Today’s Stock Alert: First of Long Island Corp Stock Price Hits 52-Week High Today

Today's Stock Alert: First of Long Island Corp Stock Price Hits 52 Week High Today

The stock of First of Long Island Corp (NASDAQ:FLIC) hit a new 52-week high and has $41.56 target or 25.00% above today’s $33.25 share price. The 8 months bullish chart indicates low risk for the $511.66 million company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $41.56 price target is reached, the company will be worth $127.92 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 14,867 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 $7.85 million 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. $32.50 is the highest target while $28.0 is the lowest. The $29.88 average target is -10.14% below today’s ($33.25) stock price. First of Long Island has been the topic of 6 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Raymond James upgraded First of Long Island Corp (NASDAQ:FLIC) on Tuesday, August 25 to “Mkt Perform” rating. Raymond James downgraded First of Long Island Corp (NASDAQ:FLIC) on Monday, May 2 to “Market Perform” rating. Wood maintained it with “Market Perform” rating and $32.50 target price in Wednesday, August 17 report.

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.
Diamond Hill Capital Management Inc has 335,771 shares for 0.06% of their US portfolio. Dimensional Fund Limited Partnership has 109,554 shares for 0% of their US portfolio. Commercial Bank Of America Corporation De reported 6,467 shares or 0% of all its holdings. Tiaa Cref Inv Limited Liability Co owns 54,290 shares or 0% of their US portfolio. Comml Bank Of Montreal Can, a Ontario – Canada-based fund reported 389 shares. Rhumbline Advisers reported 16,370 shares or 0% of all its holdings. California State Teachers Retirement Systems has 29,872 shares for 0% of their US portfolio. Blackrock Institutional Com Na has 511,005 shares for 0% of their US portfolio. Nationwide Fund Advsrs accumulated 9,268 shares or 0% of the stock. Wasatch Advsrs has invested 0.09% of its portfolio in First of Long Island Corp (NASDAQ:FLIC). Blackrock Advsr Ltd Liability has invested 0% of its portfolio in First of Long Island Corp (NASDAQ:FLIC). New York State Common Retirement Fund accumulated 0% or 16,346 shares. State Board Of Administration Of Florida Retirement Sys owns 7,383 shares or 0% of their US portfolio. Schwab Charles Invest Management last reported 54,426 shares in the company. Royal Fincl Bank Of Canada last reported 3,874 shares in the company.

Insider Transactions: Since May 10, 2016, the stock had 2 buys, and 3 sales for $359,114 net activity. $118,650 worth of shares were sold by VITTORIO MICHAEL N on Friday, September 2. The insider CANARICK PAUL T bought $145,000. QUICK PETER had bought 20,000 shares worth $580,000 on Tuesday, May 10. $114,054 worth of First of Long Island Corp (NASDAQ:FLIC) shares were sold by BALLWEG SALLYANNE K.

More important recent First of Long Island Corp (NASDAQ:FLIC) news were published by: Reuters.com which released: “BRIEF-The First Of Long Island Corp declares dividend of $0.21/share” on September 21, 2016, also Globenewswire.com published article titled: “The First of Long Island Corporation Announces the Election of John J. Desmond …”, Globenewswire.com published: “The First of Long Island Corporation Announces Increase in Quarterly Cash …” on September 21, 2016. More interesting news about First of Long Island Corp (NASDAQ:FLIC) was released by: Newsday.com and their article: “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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