First of Long Island (NASDAQ:FLIC) Given Coverage Optimism Score of -1.86

News stories about First of Long Island (NASDAQ:FLIC) have been trending somewhat negative recently, according to InfoTrie. The research group ranks the sentiment of press coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. First of Long Island earned a media sentiment score of -1.86 on their scale. InfoTrie also assigned news headlines about the bank an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next several days.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of First of Long Island from a “sell” rating to a “hold” rating in a research note on Tuesday, October 1st. BidaskClub raised shares of First of Long Island from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th.

Shares of NASDAQ FLIC traded down $0.03 during midday trading on Friday, reaching $23.86. 3,817 shares of the company were exchanged, compared to its average volume of 40,500. The stock’s 50-day moving average price is $23.34 and its 200-day moving average price is $22.28. The stock has a market cap of $665.29 million, a P/E ratio of 14.64 and a beta of 0.61. First of Long Island has a one year low of $17.53 and a one year high of $24.47. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.97.

First of Long Island (NASDAQ:FLIC) last posted its earnings results on Wednesday, October 30th. The bank reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $27.61 million for the quarter, compared to analysts’ expectations of $27.79 million. First of Long Island had a net margin of 28.03% and a return on equity of 10.93%. On average, equities research analysts anticipate that First of Long Island will post 1.73 EPS for the current year.

In related news, EVP Mark D. Curtis sold 5,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $23.55, for a total value of $117,750.00. Following the sale, the executive vice president now owns 61,394 shares of the company’s stock, valued at $1,445,828.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael N. Vittorio sold 3,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $24.25, for a total transaction of $72,750.00. Following the completion of the sale, the chief executive officer now directly owns 106,679 shares in the company, valued at approximately $2,586,965.75. The disclosure for this sale can be found here. Insiders own 4.93% 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, public bodies, and other organizations. Its deposit products include business and small business checking, personal checking products, savings accounts, negotiable order of withdrawal accounts and IOLA, escrow service accounts, rent security accounts, time deposits, holiday club accounts, and individual retirement accounts, as well as money market products.

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