KBW Sticks to Its Hold Rating for The First Of Long Island Corp (FLIC)


KBW analyst Collyn Gilbert reiterated a Hold rating on The First Of Long Island Corp (NASDAQ: FLIC) yesterday and set a price target of $24. The company’s shares closed yesterday at $22.15, close to its 52-week low of $21.68.

According to TipRanks.com, Gilbert is a 5-star analyst with an average return of 16.1% and a 71.7% success rate. Gilbert covers the Financial sector, focusing on stocks such as Peapack-Gladstone Financial Corp, Metropolitan Bank Holding Corp, and Provident Financial Services.

Currently, the analyst consensus on The First Of Long Island Corp is a Hold with an average price target of $24.50, representing a 10.6% upside. In a report issued on July 30, Sandler O’Neill also reiterated a Hold rating on the stock with a $25 price target.

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The company has a one-year high of $33.50 and a one-year low of $21.68. Currently, The First Of Long Island Corp has an average volume of 82.79K.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is neutral on the stock. Most recently, in June 2018, Mark Curtis, the SEVP of FLIC bought 5,029 shares for a total of $56,023.

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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