The First of Long Island Corp. (NASDAQ:FLIC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “The First of Long Island Corporation is a one-bank holding company. “

FLIC has been the subject of a number of other research reports. Raymond James Financial Inc. upgraded shares of The First of Long Island Corp. from a “market perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a research report on Thursday, August 25th. Keefe, Bruyette & Woods upped their price objective on shares of The First of Long Island Corp. from $31.00 to $32.50 and gave the stock a “market perform” rating in a research report on Wednesday, August 17th.

The First of Long Island Corp. (NASDAQ:FLIC) traded down 0.13% during trading on Monday, reaching $38.80. 21,289 shares of the company were exchanged. The First of Long Island Corp. has a 12 month low of $26.14 and a 12 month high of $40.40. The stock has a 50 day moving average price of $33.42 and a 200 day moving average price of $31.36. The firm has a market capitalization of $612.65 million, a PE ratio of 19.49 and a beta of 0.63. The First of Long Island Corp. shares are scheduled to split on Tuesday, November 29th. The 3-2 split was announced on Thursday, October 27th. The newly created shares will be distributed to shareholders after the closing bell on Monday, November 28th.

In other news, CEO Michael N. Vittorio sold 4,066 shares of the stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard Kick sold 1,600 shares of the stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $32.25, for a total transaction of $51,600.00. Following the completion of the transaction, the insider now owns 56,905 shares of the company’s stock, valued at approximately $1,835,186.25. The disclosure for this sale can be found here. 6.18% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position 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 in the last quarter. Hilton Capital Management LLC increased its position 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 in the last quarter. Silvercrest Asset Management Group LLC increased its position 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 in the last quarter. Anchor Capital Advisors LLC increased its position in shares of The First of Long Island Corp. by 0.7% in the second quarter. Anchor Capital Advisors LLC now owns 35,088 shares of the company’s stock worth $1,006,000 after buying an additional 228 shares in the last quarter. Finally, Highlander Capital Management LLC increased its position in shares of The First of Long Island Corp. by 55.9% in the second quarter. Highlander Capital Management LLC now owns 17,289 shares of the company’s stock worth $496,000 after buying an additional 6,199 shares in the last quarter. Institutional investors and hedge funds own 47.32% of the company’s stock.

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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