Skandinaviska Enskilda Banken AB publ Takes $154,000 Position in The First of Long Island Co. (NASDAQ:FLIC)

Skandinaviska Enskilda Banken AB publ purchased a new stake in The First of Long Island Co. (NASDAQ:FLIC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,977 shares of the bank’s stock, valued at approximately $154,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FLIC. FMR LLC raised its position 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 purchasing an additional 1,950 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of First of Long Island in the fourth quarter valued at approximately $126,000. SG Americas Securities LLC increased its holdings 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 period. Proficio Capital Partners LLC bought a new stake in First of Long Island during the 4th quarter worth approximately $165,000. Finally, Quest Partners LLC bought a new stake in First of Long Island during the 3rd quarter worth approximately $212,000. Institutional investors own 48.33% of the company’s stock.

First of Long Island Stock Performance

First of Long Island stock opened at $12.16 on Wednesday. The firm’s 50 day simple moving average is $12.57 and its 200 day simple moving average is $12.94. 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 firm has a market capitalization of $275.24 million, a PE ratio of 16.21 and a beta of 0.75. The First of Long Island Co. has a 1-year low of $9.30 and a 1-year high of $15.03.

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 analysts’ consensus estimates 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 business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be paid a $0.21 dividend. The ex-dividend date is Monday, March 24th. This represents a $0.84 dividend on an annualized basis and a yield of 6.91%. First of Long Island’s dividend payout ratio is presently 112.00%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of First of Long Island in a report on Wednesday, March 12th. They set a “hold” rating on the stock.

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.