Boenning & Scattergood Initiates a Hold Rating on The First Of Long Island Corp (FLIC)


The First Of Long Island Corp (FLIC) received a Hold rating from Boenning & Scattergood analyst Erik Zwick today. The company’s shares closed on Friday at $21.93.

According to TipRanks.com, Zwick is a 1-star analyst with an average return of -1.0% and a 46.8% success rate. Zwick covers the Financial sector, focusing on stocks such as Provident Financial Services, Bankwell Financial Group, and Community Bank System.

The word on The Street in general, suggests a Hold analyst consensus rating for The First Of Long Island Corp.

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Based on The First Of Long Island Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $10.06 million. In comparison, last year the company had a net profit of $11.07 million.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FLIC in relation to earlier this year. Last month, Mark Curtis, the SEVP of FLIC bought 3,000 shares for a total of $36,920.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

First of Long Island Corp. is a holding company, which through its subsidiaries, engages in the provision of financial services. It offers personal banking, business banking and lending services to individual, professional, corporate, institutional, and government customers. The company was founded on February 7, 1984 and is headquartered in Glen Head, NY.

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