Zacks: First of Long Island Corp (FLIC) Receives Average Recommendation of “Hold” from Analysts
Shares of First of Long Island Corp (NASDAQ:FLIC) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Zacks has also assigned First of Long Island an industry rank of 30 out of 265 based on the ratings given to related companies.
Several equities analysts have recently weighed in on FLIC shares. Sandler O’Neill set a $33.00 target price on shares of First of Long Island and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Zacks Investment Research downgraded shares of First of Long Island from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. ValuEngine downgraded shares of First of Long Island from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub downgraded shares of First of Long Island from a “hold” rating to a “sell” rating in a research note on Friday, January 5th.
A number of large investors have recently modified their holdings of the stock. Wedge Capital Management L L P NC purchased a new position in First of Long Island in the 3rd quarter worth approximately $6,924,000. Boston Partners grew its stake in First of Long Island by 74.3% in the 3rd quarter. Boston Partners now owns 206,701 shares of the bank’s stock worth $6,294,000 after buying an additional 88,100 shares in the last quarter. Russell Investments Group Ltd. grew its stake in First of Long Island by 118.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 162,550 shares of the bank’s stock worth $4,949,000 after buying an additional 88,100 shares in the last quarter. Wasatch Advisors Inc. grew its stake in First of Long Island by 12.4% in the 3rd quarter. Wasatch Advisors Inc. now owns 616,598 shares of the bank’s stock worth $18,775,000 after buying an additional 68,262 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in First of Long Island by 19.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 368,488 shares of the bank’s stock worth $10,539,000 after buying an additional 59,491 shares in the last quarter. 54.02% of the stock is owned by institutional investors.
First of Long Island (NASDAQ FLIC) traded up $0.50 on Monday, hitting $28.60. 42,406 shares of the stock traded hands, compared to its average volume of 43,345. The stock has a market capitalization of $693.18, a P/E ratio of 20.00 and a beta of 0.72. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.96 and a quick ratio of 0.96. First of Long Island has a 52-week low of $25.60 and a 52-week high of $33.50.
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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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