First of Long Island (NASDAQ:FLIC) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of First of Long Island (NASDAQ:FLIC) in a report issued on Sunday. The firm issued a hold rating on the bank’s stock.

First of Long Island Price Performance

Shares of NASDAQ:FLIC opened at $13.83 on Friday. First of Long Island has a one year low of $9.30 and a one year high of $15.03. The stock has a market capitalization of $311.78 million, a price-to-earnings ratio of 18.44 and a beta of 0.75. The company has a 50-day simple moving average of $12.52 and a 200-day simple moving average of $12.88. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 0.98.

First of Long Island (NASDAQ:FLIC) last posted 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 net margin of 9.52% and a return on equity of 4.74%.

First of Long Island Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 31st were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.84 annualized dividend and a yield of 6.07%. First of Long Island’s dividend payout ratio is currently 112.00%.

Institutional Trading of First of Long Island

Several hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in First of Long Island during the third quarter worth about $118,000. CWM LLC lifted its holdings in First of Long Island by 87.8% in the third quarter. CWM LLC now owns 14,668 shares of the bank’s stock valued at $189,000 after acquiring an additional 6,856 shares during the period. Empowered Funds LLC grew its stake in shares of First of Long Island by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 58,048 shares of the bank’s stock worth $747,000 after purchasing an additional 2,948 shares during the period. Quest Partners LLC purchased a new position in shares of First of Long Island in the 3rd quarter valued at about $212,000. Finally, 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 buying an additional 1,950 shares in the last quarter. Institutional investors and hedge funds own 48.33% of the company’s stock.

First of Long Island Company Profile

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.