Analysts Anticipate First of Long Island Corp (FLIC) to Post $0.44 Earnings Per Share

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

Zacks has also given First of Long Island an industry rank of 14 out of 265 based on the ratings given to its competitors.

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

In related news, insider Richard Kick sold 3,975 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $29.00, for a total transaction of $115,275.00. Following the completion of the transaction, the insider now directly owns 89,310 shares of the company’s stock, valued at $2,589,990. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Walter C. Teagle III sold 5,630 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $29.75, for a total value of $167,492.50. Following the sale, the director now owns 129,810 shares in the company, valued at $3,861,847.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,355 shares of company stock valued at $681,140. 4.83% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in First of Long Island during the third quarter valued at approximately $105,000. Legal & General Group Plc raised its holdings in shares of First of Long Island by 12.3% in the second quarter. Legal & General Group Plc now owns 5,752 shares of the bank’s stock worth $164,000 after buying an additional 630 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in shares of First of Long Island in the second quarter worth approximately $204,000. Teacher Retirement System of Texas purchased a new stake in shares of First of Long Island in the fourth quarter worth approximately $214,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of First of Long Island in the second quarter worth approximately $227,000. Institutional investors and hedge funds own 54.02% of the company’s stock.

First of Long Island (NASDAQ FLIC) traded up $0.25 during midday trading on Monday, hitting $27.65. The stock had a trading volume of 46,700 shares, compared to its average volume of 49,102. The company has a market capitalization of $674.89, a price-to-earnings ratio of 19.34 and a beta of 0.72. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.96 and a current ratio of 0.96. First of Long Island has a 1 year low of $25.60 and a 1 year high of $33.50.

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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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