The First of Long Island Corporation (NASDAQ:FLIC) EVP Donald L. Manfredonia sold 1,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $29.17, for a total value of $29,170.00. Following the sale, the executive vice president now directly owns 108,500 shares of the company’s stock, valued at $3,164,945. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

The First of Long Island Corporation (NASDAQ FLIC) traded up $0.10 during trading on Friday, reaching $29.25. The company’s stock had a trading volume of 25,616 shares, compared to its average volume of 57,962. The First of Long Island Corporation has a 12 month low of $25.08 and a 12 month high of $33.50. The company has a current ratio of 0.96, a quick ratio of 0.49 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $720.46, a P/E ratio of 20.24 and a beta of 0.81.

The First of Long Island Corporation (NASDAQ:FLIC) last released its earnings results on Monday, October 30th. The bank reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. The First of Long Island Corporation had a return on equity of 10.81% and a net margin of 28.36%. The company had revenue of $26.87 million during the quarter, compared to the consensus estimate of $27.05 million. equities analysts anticipate that The First of Long Island Corporation will post 1.5 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Wednesday, October 11th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 2.05%. 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 40.00%.

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A number of institutional investors have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC lifted its holdings in The First of Long Island Corporation by 0.3% in the second quarter. Neuberger Berman Group LLC now owns 18,909 shares of the bank’s stock valued at $541,000 after acquiring an additional 64 shares during the period. Legal & General Group Plc lifted its holdings in 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 valued at $164,000 after acquiring an additional 630 shares during the period. Wells Fargo & Company MN lifted its holdings in The First of Long Island Corporation by 1.4% in the second quarter. Wells Fargo & Company MN now owns 53,590 shares of the bank’s stock valued at $1,533,000 after acquiring an additional 734 shares during the period. Bank of America Corp DE lifted its holdings in The First of Long Island Corporation by 5.5% in the first quarter. Bank of America Corp DE now owns 16,238 shares of the bank’s stock valued at $439,000 after acquiring an additional 849 shares during the period. Finally, American International Group Inc. lifted its holdings in The First of Long Island Corporation by 7.1% in the first quarter. American International Group Inc. now owns 13,157 shares of the bank’s stock valued at $356,000 after acquiring an additional 871 shares during the period. 53.07% of the stock is owned by institutional investors.

FLIC has been the subject of several recent research reports. Zacks Investment Research raised The First of Long Island Corporation from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Wednesday, August 2nd. BidaskClub raised The First of Long Island Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, ValuEngine raised The First of Long Island Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st.

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.

Insider Buying and Selling by Quarter for The First of Long Island Corporation (NASDAQ:FLIC)

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