Zacks Investment Research lowered shares of The First of Long Island Corp. (NASDAQ:FLIC) from a hold rating to a sell rating in a report published on Tuesday morning.

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

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods increased their price objective on The First of Long Island Corp. from $20.67 to $21.67 and gave the stock a market perform rating in a report on Wednesday, August 17th. Raymond James Financial Inc. raised The First of Long Island Corp. from a market perform rating to an outperform rating and set a $18.67 price objective for the company in a report on Thursday, August 25th.

The First of Long Island Corp. (NASDAQ:FLIC) opened at 25.75 on Tuesday. The First of Long Island Corp. has a 12-month low of $17.43 and a 12-month high of $26.93. The stock has a 50 day moving average price of $34.47 and a 200-day moving average price of $31.80. The firm has a market capitalization of $406.59 million, a PE ratio of 12.93 and a beta of 0.63.

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In other The First of Long Island Corp. news, CEO Michael N. Vittorio sold 4,066 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $32.75, for a total transaction of $133,161.50. Following the completion of the transaction, the chief executive officer now directly owns 66,461 shares of the company’s stock, valued at approximately $2,176,597.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Richard Kick sold 1,600 shares of the stock in a transaction on Monday, November 7th. The shares were sold at an average price of $32.25, for a total value of $51,600.00. Following the transaction, the insider now directly owns 56,905 shares of the company’s stock, valued at $1,835,186.25. The disclosure for this sale can be found here. Company insiders own 6.18% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company purchased a new position in shares of The First of Long Island Corp. during the third quarter worth about $6,134,000. Vanguard Group Inc. increased its stake in shares of The First of Long Island Corp. by 28.8% in the second quarter. Vanguard Group Inc. now owns 508,298 shares of the company’s stock worth $14,572,000 after buying an additional 113,575 shares during the period. Stieven Capital Advisors L.P. bought a new stake in shares of The First of Long Island Corp. during the second quarter worth approximately $1,898,000. Maltese Capital Management LLC bought a new stake in shares of The First of Long Island Corp. during the second quarter worth approximately $1,864,000. Finally, Banc Funds Co. LLC increased its stake in shares of The First of Long Island Corp. by 27.8% in the second quarter. Banc Funds Co. LLC now owns 280,543 shares of the company’s stock worth $8,043,000 after buying an additional 61,000 shares during the period. 49.38% of the stock is owned by hedge funds and other institutional investors.

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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