First of Long Island (NASDAQ:FLIC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of First of Long Island (NASDAQ:FLIC) in a research note published on Wednesday. The brokerage issued a hold rating on the bank’s stock.

First of Long Island Price Performance

Shares of FLIC opened at $11.80 on Wednesday. The firm has a market capitalization of $265.97 million, a PE ratio of 13.41 and a beta of 0.74. 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 has a 52-week low of $9.30 and a 52-week high of $15.03. The stock has a 50 day simple moving average of $13.07 and a 200 day simple moving average of $12.67.

First of Long Island Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date of this dividend was Tuesday, December 31st. First of Long Island’s dividend payout ratio is presently 95.46%.

Institutional Trading of First of Long Island

Several hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC boosted its stake in shares of First of Long Island by 124.0% in the third quarter. FMR LLC now owns 3,522 shares of the bank’s stock valued at $45,000 after buying an additional 1,950 shares during the period. Evoke Wealth LLC bought a new stake in shares of First of Long Island during the 2nd quarter valued at $103,000. SG Americas Securities LLC acquired a new stake in shares of First of Long Island during the 3rd quarter worth $118,000. Janney Montgomery Scott LLC bought a new position in shares of First of Long Island in the fourth quarter worth $126,000. Finally, CWM LLC raised its stake 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 purchasing an additional 6,856 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.