The stock of First of Long Island Corp (NASDAQ:FLIC) reached all time high today, Sep, 30 and still has $41.90 target or 26.00% above today’s $33.25 share price. This indicates more upside for the $511.66 million company. This technical setup was reported by Barchart.com. If the $41.90 PT is reached, the company will be worth $133.03 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 22,124 shares traded hands. First of Long Island Corp (NASDAQ:FLIC) has risen 19.31% since February 26, 2016 and is uptrending. It has outperformed by 8.88% the S&P500.
Analysts await First of Long Island Corp (NASDAQ:FLIC) to report earnings on November, 4. They expect $0.51 earnings per share, up 10.87% or $0.05 from last year’s $0.46 per share. FLIC’s profit will be $7.85M for 16.30 P/E if the $0.51 EPS becomes a reality. After $0.50 actual earnings per share reported by First of Long Island Corp for the previous quarter, Wall Street now forecasts 2.00% EPS growth.
First of Long Island Corp (NASDAQ:FLIC) Ratings Coverage
Out of 4 analysts covering First of Long Island (NASDAQ:FLIC), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. First of Long Island has been the topic of 6 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was downgraded by Raymond James to “Market Perform” on Monday, May 2. Raymond James upgraded First of Long Island Corp (NASDAQ:FLIC) on Tuesday, August 25 to “Mkt Perform” rating. The rating was maintained by Wood with “Market Perform” on Wednesday, August 17.
According to Zacks Investment Research, “The First of Long Island Corporation is a one-bank holding company.”
Insitutional Activity: The institutional sentiment increased to 2.7 in 2016 Q2. Its up 1.42, from 1.28 in 2016Q1. The ratio is positive, as 2 funds sold all First of Long Island Corp shares owned while 18 reduced positions. 11 funds bought stakes while 43 increased positions. They now own 7.46 million shares or 20.32% more from 6.20 million shares in 2016Q1.
Independent Consultants Incorporated has invested 0.05% of its portfolio in First of Long Island Corp (NASDAQ:FLIC). Anchor Cap Advsrs Lc holds 0.03% of its portfolio in First of Long Island Corp (NASDAQ:FLIC) for 35,088 shares. Diamond Hill Mngmt holds 0.06% of its portfolio in First of Long Island Corp (NASDAQ:FLIC) for 335,771 shares. Cornerstone Mgmt Limited Com holds 8,021 shares or 0% of its portfolio. Ejf Cap Limited Liability Corp holds 590,455 shares or 1.59% of its portfolio. The North Carolina-based Retail Bank Of America Corporation De has invested 0% in First of Long Island Corp (NASDAQ:FLIC). Bank & Trust Of Montreal Can accumulated 389 shares or 0% of the stock. Hilton Capital Mngmt has 221,675 shares for 2.01% of their US portfolio. Moreover, Invesco has 0% invested in First of Long Island Corp (NASDAQ:FLIC) for 18,580 shares. Rbf Ltd Liability Corporation has 10,500 shares for 0.06% of their US portfolio. Crawford Investment Counsel last reported 115,197 shares in the company. Metropolitan Life Insurance Ny last reported 0% of its portfolio in the stock. Rhumbline Advisers accumulated 16,370 shares or 0% of the stock. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in First of Long Island Corp (NASDAQ:FLIC) for 556 shares. Bessemer Grp Incorporated Inc holds 0% or 5,077 shares in its portfolio.
Insider Transactions: Since May 10, 2016, the stock had 2 insider purchases, and 3 selling transactions for $359,114 net activity. VITTORIO MICHAEL N sold 3,634 shares worth $118,650. 5,000 shares with value of $145,000 were bought by CANARICK PAUL T on Tuesday, May 10. $114,054 worth of First of Long Island Corp (NASDAQ:FLIC) was sold by BALLWEG SALLYANNE K on Wednesday, August 10. Shares for $580,000 were bought by QUICK PETER.
More notable recent First of Long Island Corp (NASDAQ:FLIC) news were published by: Nasdaq.com which released: “The First of Long Island Corporation (FLIC) Ex-Dividend Date Scheduled for …” on September 30, 2016, also Reuters.com with their article: “BRIEF-The First Of Long Island Corp declares dividend of $0.21/share” published on September 21, 2016, Globenewswire.com published: “The First of Long Island Corporation Announces the Election of John J. Desmond …” on September 22, 2016. More interesting news about First of Long Island Corp (NASDAQ:FLIC) were released by: Globenewswire.com and their article: “The First of Long Island Corporation Announces Increase in Quarterly Cash …” published on September 21, 2016 as well as Newsday.com‘s news article titled: “Long Island hires and promotions: John J. Desmond, First National Bank of LI” with publication date: September 25, 2016.
FLIC Company Profile
The First of Long Island Corporation, incorporated on February 8, 1984, is a one-bank holding company. The Firm provides financial services through its subsidiary, The First National Bank of Long Island (the Bank). The Company’s 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-in banking, merchant credit card services, and investment management and trust services. The Bank serves the financial needs of privately owned businesses, professionals, consumers, public bodies and other organizations in Nassau and Suffolk Counties, Long Island, New York.
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