The First of Long Island Corp. (FLIC) Hits New 1-Year High at $32.19
The First of Long Island Corp. (NASDAQ:FLIC) shares reached a new 52-week high on Wednesday . The company traded as high as $32.19 and last traded at $32.10, with a volume of 35,088 shares changing hands. The stock had previously closed at $31.79.
FLIC has been the topic of a number of recent research reports. Zacks Investment Research downgraded The First of Long Island Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 4th. Keefe, Bruyette & Woods increased their target price on The First of Long Island Corp. from $31.00 to $32.50 and gave the company a “market perform” rating in a report on Wednesday, August 17th. Finally, Raymond James Financial Inc. downgraded The First of Long Island Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, May 2nd.
The company has a 50-day moving average of $30.57 and a 200-day moving average of $29.34. The company has a market cap of $513.51 million and a PE ratio of 16.80.
The First of Long Island Corp. (NASDAQ:FLIC) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.50. On average, analysts expect that The First of Long Island Corp. will post $2.06 EPS for the current fiscal year.
In other news, insider Sallyanne K. Ballweg sold 3,760 shares of The First of Long Island Corp. stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $30.33, for a total value of $114,040.80. Following the transaction, the insider now directly owns 33,459 shares in the company, valued at approximately $1,014,811.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
A hedge fund recently raised its stake in The First of Long Island Corp. stock. Schwab Charles Investment Management Inc. increased its position in shares of The First of Long Island Corp. (NASDAQ:FLIC) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,788 shares of the company’s stock after buying an additional 910 shares during the period. Schwab Charles Investment Management Inc. owned 0.30% of The First of Long Island Corp. worth $1,284,000 as of its most recent filing with the SEC.
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-in banking, merchant credit card services, and investment management and trust services.
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