JOLTS Job Openings (Jun) 7.44M vs 7.5M Expected
Christopher J. Hilton, Senior Executive Vice President (SEVP) of First of Long Island Corp (NASDAQ:FLIC), made a notable transaction involving the company’s stock. According to a recent SEC filing, Hilton sold 4,863 shares of common stock on March 4, 2025, at a price of $12.6291 per share. This sale amounted to a total transaction value of approximately $61,415. The transaction occurred with FLIC stock trading at $12.65, offering a substantial 6.48% dividend yield. InvestingPro analysis indicates the company has maintained dividend payments for 41 consecutive years.
Following this transaction, Hilton holds no shares directly. However, he maintains an indirect ownership of 33,663 shares through an Individual Retirement Account (IRA), as indicated in the filing. With a market capitalization of $285.38 million and trading below book value at a P/B ratio of 0.75, InvestingPro analysis suggests the stock is currently undervalued. For deeper insights into insider trading patterns and additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, The First of Long Island Corporation has announced a fourth-quarter cash dividend of $0.21 per share. This dividend will be distributed to shareholders on January 9, 2025, for those who are recorded as shareholders by December 31, 2024. The announcement reflects the company’s ongoing commitment to delivering value to its investors through regular dividend payments. Dividends are a method for companies to return a portion of their earnings to shareholders, indicating The First of Long Island Corporation’s financial health and profitability. The company continues to maintain its customer-centric approach, serving both business and consumer clients in Long Island and New York City. This recent development highlights the bank’s stable financial position and its ability to generate sufficient profits. The First of Long Island Corporation operates within the banking industry, which is influenced by economic and regulatory changes.
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