First of Long Island (NASDAQ:FLIC) Now Covered by StockNews.com

StockNews.com started coverage on shares of First of Long Island (NASDAQ:FLIC) in a research note released on Thursday morning. The firm issued a hold rating on the bank’s stock.

First of Long Island Stock Down 0.5 %

Shares of NASDAQ:FLIC opened at $14.64 on Thursday. The company has a fifty day moving average of $13.34 and a 200-day moving average of $11.99. The company has a market capitalization of $329.99 million, a PE ratio of 16.64 and a beta of 0.68. 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.

First of Long Island Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 11th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.84 annualized dividend and a dividend yield of 5.74%. First of Long Island’s dividend payout ratio (DPR) is presently 95.46%.

Insider Transactions at First of Long Island

In related news, Director John Abbott Root Cooper sold 166,633 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $12.70, for a total value of $2,116,239.10. Following the sale, the director now owns 3,453 shares of the company’s stock, valued at $43,853.10. The trade was a 97.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.67% of the company’s stock.

Institutional Trading of First of Long Island

Several institutional investors have recently modified their holdings of FLIC. State Board of Administration of Florida Retirement System bought a new stake in shares of First of Long Island in the first quarter worth $204,000. Vanguard Group Inc. boosted its position in First of Long Island by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,144,181 shares of the bank’s stock valued at $12,689,000 after acquiring an additional 8,109 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in First of Long Island by 32.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,546 shares of the bank’s stock valued at $161,000 after acquiring an additional 3,570 shares during the last quarter. Quadrature Capital Ltd boosted its position in First of Long Island by 108.8% during the first quarter. Quadrature Capital Ltd now owns 22,650 shares of the bank’s stock valued at $251,000 after acquiring an additional 11,802 shares during the last quarter. Finally, CWM LLC boosted its position in First of Long Island by 292.0% during the second quarter. CWM LLC now owns 7,812 shares of the bank’s stock valued at $78,000 after acquiring an additional 5,819 shares during the last quarter. Institutional investors own 48.33% of the company’s 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.