Shares of First of Long Island Corp (NASDAQ:FLIC) have been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Zacks has also assigned First of Long Island an industry rank of 15 out of 265 based on the ratings given to its competitors.

A number of research analysts have issued reports on the stock. BidaskClub lowered shares of First of Long Island from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Zacks Investment Research raised shares of First of Long Island from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Wednesday, January 3rd. Sandler O’Neill set a $33.00 target price on shares of First of Long Island and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Finally, ValuEngine lowered shares of First of Long Island from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

In other First of Long Island news, Director Walter C. Teagle III sold 5,630 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $29.75, for a total transaction of $167,492.50. Following the sale, the director now directly owns 129,810 shares in the company, valued at approximately $3,861,847.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark D. Curtis sold 6,000 shares of the business’s 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 sale, the insider now owns 41,607 shares in the company, valued at $1,222,413.66. The disclosure for this sale can be found here. Insiders have sold a total of 20,355 shares of company stock worth $598,550 over the last 90 days. 4.83% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLIC. Schwab Charles Investment Management Inc. raised its holdings in shares of First of Long Island by 12.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 112,128 shares of the bank’s stock worth $3,207,000 after purchasing an additional 12,288 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of First of Long Island by 8.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 106,133 shares of the bank’s stock worth $3,035,000 after purchasing an additional 8,169 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of 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 worth $164,000 after purchasing an additional 630 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of 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 worth $1,533,000 after purchasing an additional 734 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of First of Long Island by 21.3% in the 2nd quarter. Alliancebernstein L.P. now owns 25,075 shares of the bank’s stock worth $717,000 after purchasing an additional 4,400 shares in the last quarter. Institutional investors and hedge funds own 53.87% of the company’s stock.

First of Long Island (NASDAQ FLIC) traded down $0.10 during trading on Friday, reaching $28.40. 38,663 shares of the company’s stock were exchanged, compared to its average volume of 44,392. 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 firm has a market cap of $699.52, a price-to-earnings ratio of 19.86 and a beta of 0.72. First of Long Island has a 52-week low of $25.60 and a 52-week high of $33.50.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.11%. First of Long Island’s dividend payout ratio (DPR) is 41.96%.

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About First of Long Island

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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