First of Long Island Corp (FLIC) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on May 2, 2016.
First of Long Island Corp closed down -0.4 points or -1.26% at $31.28 with 12,770 shares getting traded on Wednesday. Post opening the session at $31.0555, the shares hit an intraday low of $30.62 and an intraday high of $31.37 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 9, 2016, Michael N Vittorio (President & CEO) sold 501 shares at $28.05 per share price. According to the SEC, on Mar 1, 2016, Donald L Manfredonia (Executive Vice President) sold 500 shares at $28.00 per share price. On Dec 11, 2015, Richard P Perro (Executive Vice President) sold 1,550 shares at $30.10 per share price, according to the Form-4 filing with the securities and exchange commission.
The First of Long Island Corporation is a one-bank holding company. The Company provides financial services through its wholly owned subsidiary The First National Bank of Long Island (the Bank). The Bank has two wholly owned subsidiaries: The First of Long Island Agency Inc. (Agency) and FNY Service Corp. 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 and drive-through banking among others. It serves the financial needs of privately owned businesses professionals consumers public bodies and other organizations primarily in Nassau and Suffolk Counties Long Island New York. Its loan portfolio comprises loans to borrowers on Long Island and in the boroughs of New York City and its real estate loans are secured by properties located in those areas.