First of Long Island Corp (NASDAQ:FLIC)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $24.48 and last traded at $24.48, with a volume of 440 shares traded. The stock had previously closed at $24.22.

FLIC has been the topic of a number of recent analyst reports. BidaskClub raised shares of First of Long Island from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Zacks Investment Research raised First of Long Island from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st.

The stock has a market capitalization of $591.61 million, a price-to-earnings ratio of 14.92 and a beta of 0.61. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50 day moving average of $23.04 and a 200 day moving average of $22.21.

First of Long Island (NASDAQ:FLIC) last released its quarterly earnings data on Wednesday, October 30th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The business had revenue of $27.61 million during the quarter, compared to analysts’ expectations of $27.79 million. First of Long Island had a return on equity of 10.92% and a net margin of 28.03%. As a group, research analysts expect that First of Long Island Corp will post 1.73 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, October 9th were issued a dividend of $0.18 per share. This is an increase from First of Long Island’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, October 8th. This represents a $0.72 annualized dividend and a dividend yield of 2.96%. First of Long Island’s payout ratio is presently 44.17%.

In related news, EVP Mark D. Curtis sold 5,000 shares of First of Long Island stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $23.55, for a total transaction of $117,750.00. Following the sale, the executive vice president now directly owns 61,394 shares of the company’s stock, valued at approximately $1,445,828.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael N. Vittorio sold 3,000 shares of First of Long Island stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $21.13, for a total transaction of $63,390.00. Following the sale, the insider now directly owns 109,679 shares in the company, valued at $2,317,517.27. The disclosure for this sale can be found here. Insiders have sold a total of 11,000 shares of company stock valued at $253,890 in the last ninety days. 4.93% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Mackay Shields LLC boosted its stake in shares of First of Long Island by 41.7% in the 3rd quarter. Mackay Shields LLC now owns 59,099 shares of the bank’s stock valued at $1,345,000 after purchasing an additional 17,400 shares during the last quarter. California Public Employees Retirement System grew its position in First of Long Island by 42.4% during the third quarter. California Public Employees Retirement System now owns 59,140 shares of the bank’s stock valued at $1,345,000 after buying an additional 17,595 shares during the period. Rhumbline Advisers grew its position in First of Long Island by 8.8% during the third quarter. Rhumbline Advisers now owns 37,892 shares of the bank’s stock valued at $862,000 after buying an additional 3,077 shares during the period. Meeder Asset Management Inc. bought a new position in First of Long Island during the third quarter valued at about $51,000. Finally, Colony Group LLC bought a new position in First of Long Island during the second quarter valued at about $1,172,000. 57.20% of the stock is currently owned by hedge funds and other institutional investors.

First of Long Island Company Profile (NASDAQ:FLIC)

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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