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

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

First of Long Island Trading Down 1.1 %

FLIC opened at $12.07 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $273.20 million, a PE ratio of 16.09 and a beta of 0.75. First of Long Island has a 1-year low of $9.30 and a 1-year high of $15.03. The firm has a 50-day moving average price of $12.62 and a two-hundred day moving average price of $12.92.

First of Long Island (NASDAQ:FLIC) last issued its quarterly earnings results 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 24th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 6.96%. The ex-dividend date is Monday, March 24th. First of Long Island’s payout ratio is 112.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Anchor Capital Advisors LLC boosted its stake in First of Long Island by 0.5% during the 4th quarter. Anchor Capital Advisors LLC now owns 176,241 shares of the bank’s stock worth $2,058,000 after acquiring an additional 877 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in First of Long Island by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 174,109 shares of the bank’s stock worth $2,034,000 after acquiring an additional 1,271 shares during the last quarter. FMR LLC boosted its stake in First of Long Island by 124.0% during the 3rd quarter. FMR LLC now owns 3,522 shares of the bank’s stock worth $45,000 after acquiring an additional 1,950 shares during the last quarter. SG Americas Securities LLC boosted its stake in First of Long Island by 28.4% during the 4th quarter. SG Americas Securities LLC now owns 11,813 shares of the bank’s stock worth $138,000 after acquiring an additional 2,614 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in First of Long Island by 5.0% during the 4th quarter. Empowered Funds LLC now owns 60,924 shares of the bank’s stock worth $712,000 after acquiring an additional 2,876 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.