First of Long Island Corp (NASDAQ:FLIC) CEO Michael N. Vittorio Sells 3,000 Shares
First of Long Island Corp (NASDAQ:FLIC) CEO Michael N. Vittorio sold 3,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $24.25, for a total value of $72,750.00. Following the completion of the sale, the chief executive officer now owns 106,679 shares in the company, valued at $2,586,965.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of FLIC stock opened at $24.25 on Friday. First of Long Island Corp has a 1 year low of $17.53 and a 1 year high of $24.47. The company has a market cap of $591.61 million, a PE ratio of 14.88 and a beta of 0.61. The stock’s 50 day simple moving average is $23.07 and its two-hundred day simple moving average is $22.22. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.95 and a quick ratio of 0.95.
First of Long Island (NASDAQ:FLIC) last announced its quarterly earnings data on Wednesday, October 30th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. First of Long Island had a return on equity of 10.92% and a net margin of 28.03%. The company had revenue of $27.61 million for the quarter, compared to analysts’ expectations of $27.79 million. Equities research analysts expect that First of Long Island Corp will post 1.73 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Mackay Shields LLC boosted its position in First of Long Island by 41.7% during the 3rd quarter. Mackay Shields LLC now owns 59,099 shares of the bank’s stock valued at $1,345,000 after acquiring an additional 17,400 shares in the last quarter. California Public Employees Retirement System boosted its position in First of Long Island by 42.4% during the 3rd quarter. California Public Employees Retirement System now owns 59,140 shares of the bank’s stock valued at $1,345,000 after acquiring an additional 17,595 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of First of Long Island by 8.8% during the 3rd quarter. Rhumbline Advisers now owns 37,892 shares of the bank’s stock valued at $862,000 after purchasing an additional 3,077 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of First of Long Island during the 3rd quarter valued at $51,000. Finally, Colony Group LLC purchased a new stake in shares of First of Long Island during the 2nd quarter valued at $1,172,000. 57.20% of the stock is currently owned by institutional investors.
A number of research firms recently commented on FLIC. BidaskClub upgraded First of Long Island from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Zacks Investment Research upgraded First of Long Island from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st.
First of Long Island Company Profile
The First of Long Island Corporation operates as the holding company for The First National Bank of Long Island that provides financial services to small and medium-sized businesses, professionals, consumers, public bodies, and other organizations. Its deposit products include business and small business checking, personal checking products, savings accounts, negotiable order of withdrawal accounts and IOLA, escrow service accounts, rent security accounts, time deposits, holiday club accounts, and individual retirement accounts, as well as money market products.
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