Commonwealth Bank of Australia continued to hold its stake in The First of Long Island Corporation (NASDAQ:FLIC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,765 shares of the bank’s stock at the end of the 2nd quarter. Commonwealth Bank of Australia owned about 0.12% of The First of Long Island Corporation worth $822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of FLIC. Nordea Investment Management AB acquired a new stake in shares of The First of Long Island Corporation in the first quarter worth approximately $108,000. Tower Research Capital LLC TRC boosted its stake in shares of The First of Long Island Corporation by 3,563.7% in the first quarter. Tower Research Capital LLC TRC now owns 4,140 shares of the bank’s stock worth $112,000 after acquiring an additional 4,027 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of The First of Long Island Corporation in the first quarter worth approximately $163,000. Legal & General Group Plc boosted its stake in shares of The First of Long Island Corporation by 12.3% in the second 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 last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of The First of Long Island Corporation in the first quarter worth approximately $252,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

The First of Long Island Corporation (FLIC) opened at 27.95 on Friday. The firm’s 50-day moving average price is $27.31 and its 200-day moving average price is $27.39. The First of Long Island Corporation has a 1-year low of $25.08 and a 1-year high of $40.40. The firm has a market cap of $681.48 million, a price-to-earnings ratio of 19.94 and a beta of 0.79.

The First of Long Island Corporation (NASDAQ:FLIC) last announced its earnings results on Friday, July 28th. The bank reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $26.14 million for the quarter, compared to analysts’ expectations of $25.86 million. The First of Long Island Corporation had a return on equity of 10.68% and a net margin of 28.29%. On average, equities research analysts anticipate that The First of Long Island Corporation will post $1.51 earnings per share for the current year.

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In other The First of Long Island Corporation news, insider Michael N. Vittorio sold 3,000 shares of the 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 sale, the insider now owns 99,006 shares in the company, valued at approximately $2,653,360.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.83% of the stock is currently owned by corporate insiders.

A number of analysts have recently issued reports on the company. Zacks Investment Research raised The First of Long Island Corporation from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Thursday, September 7th. ValuEngine raised The First of Long Island Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered The First of Long Island Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th.

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.

Institutional Ownership by Quarter for The First of Long Island Corporation (NASDAQ:FLIC)

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