The First of Long Island Corporation (NASDAQ:FLIC) has been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Zacks has also assigned The First of Long Island an industry rank of 111 out of 265 based on the ratings given to its competitors.

Several research analysts have recently issued reports on FLIC shares. Zacks Investment Research downgraded The First of Long Island from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine downgraded The First of Long Island from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub raised The First of Long Island from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th.

Shares of The First of Long Island (FLIC) opened at $29.75 on Thursday. The First of Long Island has a fifty-two week low of $25.60 and a fifty-two week high of $33.50. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $735.24, a price-to-earnings ratio of 20.73 and a beta of 0.77.

The First of Long Island (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 company had revenue of $26.87 million during the quarter, compared to the consensus estimate of $27.05 million. The First of Long Island had a return on equity of 10.81% and a net margin of 28.36%. equities research analysts expect that The First of Long Island will post 1.5 EPS for the current year.

In related news, insider Mark D. Curtis sold 6,000 shares of The First of Long Island stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $29.38, for a total transaction of $176,280.00. Following the completion of the sale, the insider now owns 41,607 shares in the company, valued at approximately $1,222,413.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Donald L. Manfredonia sold 1,000 shares of The First of Long Island stock in a transaction dated 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 owns 108,500 shares of the company’s stock, valued at approximately $3,164,945. The disclosure for this sale can be found here. Insiders have sold a total of 16,804 shares of company stock valued at $493,656 in the last ninety days. Corporate insiders own 4.83% of the company’s stock.

A number of institutional investors have recently bought and sold shares of FLIC. Neuberger Berman Group LLC grew its holdings in The First of Long Island by 0.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 18,909 shares of the bank’s stock valued at $541,000 after buying an additional 64 shares during the period. Legal & General Group Plc grew its holdings in The First of Long Island by 12.3% in the 2nd quarter. Legal & General Group Plc now owns 5,752 shares of the bank’s stock valued at $164,000 after buying an additional 630 shares during the period. Wells Fargo & Company MN grew its holdings in The First of Long Island by 1.4% in the 2nd quarter. Wells Fargo & Company MN now owns 53,590 shares of the bank’s stock valued at $1,533,000 after buying an additional 734 shares during the period. Bank of America Corp DE grew its holdings in The First of Long Island by 5.5% in the 1st quarter. Bank of America Corp DE now owns 16,238 shares of the bank’s stock valued at $439,000 after buying an additional 849 shares during the period. Finally, Nordea Investment Management AB grew its holdings in The First of Long Island by 32.5% in the 2nd quarter. Nordea Investment Management AB now owns 5,300 shares of the bank’s stock valued at $152,000 after buying an additional 1,300 shares during the period. Hedge funds and other institutional investors own 53.63% of the company’s stock.

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The 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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