First of Long Island Corp (FLIC)

• Sector: Financials
• Industry: National Commercial Banks

Market Cap: $287M

About: First of Long Island Corp is a holding company that provides financial services. It offers services of saving accounts, current accounts, and capital gain accounts. The company also provides lending services, such as commercial and residential mortgage loans, industrial loans, small business credit scored loans, and other credit facilities. In addition, the company provides account reconciliation services, ATM Banking, bill payment, cash management services, mobile banking, online banking, and payroll services to privately owned businesses, professionals, consumers, and public bodies. Revenue earned by the company mainly consists of the interest on loans and investment securities, fees on deposit accounts, and income from investment management.

Employees: 288

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

14% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 36

2.42% more ownership

Funds ownership: 51.94% [Q1] → 54.36% (+2.42%) [Q2]

9% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 22

2% less funds holding

Funds holding: 111 [Q1] → 109 (-2) [Q2]

5% less capital invested

Capital invested by funds: $129M [Q1] → $123M (-$6.74M) [Q2]

54% less call options, than puts

Call options by funds: $13K | Put options by funds: $28K

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $13 2% upside
• Avg. target: $13 2% upside
• High target: $13 2% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Keefe, Bruyette & Woods Christopher O'Connell 75% 1-year accuracy 12 / 16 met price target

2% upside $13

Market Perform Maintained

29 Jul 2024