Skandinaviska Enskilda Banken AB publ Takes Position in The First of Long Island Co. (NASDAQ:FLIC)

Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of The First of Long Island Co. (NASDAQ:FLIC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,977 shares of the bank’s stock, valued at approximately $154,000. Skandinaviska Enskilda Banken AB publ owned about 0.06% of First of Long Island at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Barclays PLC boosted its holdings in First of Long Island by 73.1% during the third quarter. Barclays PLC now owns 57,758 shares of the bank’s stock worth $743,000 after purchasing an additional 24,399 shares during the last quarter. State Street Corp boosted its holdings in First of Long Island by 3.4% during the third quarter. State Street Corp now owns 505,758 shares of the bank’s stock worth $6,509,000 after purchasing an additional 16,456 shares during the last quarter. FMR LLC boosted its holdings in First of Long Island by 124.0% during the third quarter. FMR LLC now owns 3,522 shares of the bank’s stock worth $45,000 after purchasing an additional 1,950 shares during the last quarter. Wellington Management Group LLP purchased a new position in First of Long Island during the third quarter worth about $5,407,000. Finally, Proficio Capital Partners LLC purchased a new position in First of Long Island during the fourth quarter worth about $165,000. 48.33% of the stock is currently owned by institutional investors and hedge funds.

First of Long Island Stock Performance

Shares of FLIC stock opened at $12.16 on Wednesday. The firm has a market cap of $275.24 million, a price-to-earnings ratio of 16.21 and a beta of 0.75. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 0.98. The First of Long Island Co. has a 52 week low of $9.30 and a 52 week high of $15.03. The firm’s 50-day simple moving average is $12.57 and its two-hundred day simple moving average is $12.94.

First of Long Island (NASDAQ:FLIC) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $0.14 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.10). First of Long Island had a return on equity of 4.74% and a net margin of 9.52%.

First of Long Island Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 6.91%. The ex-dividend date is Monday, March 24th. First of Long Island’s dividend payout ratio is 112.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of First of Long Island in a report on Wednesday, March 12th. They set a “hold” rating on the stock.

About First of Long Island

The First of Long Island Corporation operates as the holding company for The First National Bank of Long Island that provides financial services to small and medium-sized businesses, professionals, consumers, municipalities, and other organizations. The company offers business and small business checking, personal checking, negotiable order of withdrawal, interest on lawyer, escrow service, rent security, personal and nonpersonal money market, savings, time deposit, and individual retirement accounts.