First of Long Island (NASDAQ:FLIC) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of First of Long Island (NASDAQ:FLIC) in a note issued to investors on Tuesday. The firm set a “hold” rating on the bank’s stock.

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

First of Long Island Trading Up 4.1 %

NASDAQ FLIC opened at $14.32 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.98 and a quick ratio of 0.98. The firm’s fifty day moving average price is $12.97 and its 200 day moving average price is $11.66. The company has a market capitalization of $322.77 million, a price-to-earnings ratio of 16.27 and a beta of 0.68. First of Long Island has a 12 month low of $9.30 and a 12 month high of $14.67.

Insider Transactions at First of Long Island

In other news, Director John Abbott Root Cooper sold 166,633 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $12.70, for a total value of $2,116,239.10. Following the completion of the sale, the director now owns 3,453 shares in the company, valued at approximately $43,853.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.33% of the company’s stock.

Institutional Trading of First of Long Island

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers lifted its stake in shares of First of Long Island by 3.8% in the second quarter. Rhumbline Advisers now owns 33,419 shares of the bank’s stock valued at $335,000 after purchasing an additional 1,231 shares during the period. Sei Investments Co. lifted its stake in shares of First of Long Island by 13.0% in the second quarter. Sei Investments Co. now owns 21,669 shares of the bank’s stock valued at $217,000 after purchasing an additional 2,500 shares during the period. Empowered Funds LLC lifted its stake in shares of First of Long Island by 5.4% in the third quarter. Empowered Funds LLC now owns 58,048 shares of the bank’s stock valued at $747,000 after purchasing an additional 2,948 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of First of Long Island by 32.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,546 shares of the bank’s stock valued at $161,000 after purchasing an additional 3,570 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of First of Long Island by 14.9% in the second quarter. Hsbc Holdings PLC now owns 29,386 shares of the bank’s stock valued at $295,000 after purchasing an additional 3,810 shares during the period. Institutional investors and hedge funds 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.