transaction, the director now owns 20,001 shares in the company, valued at approximately $602,230.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 on Thursday, August 31st. The stock was sold at an average price of $26.80, for a total transaction of $80,400.00. Following the completion of the transaction, the insider now owns 99,006 shares in the company, valued at approximately $2,653,360.80. The disclosure for this sale can be found here. Company insiders own 4.83% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in The First of Long Island Corporation in the 3rd quarter worth $105,000. Nordea Investment Management AB raised its holdings in 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 worth $152,000 after acquiring an additional 1,300 shares during the period. Legal & General Group Plc raised its holdings in 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 worth $164,000 after acquiring an additional 630 shares during the period. UBS Asset Management Americas Inc. bought a new position in The First of Long Island Corporation in the 2nd quarter worth $204,000. Finally, GSA Capital Partners LLP bought a new position in shares of The First of Long Island Corporation during the 2nd quarter worth about $227,000. Hedge funds and other institutional investors own 52.55% of the company’s stock.
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About The First of Long Island Corporation
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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