The First of Long Island Corporation (FLIC) EVP Donald L. Manfredonia Sells 1,000 Shares

The First of Long Island Corporation (NASDAQ:FLIC) EVP Donald L. Manfredonia sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $29.17, for a total transaction of $29,170.00. Following the transaction, the executive vice president now directly owns 108,500 shares of the company’s stock, valued at approximately $3,164,945. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of The First of Long Island Corporation (NASDAQ FLIC) traded down $0.25 during trading hours on Monday, hitting $29.90. 39,600 shares of the stock traded hands, compared to its average volume of 57,458. The First of Long Island Corporation has a 52-week low of $25.60 and a 52-week high of $33.50. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.24. The company has a market cap of $736.47, a PE ratio of 20.76 and a beta of 0.77.

The First of Long Island (NASDAQ:FLIC) last released its quarterly earnings data on Monday, October 30th. The bank reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The First of Long Island had a return on equity of 10.81% and a net margin of 28.36%. The firm had revenue of $26.87 million during the quarter, compared to the consensus estimate of $27.05 million. equities analysts forecast that The First of Long Island Corporation will post 1.5 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Neuberger Berman Group LLC lifted its stake in The First of Long Island by 0.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 18,909 shares of the bank’s stock worth $541,000 after acquiring an additional 64 shares in the last quarter. Legal & General Group Plc grew its stake in The First of Long Island by 12.3% during the 2nd 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 last quarter. Wells Fargo & Company MN grew its stake in The First of Long Island by 1.4% during the 2nd quarter. Wells Fargo & Company MN now owns 53,590 shares of the bank’s stock worth $1,533,000 after buying an additional 734 shares during the last quarter. Bank of America Corp DE grew its stake in The First of Long Island by 5.5% during the 1st quarter. Bank of America Corp DE now owns 16,238 shares of the bank’s stock worth $439,000 after buying an additional 849 shares during the last quarter. Finally, American International Group Inc. grew its stake in The First of Long Island by 7.1% during the 1st quarter. American International Group Inc. now owns 13,157 shares of the bank’s stock worth $356,000 after buying an additional 871 shares during the last quarter. 53.63% of the stock is owned by institutional investors and hedge funds.

FLIC has been the subject of a number of research reports. Zacks Investment Research upgraded shares of The First of Long Island from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Wednesday, August 23rd. ValuEngine upgraded shares of The First of Long Island from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub raised shares of The First of Long Island from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th.

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The First of Long Island 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 (NASDAQ:FLIC)

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