The stock of First of Long Island Corp (NASDAQ:FLIC) hit a new 52-week high and has $52.88 target or 50.00% above today’s $35.25 share price. The 7 months bullish chart indicates low risk for the $554.90M company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $52.88 price target is reached, the company will be worth $277.45 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. The stock increased 7.14% or $2.35 during the last trading session, hitting $35.25. About 42,001 shares traded hands or 54.03% up from the average. First of Long Island Corp (NASDAQ:FLIC) has risen 19.12% since April 7, 2016 and is uptrending. It has outperformed by 14.33% the S&P500.
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 stock of First of Long Island Corp (NASDAQ:FLIC) earned “Market Perform” rating by Raymond James on Monday, May 2. As per Tuesday, August 25, the company rating was upgraded by Raymond James. The firm has “Market Perform” rating by Wood given 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.
Moreover, Geode Cap Mngmt Limited Liability has 0% invested in First of Long Island Corp (NASDAQ:FLIC) for 105,782 shares. Fincl Bank Of America Corporation De holds 0% or 6,467 shares in its portfolio. Parametric Portfolio Assoc Lc owns 14,351 shares or 0% of their US portfolio. Vanguard, a Pennsylvania-based fund reported 508,298 shares. National Bank Of New York Mellon holds 0% of its portfolio in First of Long Island Corp (NASDAQ:FLIC) for 52,523 shares. Tower Rech Capital Limited Liability (Trc) has 0% invested in the company for 1 shares. Hilton Cap Mgmt Llc has 2.01% invested in the company for 221,675 shares. The New York-based Tiaa Cref Investment Management Ltd Liability Corp has invested 0% in First of Long Island Corp (NASDAQ:FLIC). Us National Bank & Trust De has 0% invested in the company for 14,261 shares. Wedge Cap L Limited Partnership Nc has 0.01% invested in the company for 17,800 shares. Moreover, Pnc Financial Services Grp Incorporated has 0% invested in First of Long Island Corp (NASDAQ:FLIC) for 87 shares. Deutsche National Bank Ag last reported 0% of its portfolio in the stock. Millennium Ltd Liability Corporation reported 87,969 shares or 0.01% of all its holdings. Ejf Limited Liability has invested 1.59% of its portfolio in First of Long Island Corp (NASDAQ:FLIC). Blackrock Investment Mngmt Limited Liability Co holds 0% of its portfolio in First of Long Island Corp (NASDAQ:FLIC) for 60,520 shares.
Insider Transactions: Since May 10, 2016, the stock had 0 insider purchases, and 4 sales for $417,486 net activity. $145,000 worth of First of Long Island Corp (NASDAQ:FLIC) shares were bought by CANARICK PAUL T. 1,600 shares were sold by KICK RICHARD, worth $51,600. The insider VITTORIO MICHAEL N sold 3,634 shares worth $118,650. Another trade for 20,000 shares valued at $580,000 was made by QUICK PETER on Tuesday, May 10. Shares for $114,054 were sold by BALLWEG SALLYANNE K.
More notable recent First of Long Island Corp (NASDAQ:FLIC) news were published by: Reuters.com which released: “BRIEF-The First of Long Island Corp announces 3-for-2 stock split” on October 27, 2016, also Globenewswire.com with their article: “The First of Long Island Corporation Announces Increase in Quarterly Cash …” 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: Finance.Yahoo.com and their article: “The First of Long Island Corporation Announces 3-for-2 Stock Split” published on October 27, 2016 as well as Nasdaq.com‘s news article titled: “The First of Long Island Corporation (FLIC) Ex-Dividend Date Scheduled for …” with publication date: September 30, 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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