The First of Long Island Corp. (NASDAQ:FLIC) insider Donald L. Manfredonia sold 500 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $33.45, for a total value of $16,725.00. Following the sale, the insider now owns 62,600 shares in the company, valued at $2,093,970. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

The First of Long Island Corp. (NASDAQ:FLIC) opened at 40.35 on Monday. The First of Long Island Corp. has a 1-year low of $26.14 and a 1-year high of $40.40. The firm has a 50-day moving average of $32.83 and a 200-day moving average of $31.16. The stock has a market capitalization of $637.13 million, a price-to-earnings ratio of 20.27 and a beta of 0.63. Shares of The First of Long Island Corp. are going to split on the morning of Tuesday, November 29th. The 3-2 split was announced on Thursday, October 27th. The newly issued shares will be distributed to shareholders after the market closes on Monday, November 28th.

Insider Buying and Selling by Quarter for The First of Long Island Corp. (NASDAQ:FLIC)

Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in shares of The First of Long Island Corp. by 19.2% in the second quarter. Bank of New York Mellon Corp now owns 52,523 shares of the company’s stock worth $1,506,000 after buying an additional 8,451 shares during the last quarter. Hilton Capital Management LLC boosted its stake in shares of The First of Long Island Corp. by 22.6% in the second quarter. Hilton Capital Management LLC now owns 221,675 shares of the company’s stock worth $6,355,000 after buying an additional 40,848 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in shares of The First of Long Island Corp. by 11.9% in the first quarter. Silvercrest Asset Management Group LLC now owns 13,449 shares of the company’s stock worth $383,000 after buying an additional 1,433 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of The First of Long Island Corp. by 5.4% in the first quarter. Goldman Sachs Group Inc. now owns 417,786 shares of the company’s stock worth $11,907,000 after buying an additional 21,415 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of The First of Long Island Corp. during the second quarter worth approximately $1,161,000. 47.79% of the stock is owned by institutional investors and hedge funds.

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

About The First of Long Island Corp.

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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