The First of Long Island Corporation (NASDAQ:FLIC) insider Michael N. Vittorio sold 3,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $26.80, for a total value of $80,400.00. Following the transaction, the insider now directly owns 99,006 shares in the company, valued at approximately $2,653,360.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

The First of Long Island Corporation (NASDAQ:FLIC) opened at 27.00 on Monday. The firm’s 50 day moving average price is $27.47 and its 200-day moving average price is $27.46. The stock has a market cap of $658.31 million, a price-to-earnings ratio of 19.26 and a beta of 0.79. The First of Long Island Corporation has a 52 week low of $20.99 and a 52 week high of $30.15.

The First of Long Island Corporation (NASDAQ:FLIC) last posted its quarterly earnings data on Friday, July 28th. The bank reported $0.37 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $26.14 million for the quarter, compared to analysts’ expectations of $25.86 million. Analysts expect that The First of Long Island Corporation will post $1.51 EPS for the current year.

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Several institutional investors have recently bought and sold shares of FLIC. Teachers Advisors LLC grew its holdings in shares of The First of Long Island Corporation by 50.0% during the 4th quarter. Teachers Advisors LLC now owns 33,944 shares of the bank’s stock valued at $969,000 after acquiring an additional 11,314 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of The First of Long Island Corporation by 439.3% during the 1st quarter. Bank of Montreal Can now owns 22,646 shares of the bank’s stock valued at $613,000 after acquiring an additional 18,447 shares in the last quarter. Strs Ohio purchased a new position in shares of The First of Long Island Corporation during the 1st quarter valued at $3,246,000. Wells Fargo & Company MN grew its holdings in shares of The First of Long Island Corporation by 3.2% during the 1st quarter. Wells Fargo & Company MN now owns 52,856 shares of the bank’s stock valued at $1,430,000 after acquiring an additional 1,653 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of The First of Long Island Corporation by 9.7% during the 1st quarter. First Trust Advisors LP now owns 43,507 shares of the bank’s stock valued at $1,177,000 after acquiring an additional 3,846 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

FLIC has been the topic of a number of recent analyst reports. Zacks Investment Research raised The First of Long Island Corporation from a “strong sell” rating to a “hold” rating in a research note on Monday, July 3rd. BidaskClub raised The First of Long Island Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, ValuEngine raised The First of Long Island Corporation from a “hold” rating to a “buy” rating in a research note on Friday.

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.

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

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