Milbrey Rennie Taylor Sells 2,236 Shares of First of Long Island Corp (FLIC) Stock

First of Long Island Corp (NASDAQ:FLIC) Director Milbrey Rennie Taylor sold 2,236 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $27.90, for a total transaction of $62,384.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of First of Long Island Corp (NASDAQ:FLIC) traded up $0.50 during midday trading on Thursday, reaching $28.05. 31,200 shares of the company were exchanged, compared to its average volume of 47,735. The firm has a market cap of $679.61, a price-to-earnings ratio of 18.61 and a beta of 0.72. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.96 and a current ratio of 0.96. First of Long Island Corp has a 12-month low of $25.60 and a 12-month high of $33.50.

A number of equities analysts recently weighed in on the stock. BidaskClub lowered shares of First of Long Island from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Zacks Investment Research raised shares of First of Long Island from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Wednesday, January 3rd. 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. Finally, ValuEngine lowered shares of First of Long Island from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $31.33.

A number of hedge funds and other institutional investors have recently made changes to their positions in FLIC. Wedge Capital Management L L P NC acquired a new position in First of Long Island in the 3rd quarter worth $6,924,000. Boston Partners boosted 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 purchasing an additional 88,100 shares during the period. Russell Investments Group Ltd. boosted 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 purchasing an additional 88,100 shares during the period. Wasatch Advisors Inc. boosted 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 purchasing an additional 68,262 shares during the period. Finally, Dimensional Fund Advisors LP boosted 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 purchasing an additional 59,491 shares during the period. 54.02% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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