The First of Long Island Corp. (NASDAQ:flic) announced a quarterly dividend on Wednesday, September 21st. Stockholders of record on Wednesday, October 5th will be paid a dividend of 0.21 per share on Friday, October 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Monday, October 3rd. This is a boost from The First of Long Island Corp.’s previous quarterly dividend of $0.20.

In other The First of Long Island Corp. news, CEO Michael N. Vittorio sold 3,634 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $32.65, for a total transaction of $118,650.10. Following the sale, the chief executive officer now directly owns 65,113 shares in the company, valued at $2,125,939.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael N. Vittorio sold 4,066 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $32.75, for a total value of $133,161.50. Following the sale, the chief executive officer now owns 66,461 shares in the company, valued at $2,176,597.75. The disclosure for this sale can be found here. Company insiders own 6.18% of the company’s stock.

Large investors have recently modified their holdings of the stock. Nationwide Fund Advisors increased its stake in shares of The First of Long Island Corp. by 18.6% in the second quarter. Nationwide Fund Advisors now owns 9,268 shares of the company’s stock worth $266,000 after buying an additional 1,453 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of The First of Long Island Corp. by 60.1% in the second quarter. Dimensional Fund Advisors LP now owns 109,554 shares of the company’s stock worth $3,141,000 after buying an additional 41,106 shares during the period. Vanguard Group Inc. increased its stake in shares of The First of Long Island Corp. by 28.8% in the second quarter. Vanguard Group Inc. now owns 508,298 shares of the company’s stock worth $14,572,000 after buying an additional 113,575 shares during the period. BlackRock Advisors LLC increased its stake in shares of The First of Long Island Corp. by 12.5% in the second quarter. BlackRock Advisors LLC now owns 7,220 shares of the company’s stock worth $207,000 after buying an additional 800 shares during the period. Finally, BlackRock Investment Management LLC increased its stake in shares of The First of Long Island Corp. by 27.8% in the second quarter. BlackRock Investment Management LLC now owns 60,520 shares of the company’s stock worth $1,735,000 after buying an additional 13,164 shares during the period. Institutional investors and hedge funds own 47.90% of the company’s stock.

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The First of Long Island Corp. (NASDAQ:FLIC) opened at 32.12 on Thursday. The firm’s 50-day moving average price is $31.76 and its 200-day moving average price is $30.00. The First of Long Island Corp. has a 52 week low of $25.43 and a 52 week high of $33.37. The stock has a market cap of $503.32 million, a PE ratio of 16.46 and a beta of 0.72.

The First of Long Island Corp. (NASDAQ:FLIC) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The First of Long Island Corp. had a return on equity of 10.59% and a net margin of 26.24%. Equities analysts predict that The First of Long Island Corp. will post $2.06 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on FLIC shares. Zacks Investment Research lowered The First of Long Island Corp. from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 4th. Keefe, Bruyette & Woods lifted their price target on 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. Finally, Raymond James Financial Inc. upgraded The First of Long Island Corp. from a “market perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a research report on Thursday, August 25th.

About The First of Long Island Corp.

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.

5 Day Chart for NASDAQ:FLIC

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