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 report issued on Thursday. The brokerage issued a hold rating on the bank’s stock.

First of Long Island Stock Up 0.8 %

Shares of NASDAQ FLIC opened at $11.91 on Thursday. The stock has a market capitalization of $268.50 million, a PE ratio of 13.53 and a beta of 0.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.15. The firm has a fifty day moving average of $12.93 and a 200-day moving average of $12.73. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 31st were issued a $0.21 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.05%. First of Long Island’s dividend payout ratio (DPR) is 95.45%.

Institutional Trading of First of Long Island

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC grew its stake 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 during the period. SG Americas Securities LLC purchased a new position in First of Long Island in the third quarter valued at about $118,000. Janney Montgomery Scott LLC acquired a new position in shares of First of Long Island during the fourth quarter worth about $126,000. CWM LLC boosted its position in shares of First of Long Island by 87.8% in the third quarter. CWM LLC now owns 14,668 shares of the bank’s stock worth $189,000 after buying an additional 6,856 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of First of Long Island in the second quarter valued at about $209,000. Institutional investors and hedge funds 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.