The First of Long Island Corporation (NASDAQ:FLIC) Director Walter C. Teagle III sold 5,630 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $29.75, for a total value of $167,492.50. Following the sale, the director now owns 129,810 shares in the company, valued at approximately $3,861,847.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of The First of Long Island Corporation (NASDAQ:FLIC) traded down $0.10 during midday trading on Thursday, reaching $29.75. The company’s stock had a trading volume of 29,600 shares, compared to its average volume of 57,217. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.24. The First of Long Island Corporation has a 52-week low of $25.60 and a 52-week high of $33.50. The firm has a market cap of $735.24, a price-to-earnings ratio of 20.73 and a beta of 0.77.

The First of Long Island (NASDAQ:FLIC) last issued its quarterly earnings data on Monday, October 30th. The bank reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. The First of Long Island had a return on equity of 10.81% and a net margin of 28.36%. The firm had revenue of $26.87 million for the quarter, compared to analyst estimates of $27.05 million. research analysts expect that The First of Long Island Corporation will post 1.5 EPS for the current year.

A number of equities research analysts have recently issued reports on FLIC shares. ValuEngine upgraded The First of Long Island from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded The First of Long Island from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Thursday, September 28th. Finally, BidaskClub cut The First of Long Island from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th.

A number of hedge funds and other institutional investors have recently modified their holdings of FLIC. Teachers Advisors LLC grew its holdings in The First of Long Island by 3.9% in the 1st 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. Vanguard Group Inc. grew its holdings in The First of Long Island by 9.9% in the 1st quarter. Vanguard Group Inc. now owns 925,313 shares of the bank’s stock valued at $25,030,000 after buying an additional 83,555 shares in the last quarter. Geode Capital Management LLC grew its holdings in The First of Long Island by 3.7% in the 1st quarter. Geode Capital Management LLC now owns 176,041 shares of the bank’s stock valued at $4,761,000 after buying an additional 6,279 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of The First of Long Island by 21.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 308,997 shares of the bank’s stock worth $8,358,000 after purchasing an additional 54,194 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of The First of Long Island by 5.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 99,840 shares of the bank’s stock worth $2,701,000 after purchasing an additional 4,752 shares in the last quarter. 53.63% of the stock is currently owned by hedge funds and other institutional investors.

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The 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.

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

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