Wasatch Advisors Inc. grew its holdings in The First of Long Island Corporation (NASDAQ:FLIC) by 12.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 616,598 shares of the bank’s stock after acquiring an additional 68,262 shares during the period. Wasatch Advisors Inc. owned about 2.53% of The First of Long Island Corporation worth $18,775,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of The First of Long Island Corporation during the 3rd quarter worth $105,000. Nordea Investment Management AB lifted its position in shares of The First of Long Island Corporation by 32.5% during the 2nd quarter. Nordea Investment Management AB now owns 5,300 shares of the bank’s stock worth $152,000 after purchasing an additional 1,300 shares during the last quarter. Legal & General Group Plc lifted its position in shares of The First of Long Island Corporation by 12.3% during the 2nd quarter. Legal & General Group Plc now owns 5,752 shares of the bank’s stock worth $164,000 after purchasing an additional 630 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of The First of Long Island Corporation during the 2nd quarter worth $204,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of The First of Long Island Corporation during the 2nd quarter worth $227,000. 52.97% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on FLIC shares. 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 report on Wednesday, August 2nd. BidaskClub raised shares of The First of Long Island Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, ValuEngine raised shares of The First of Long Island Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.

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In related news, EVP Donald L. Manfredonia sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $29.17, for a total value of $29,170.00. Following the completion of the sale, the executive vice president now directly owns 108,500 shares of the company’s stock, valued at $3,164,945. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael N. Vittorio sold 3,000 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $26.80, for a total transaction of $80,400.00. Following the completion of the sale, the insider now directly owns 99,006 shares of the company’s stock, valued at $2,653,360.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,054 shares of company stock valued at $375,344. 4.83% of the stock is owned by corporate insiders.

The First of Long Island Corporation (FLIC) traded down $0.05 during trading on Wednesday, hitting $29.40. 56,000 shares of the stock traded hands, compared to its average volume of 57,844. The stock has a market cap of $725.39, a PE ratio of 20.45 and a beta of 0.81. The First of Long Island Corporation has a 1-year low of $25.08 and a 1-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.

The First of Long Island Corporation (NASDAQ:FLIC) last released its quarterly earnings data on Monday, October 30th. The bank reported $0.38 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. The business had revenue of $26.87 million during the quarter, compared to analysts’ expectations of $27.05 million. The First of Long Island Corporation had a net margin of 28.36% and a return on equity of 10.81%. sell-side analysts expect that The First of Long Island Corporation will post 1.5 earnings per share for the current year.

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.

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

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