The First of Long Island Corp. (FLIC) Sets New 12-Month High at $32.19
The First of Long Island Corp. (NASDAQ:FLIC)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $32.19 and last traded at $32.10, with a volume of 35,088 shares trading hands. The stock had previously closed at $31.79.
Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of The First of Long Island Corp. from $31.00 to $32.50 and gave the company a “market perform” rating in a research report on Wednesday, August 17th. Zacks Investment Research lowered shares of The First of Long Island Corp. from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 4th. Finally, Raymond James Financial Inc. lowered shares of The First of Long Island Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, May 2nd.
The company’s 50-day moving average is $30.34 and its 200-day moving average is $29.29. The firm has a market cap of $503.79 million and a price-to-earnings ratio of 16.48.
The First of Long Island Corp. (NASDAQ:FLIC) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.50 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.50. Analysts anticipate that The First of Long Island Corp. will post $2.06 EPS for the current fiscal year.
In other The First of Long Island Corp. 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 shares were sold at an average price of $30.33, for a total transaction of $114,040.80. Following the transaction, the insider now directly owns 33,459 shares of the company’s stock, valued at approximately $1,014,811.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
A hedge fund recently raised its stake in The First of Long Island Corp. stock. Dimensional Fund Advisors LP raised its position in The First of Long Island Corp. (NASDAQ:FLIC) by 47.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 50,222 shares of the company’s stock after buying an additional 16,207 shares during the period. Dimensional Fund Advisors LP owned about 0.36% of The First of Long Island Corp. worth $1,507,000 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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