First of Long Island (NASDAQ:FLIC) has been given a $33.00 price target by stock analysts at Sandler O’Neill in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the bank’s stock. Sandler O’Neill’s target price indicates a potential upside of 18.49% from the stock’s current price.

Several other analysts also recently issued reports on FLIC. Zacks Investment Research raised shares of First of Long Island from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday. ValuEngine downgraded shares of First of Long Island from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. First of Long Island currently has a consensus rating of “Hold” and a consensus target price of $31.67.

Shares of First of Long Island (NASDAQ:FLIC) traded up $0.15 during mid-day trading on Wednesday, hitting $27.85. 71,500 shares of the stock traded hands, compared to its average volume of 56,367. The firm has a market cap of $682.28, a P/E ratio of 19.34 and a beta of 0.77. First of Long Island has a one year low of $25.60 and a one year high of $33.50. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.24.

First of Long Island (NASDAQ:FLIC) last announced its quarterly earnings data on Monday, October 30th. The bank reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. The company had revenue of $26.87 million during the quarter, compared to the consensus estimate of $27.05 million. First of Long Island had a net margin of 28.36% and a return on equity of 10.81%. equities analysts expect that First of Long Island will post 1.5 EPS for the current year.

In related news, insider Mark D. Curtis sold 6,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $29.38, for a total value of $176,280.00. Following the sale, the insider now directly owns 41,607 shares in the company, valued at approximately $1,222,413.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Walter C. Teagle III sold 5,630 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $29.75, for a total value of $167,492.50. Following the completion of the sale, the director now owns 129,810 shares in the company, valued at $3,861,847.50. The disclosure for this sale can be found here. Insiders have sold a total of 22,434 shares of company stock worth $661,149 over the last quarter. Company insiders own 4.83% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in First of Long Island in the 3rd quarter valued at about $105,000. Nordea Investment Management AB raised its stake in First of Long Island by 32.5% in the 2nd quarter. Nordea Investment Management AB now owns 5,300 shares of the bank’s stock valued at $152,000 after acquiring an additional 1,300 shares during the period. Legal & General Group Plc raised its stake in First of Long Island by 12.3% in the 2nd quarter. Legal & General Group Plc now owns 5,752 shares of the bank’s stock valued at $164,000 after acquiring an additional 630 shares during the period. UBS Asset Management Americas Inc. bought a new stake in First of Long Island in the 2nd quarter valued at about $204,000. Finally, GSA Capital Partners LLP bought a new stake in First of Long Island in the 2nd quarter valued at about $227,000. Institutional investors and hedge funds own 53.63% of the company’s stock.

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First of Long Island 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.

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