ClariVest Asset Management LLC Has $387,000 Position in First of Long Island Corp (FLIC)

ClariVest Asset Management LLC increased its position in shares of First of Long Island Corp (NASDAQ:FLIC) by 80.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,299 shares of the bank’s stock after buying an additional 6,376 shares during the period. ClariVest Asset Management LLC’s holdings in First of Long Island Corp were worth $387,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Nordea Investment Management AB bought a new stake in First of Long Island Corp during the first quarter worth about $108,000. SG Americas Securities LLC bought a new stake in First of Long Island Corp during the first quarter worth about $163,000. GSA Capital Partners LLP bought a new stake in First of Long Island Corp during the fourth quarter worth about $201,000. Private Advisor Group LLC bought a new stake in First of Long Island Corp during the fourth quarter worth about $209,000. Finally, Bessemer Group Inc. increased its stake in First of Long Island Corp by 50.0% in the fourth quarter. Bessemer Group Inc. now owns 7,616 shares of the bank’s stock worth $217,000 after buying an additional 2,539 shares during the period. 34.16% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for First of Long Island Corp (NASDAQ:FLIC)

Shares of First of Long Island Corp (NASDAQ FLIC) traded up 3.72% during midday trading on Friday, reaching $29.30. 16,328 shares of the company traded hands. The stock has a market capitalization of $705.60 million, a price-to-earnings ratio of 21.36 and a beta of 0.74. The company’s 50 day moving average is $27.50 and its 200-day moving average is $27.85. First of Long Island Corp has a 12 month low of $18.60 and a 12 month high of $29.67.

First of Long Island Corp (NASDAQ:FLIC) last released its earnings results on Monday, May 1st. The bank reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.04. First of Long Island Corp had a net margin of 26.94% and a return on equity of 10.47%. The firm had revenue of $25.78 million during the quarter, compared to analyst estimates of $24.91 million. Equities research analysts forecast that First of Long Island Corp will post $1.51 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “ClariVest Asset Management LLC Has $387,000 Position in First of Long Island Corp (FLIC)” was originally reported by sleekmoney and is the property of of sleekmoney. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://sleekmoney.com/clarivest-asset-management-llc-has-387000-position-in-first-of-long-island-corp-flic/1895461.html.

Several equities research analysts recently weighed in on FLIC shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $30.00 target price on shares of First of Long Island Corp in a research note on Wednesday, May 3rd. Zacks Investment Research downgraded shares of First of Long Island Corp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 14th.

In other news, insider Mark D. Curtis sold 6,843 shares of First of Long Island Corp stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $27.53, for a total transaction of $188,387.79. Following the completion of the transaction, the insider now directly owns 40,764 shares in the company, valued at $1,122,232.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald L. Manfredonia sold 1,000 shares of First of Long Island Corp stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $27.93, for a total transaction of $27,930.00. Following the transaction, the insider now owns 100,231 shares of the company’s stock, valued at $2,799,451.83. The disclosure for this sale can be found here. 6.18% of the stock is currently owned by company insiders.

First of Long Island Corp Company Profile

The First of Long Island Corporation is a one-bank holding company. The Company provides financial services through its subsidiary, The First National Bank of Long Island (the Bank). Its 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-through banking, merchant credit card services, and investment management and trust services.

Want to see what other hedge funds are holding FLIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First of Long Island Corp (NASDAQ:FLIC).

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/clarivest-asset-management-llc-has-387000-position-in-first-of-long-island-corp-flic/1895461.html

Receive News & Ratings for First of Long Island Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First of Long Island Corp and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *