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  1. Finance
  2. National Commercial Banks
  3. FIRST OF LONG ISLAND CORP

FIRST OF LONG ISLAND CORP (FLIC) Stock Forecast

Stock Price Forecast

June 2, 2025

Forecasted Returns

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Forecasted Market-Excess Returns

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About the Company

Long Blockchain Corp. (formerly Long Island Iced Tea Corp.) is an American corporation based in Farmingdale, Long Island, New York. Its wholly owned subsidiary Long Island Brand Beverages, LLC produced ready-to-drink iced tea and lemonade under the "Long Island" brand. The company's first product was made available in 2011. In 2017, the corporation rebranded as Long Blockchain Corp. as part of a corporate shift towards "exploration of and investment in opportunities that leverage the benefits of blockchain technology" and reported they were exploring blockchain-related acquisitions. Its stock price spiked as much as 380% after the announcement. On April 10, 2018, Long Blockchain received a letter stating that its stock would be delisted by the NASDAQ stock exchange. Its shares would subsequently be eligible for trades over the counter. The company had by that time abandoned its plans to purchase Bitcoin mining equipment. Following the company's removal from NASDAQ, it traded over the counter. The SEC subpoenaed documents from the firm on July 10, 2018 in a move widely believed to be related to the name change. The FBI has looked for evidence "of insider trading and securities fraud connected to Long Island Iced Tea stock." The firm stated that they were fully cooperating with the investigation. On February 22, 2021, the SEC delisted Long Blockchain Corp's shares, saying that the company had not filed financial reports since September 30, 2018, and that it never completed its planned transition to producing blockchain technology. In July 2021, SEC charged three people with insider trading. The SEC alleged that the day before the announcement, the company's leading shareholder tipped off a stock broker who then tipped off his friend, who bought 35,000 shares of the stock and sold it 2 hours after the announcement for a profit of $160,000. In 2024 the stock broker agreed to pay a fine of $75,000 in a no contest judgement.

Sector

Finance

Industry

National Commercial Banks

Employees

289

Exchange

Nasdaq

$121M

Total Revenue

289

Employees

$269M

Market Capitalization

14.83

Price/Earning ratio

Fundamental Data and Insider Transactions (Quarterly data) Full Screen

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Latest News on FIRST OF LONG ISLAND CORP

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