News stories about First of Long Island (NASDAQ:FLIC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First of Long Island earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 45.5660179904636 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of First of Long Island (FLIC) opened at $27.50 on Tuesday. First of Long Island has a 52-week low of $25.60 and a 52-week high of $33.50. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $682.08, a price-to-earnings ratio of 18.68 and a beta of 0.72.
Several brokerages recently issued reports on FLIC. BidaskClub upgraded First of Long Island from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded First of Long Island from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, January 10th. Sandler O’Neill set a $33.00 price objective on First of Long Island and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Finally, ValuEngine cut First of Long Island from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. First of Long Island has an average rating of “Hold” and an average price target of $31.33.
In other First of Long Island news, Director Walter C. Teagle III sold 5,630 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $29.75, for a total value of $167,492.50. Following the sale, the director now directly owns 129,810 shares of the company’s stock, valued at $3,861,847.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Donald L. Manfredonia sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $29.17, for a total value of $29,170.00. Following the transaction, the executive vice president now directly owns 108,500 shares in the company, valued at $3,164,945. The disclosure for this sale can be found here. Insiders sold 19,380 shares of company stock worth $565,865 over the last ninety days. 4.83% of the stock is owned by corporate insiders.
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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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