The First of Long Island Corporation (FLIC) Insider Mark D. Curtis Sells 6,000 Shares of Stock

The First of Long Island Corporation (NASDAQ:FLIC) insider Mark D. Curtis sold 6,000 shares of The First of Long Island Corporation stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $29.38, for a total value of $176,280.00. Following the sale, the insider now directly owns 41,607 shares in the company, valued at $1,222,413.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

The First of Long Island Corporation (FLIC) traded up $0.30 during midday trading on Friday, reaching $29.10. The company’s stock had a trading volume of 18,340 shares, compared to its average volume of 57,691. 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 firm has a market capitalization of $716.77, a P/E ratio of 20.00 and a beta of 0.81. The First of Long Island Corporation has a 12 month low of $25.08 and a 12 month high of $33.50.

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

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A number of research firms recently weighed in on FLIC. BidaskClub raised The First of Long Island Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded The First of Long Island Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, ValuEngine downgraded The First of Long Island Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in The First of Long Island Corporation during the third quarter valued at approximately $105,000. Nordea Investment Management AB boosted its holdings in The First of Long Island Corporation by 32.5% during the second quarter. Nordea Investment Management AB now owns 5,300 shares of the bank’s stock valued at $152,000 after purchasing an additional 1,300 shares in the last quarter. Legal & General Group Plc boosted its holdings in The First of Long Island Corporation by 12.3% during the second quarter. Legal & General Group Plc now owns 5,752 shares of the bank’s stock valued at $164,000 after purchasing an additional 630 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in The First of Long Island Corporation during the second quarter valued at approximately $204,000. Finally, GSA Capital Partners LLP acquired a new stake in The First of Long Island Corporation during the second quarter valued at approximately $227,000. 52.97% of the stock is currently owned by institutional investors.

About The First of Long Island Corporation

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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