Thu Sep 19 06:23:05 UTC 2024: ## First of Long Island (FLIC) Receives Mixed Analyst Opinions and Insider Stock Sale
**New York, NY – September 19, 2024** – First of Long Island (NASDAQ:FLIC) has been the subject of recent analyst reports, with varying opinions on the bank’s future performance.
StockNews.com initiated coverage on FLIC with a “hold” rating, while Keefe, Bruyette & Woods upgraded their price target from $11.00 to $13.00 and maintained a “market perform” rating. These differing opinions reflect the current uncertainty surrounding the bank’s future prospects.
First of Long Island recently reported strong earnings results, exceeding analyst estimates for both earnings per share and revenue. However, Director John Abbott Root Cooper sold 166,633 shares of FLIC stock on September 5th at an average price of $12.70, raising concerns about the bank’s future performance.
Despite the insider sale, several large investors have recently shown interest in FLIC. Webster Bank N.A., EntryPoint Capital LLC, CWM LLC, Evoke Wealth LLC, and Hillsdale Investment Management Inc. have all acquired or increased their holdings in the bank.
First of Long Island Corporation operates as the holding company for The First National Bank of Long Island, providing financial services to a diverse range of customers. The company’s future success will depend on its ability to navigate the current economic environment and capitalize on growth opportunities in the financial services sector.
**Disclaimer:** This news article is based on information from MarketBeat News and is for informational purposes only. It is not intended to be a source of investment advice. Always consult with a qualified financial professional before making any investment decisions.
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