158,929 Shares in The First of Long Island Co. (NASDAQ:FLIC) Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new stake in shares of The First of Long Island Co. (NASDAQ:FLIC) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 158,929 shares of the bank’s stock, valued at approximately $1,856,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FLIC. Wellington Management Group LLP bought a new position in shares of First of Long Island during the 3rd quarter valued at approximately $5,407,000. ABC Arbitrage SA bought a new position in shares of First of Long Island in the fourth quarter worth approximately $4,545,000. American Century Companies Inc. increased its stake in shares of First of Long Island by 12.6% in the fourth quarter. American Century Companies Inc. now owns 443,701 shares of the bank’s stock worth $5,182,000 after purchasing an additional 49,798 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of First of Long Island by 27.9% during the 4th quarter. Bank of New York Mellon Corp now owns 205,435 shares of the bank’s stock valued at $2,399,000 after purchasing an additional 44,857 shares during the period. Finally, Barclays PLC lifted its stake in shares of First of Long Island by 73.1% during the 3rd quarter. Barclays PLC now owns 57,758 shares of the bank’s stock valued at $743,000 after buying an additional 24,399 shares in the last quarter. Hedge funds and other institutional investors own 48.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on First of Long Island in a report on Friday. They set a “hold” rating on the stock.

First of Long Island Stock Down 1.8 %

NASDAQ FLIC opened at $12.29 on Friday. The First of Long Island Co. has a 12 month low of $9.30 and a 12 month high of $15.03. 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 cap of $278.18 million, a PE ratio of 16.39 and a beta of 0.75. The stock’s 50 day moving average is $12.69 and its 200 day moving average is $12.91.

First of Long Island (NASDAQ:FLIC) last posted its earnings results on Thursday, January 30th. The bank reported $0.14 earnings per share 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 will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, March 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.83%. First of Long Island’s payout ratio is 112.00%.

First of Long Island 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.