Media stories about First of Long Island (NASDAQ:FLIC) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First of Long Island earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 46.4913930629808 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
FLIC has been the topic of several research reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $31.00 price target on shares of First of Long Island in a report on Tuesday, February 27th. Zacks Investment Research lowered shares of First of Long Island from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Sandler O’Neill set a $33.00 price target on shares of First of Long Island and gave the company a “buy” rating in a report on Wednesday, January 3rd. BidaskClub raised shares of First of Long Island from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Finally, ValuEngine lowered shares of First of Long Island from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.67.
Shares of First of Long Island stock opened at $27.85 on Friday. The company has a market cap of $696.75, a P/E ratio of 18.82 and a beta of 0.71. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.96 and a current ratio of 0.96. First of Long Island has a 1 year low of $26.05 and a 1 year high of $33.50.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 4th. Shareholders of record on Friday, March 16th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Thursday, March 15th. First of Long Island’s payout ratio is 40.54%.
In other First of Long Island news, insider Donald L. Manfredonia sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $29.00, for a total transaction of $58,000.00. Following the sale, the insider now directly owns 113,762 shares of the company’s stock, valued at approximately $3,299,098. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael N. Vittorio sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $27.53, for a total transaction of $82,590.00. Following the sale, the insider now directly owns 106,135 shares in the company, valued at $2,921,896.55. The disclosure for this sale can be found here. Insiders have sold a total of 9,036 shares of company stock worth $253,608 over the last three months. Insiders own 4.64% of the company’s stock.
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About First of Long Island
The First of Long Island Corporation operates as the holding company for The First National Bank of Long Island that provides financial services to privately owned businesses, professionals, consumers, public bodies, and other organizations. Its deposit products include business and small business checking, personal checking products, savings accounts, negotiable order of withdrawal accounts and IOLA, escrow service accounts, rent security accounts, time deposits, holiday club accounts, and individual retirement accounts, as well as personal and non-personal money market and savings products.
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