The First of Long Island Corp. (NASDAQ:FLIC) shares are set to split before the market opens on Tuesday, November 29th. The 3-2 split was announced on Thursday, October 27th. The newly created shares will be payable to shareholders after the closing bell on Monday, November 28th.

The First of Long Island Corp. (NASDAQ:FLIC) opened at 40.35 on Friday. The firm’s 50 day moving average price is $32.83 and its 200 day moving average price is $31.16. The firm has a market cap of $632.89 million, a price-to-earnings ratio of 20.26 and a beta of 0.63. The First of Long Island Corp. has a 52-week low of $26.14 and a 52-week high of $40.40.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Wednesday, October 5th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, October 3rd. This represents a $0.84 annualized dividend and a yield of 2.08%. This is a boost from The First of Long Island Corp.’s previous quarterly dividend of $0.20. The First of Long Island Corp.’s dividend payout ratio (DPR) is currently 42.42%.

Several equities research analysts recently commented on the company. Zacks Investment Research cut The First of Long Island Corp. from a “hold” rating to a “sell” rating in a research note on Monday, October 31st. Raymond James Financial Inc. raised The First of Long Island Corp. from a “market perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research note on Thursday, August 25th. Finally, Keefe, Bruyette & Woods raised their target price on The First of Long Island Corp. from $31.00 to $32.50 and gave the stock a “market perform” rating in a research note on Wednesday, August 17th.

In other news, CEO Michael N. Vittorio sold 3,634 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $32.65, for a total value of $118,650.10. Following the transaction, the chief executive officer now owns 65,113 shares in the company, valued at $2,125,939.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael N. Vittorio sold 4,066 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $32.75, for a total value of $133,161.50. Following the completion of the transaction, the chief executive officer now owns 66,461 shares in the company, valued at approximately $2,176,597.75. The disclosure for this sale can be found here. 6.18% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Boston Partners raised its position in The First of Long Island Corp. by 2.8% in the second quarter. Boston Partners now owns 83,040 shares of the company’s stock worth $2,381,000 after buying an additional 2,280 shares in the last quarter. Neuberger Berman Group LLC raised its position in The First of Long Island Corp. by 78.6% in the second quarter. Neuberger Berman Group LLC now owns 13,395 shares of the company’s stock worth $384,000 after buying an additional 5,895 shares in the last quarter. First Trust Advisors LP raised its position in The First of Long Island Corp. by 13.8% in the second quarter. First Trust Advisors LP now owns 15,383 shares of the company’s stock worth $441,000 after buying an additional 1,864 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in The First of Long Island Corp. during the second quarter worth $1,161,000. Finally, Swiss National Bank bought a new position in The First of Long Island Corp. during the second quarter worth $550,000. Institutional investors own 47.85% of the company’s stock.

The First of Long Island Corp. 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-in banking, merchant credit card services, and investment management and trust services.

5 Day Chart for NASDAQ:FLIC

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