First of Long Island (NASDAQ:FLIC) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of First of Long Island (NASDAQ:FLIC) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods raised their price target on First of Long Island from $11.00 to $13.00 and gave the company a “market perform” rating in a report on Monday, July 29th.

First of Long Island Stock Up 2.5 %

FLIC stock opened at $12.91 on Monday. The firm’s 50-day simple moving average is $12.86 and its 200 day simple moving average is $11.56. First of Long Island has a fifty-two week low of $9.30 and a fifty-two week high of $13.95. The stock has a market cap of $290.99 million, a PE ratio of 14.67 and a beta of 0.68. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.15.

Insider Activity

In other First of Long Island news, Director John Abbott Root Cooper sold 166,633 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $12.70, for a total transaction of $2,116,239.10. Following the completion of the sale, the director now directly owns 3,453 shares of the company’s stock, valued at approximately $43,853.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.67% of the company’s stock.

Hedge Funds Weigh In On First of Long Island

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake in shares of First of Long Island by 57.3% during the 1st quarter. BNP Paribas Financial Markets now owns 21,762 shares of the bank’s stock valued at $241,000 after buying an additional 7,927 shares during the period. Janney Montgomery Scott LLC acquired a new stake in First of Long Island during the first quarter valued at $132,000. John G Ullman & Associates Inc. purchased a new position in First of Long Island in the first quarter valued at about $226,000. Empowered Funds LLC grew its stake in First of Long Island by 8.1% in the first quarter. Empowered Funds LLC now owns 51,140 shares of the bank’s stock valued at $567,000 after purchasing an additional 3,850 shares in the last quarter. Finally, Anchor Capital Advisors LLC increased its position in First of Long Island by 15.3% in the 1st quarter. Anchor Capital Advisors LLC now owns 155,024 shares of the bank’s stock worth $1,719,000 after purchasing an additional 20,569 shares during the last quarter. Hedge funds and other institutional investors own 48.33% of the company’s stock.

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, municipalities, and other organizations. The company offers business and small business checking, personal checking, negotiable order of withdrawal, interest on lawyer, escrow service, rent security, personal and nonpersonal money market, savings, time deposit, and individual retirement accounts.