News headlines about First of Long Island (NASDAQ:FLIC) have trended very negative on Sunday, InfoTrie reports. The research group identifies positive and negative press coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. First of Long Island earned a news impact score of -3.20 on their scale. InfoTrie also gave headlines about the bank an news buzz score of 0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
FLIC has been the topic of a number of recent research reports. Piper Sandler upgraded First of Long Island from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $16.00 to $19.00 in a research note on Tuesday, May 5th. BidaskClub lowered First of Long Island from a “sell” rating to a “strong sell” rating in a research note on Friday, May 8th. TheStreet lowered First of Long Island from a “b-” rating to a “c+” rating in a research note on Friday, March 13th. Zacks Investment Research upgraded First of Long Island from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Wednesday, April 22nd. Finally, ValuEngine lowered First of Long Island from a “hold” rating to a “sell” rating in a research note on Friday, April 3rd. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. First of Long Island presently has a consensus rating of “Hold” and an average price target of $17.50.
First of Long Island stock opened at $15.17 on Friday. The stock’s fifty day moving average price is $14.91 and its two-hundred day moving average price is $20.53. First of Long Island has a one year low of $12.15 and a one year high of $25.53. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $358.40 million, a PE ratio of 8.79 and a beta of 0.52.
In other First of Long Island news, Director Paul T. Canarick purchased 2,966 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were bought at an average price of $15.25 per share, for a total transaction of $45,231.50. Following the purchase, the director now owns 401,612 shares in the company, valued at approximately $6,124,583. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders bought 4,966 shares of company stock worth $78,602. Corporate insiders own 5.35% of the company’s stock.
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 small and medium-sized 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 money market products.
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