Michael N. Vittorio Sells 3,000 Shares of First of Long Island Corp (FLIC) Stock

First of Long Island Corp (NASDAQ:FLIC) insider Michael N. Vittorio sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $27.53, for a total value of $82,590.00. Following the sale, the insider now directly owns 106,135 shares of the company’s stock, valued at $2,921,896.55. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of First of Long Island Corp (NASDAQ:FLIC) traded up $0.25 during mid-day trading on Monday, hitting $27.65. The company had a trading volume of 46,700 shares, compared to its average volume of 48,545. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.96 and a quick ratio of 0.96. First of Long Island Corp has a 1-year low of $25.60 and a 1-year high of $33.50. The company has a market cap of $674.89, a P/E ratio of 19.16 and a beta of 0.72.

Several hedge funds have recently modified their holdings of FLIC. SG Americas Securities LLC bought a new position in shares of First of Long Island in the 3rd quarter valued at approximately $105,000. Legal & General Group Plc raised its stake 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 valued at $164,000 after acquiring an additional 630 shares in the last quarter. UBS Asset Management Americas Inc. bought a new position in shares of First of Long Island in the 2nd quarter valued at approximately $204,000. Teacher Retirement System of Texas bought a new position in shares of First of Long Island in the 4th quarter valued at approximately $214,000. Finally, GSA Capital Partners LLP bought a new position in shares of First of Long Island in the 2nd quarter valued at approximately $227,000. 54.02% of the stock is currently owned by institutional investors and hedge funds.

FLIC has been the subject of a number of recent research reports. Zacks Investment Research raised First of Long Island from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Wednesday, January 10th. Sandler O’Neill set a $33.00 price objective on First of Long Island and gave the company a “buy” rating in a research note on Wednesday, January 3rd. ValuEngine downgraded First of Long Island from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub raised First of Long Island from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. First of Long Island has an average rating of “Hold” and a consensus target price of $31.33.

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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.

Insider Buying and Selling by Quarter for First of Long Island (NASDAQ:FLIC)

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