The First of Long Island Corporation (NASDAQ:FLIC) Director Milbrey Rennie Taylor sold 2,079 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $30.11, for a total transaction of $62,598.69. Following the sale, the director now directly owns 20,001 shares of the company’s stock, valued at approximately $602,230.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

The First of Long Island Corporation (NASDAQ:FLIC) last announced its quarterly earnings results on Monday, October 30th. The bank reported $0.38 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.38. The business had revenue of $26.87 million during the quarter, compared to the consensus estimate of $27.05 million. The First of Long Island Corporation had a net margin of 28.36% and a return on equity of 11.02%.

The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Wednesday, October 11th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Tuesday, October 10th. 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 currently 41.67%.

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

Several institutional investors and hedge funds have recently made changes to their positions in FLIC. Bank of New York Mellon Corp increased its holdings in shares of The First of Long Island Corporation by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 97,964 shares of the bank’s stock valued at $2,650,000 after purchasing an additional 4,836 shares in the last quarter. Swiss National Bank increased its holdings in shares of The First of Long Island Corporation by 11.2% in the 1st quarter. Swiss National Bank now owns 34,850 shares of the bank’s stock valued at $943,000 after purchasing an additional 3,500 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of The First of Long Island Corporation in the 1st quarter valued at about $163,000. American International Group Inc. increased its holdings in shares of The First of Long Island Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 13,157 shares of the bank’s stock valued at $356,000 after purchasing an additional 871 shares in the last quarter. Finally, Teachers Advisors LLC increased its holdings in shares of The First of Long Island Corporation by 3.9% in the 1st quarter. Teachers Advisors LLC now owns 35,283 shares of the bank’s stock valued at $954,000 after purchasing an additional 1,339 shares in the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

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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