Boston Partners boosted its stake in shares of The First of Long Island Corporation (NASDAQ:FLIC) by 13.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 118,601 shares of the bank’s stock after buying an additional 14,200 shares during the period. Boston Partners owned about 0.49% of The First of Long Island Corporation worth $3,392,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of The First of Long Island Corporation by 5.5% in the first quarter. Bank of America Corp DE now owns 16,238 shares of the bank’s stock valued at $439,000 after buying an additional 849 shares in the last quarter. American International Group Inc. boosted its position in shares of The First of Long Island Corporation by 7.1% in the first quarter. American International Group Inc. now owns 13,157 shares of the bank’s stock valued at $356,000 after buying an additional 871 shares in the last quarter. Anchor Capital Advisors LLC boosted its position in shares of The First of Long Island Corporation by 2.3% in the first quarter. Anchor Capital Advisors LLC now owns 52,156 shares of the bank’s stock valued at $1,411,000 after buying an additional 1,170 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of The First of Long Island Corporation by 3.9% in the first quarter. Teachers Advisors LLC now owns 35,283 shares of the bank’s stock valued at $954,000 after buying an additional 1,339 shares in the last quarter. Finally, United Asset Strategies Inc. boosted its position in shares of The First of Long Island Corporation by 2.4% in the first quarter. United Asset Strategies Inc. now owns 58,545 shares of the bank’s stock valued at $1,584,000 after buying an additional 1,349 shares in the last quarter. 51.25% of the stock is owned by institutional investors.

Shares of The First of Long Island Corporation (FLIC) opened at 27.05 on Monday. The First of Long Island Corporation has a 12 month low of $20.84 and a 12 month high of $30.15. The firm’s 50-day moving average is $27.83 and its 200 day moving average is $27.48. The company has a market capitalization of $659.53 million, a price-to-earnings ratio of 19.29 and a beta of 0.78.

The First of Long Island Corporation (NASDAQ:FLIC) last announced its quarterly earnings data on Friday, July 28th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The First of Long Island Corporation had a net margin of 28.29% and a return on equity of 10.68%. The business had revenue of $26.14 million during the quarter, compared to analyst estimates of $25.86 million. Equities analysts expect that The First of Long Island Corporation will post $1.51 EPS for the current year.

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Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of The First of Long Island Corporation from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Wednesday, August 2nd. BidaskClub cut shares of The First of Long Island Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $30.00 price objective on shares of The First of Long Island Corporation in a research note on Wednesday, May 3rd.

In other news, insider Donald L. Manfredonia sold 2,000 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $28.71, for a total transaction of $57,420.00. Following the completion of the transaction, the insider now directly owns 99,731 shares in the company, valued at approximately $2,863,277.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Donald L. Manfredonia sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $27.93, for a total value of $27,930.00. Following the transaction, the insider now owns 100,231 shares of the company’s stock, valued at $2,799,451.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,843 shares of company stock valued at $303,668. Insiders own 4.83% of the company’s stock.

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

Institutional Ownership by Quarter for The First of Long Island Corporation (NASDAQ:FLIC)

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