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

First of Long Island Stock Down 1.5 %

Shares of FLIC stock opened at $12.20 on Thursday. First of Long Island has a 12 month low of $9.30 and a 12 month high of $15.03. The stock has a market cap of $276.15 million, a P/E ratio of 16.27 and a beta of 0.75. 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 company has a 50 day simple moving average of $12.60 and a two-hundred day simple moving average of $12.93.

First of Long Island (NASDAQ:FLIC) last announced its earnings results on Thursday, January 30th. The bank reported $0.14 EPS for the quarter, missing analysts’ consensus estimates 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 Announces Dividend

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 paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.89%. First of Long Island’s dividend payout ratio (DPR) is presently 112.00%.

Institutional Trading of First of Long Island

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Anchor Capital Advisors LLC increased its stake in shares of First of Long Island by 0.5% in the fourth quarter. Anchor Capital Advisors LLC now owns 176,241 shares of the bank’s stock worth $2,058,000 after purchasing an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of First of Long Island by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 174,109 shares of the bank’s stock worth $2,034,000 after purchasing an additional 1,271 shares in the last quarter. 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 valued at $45,000 after acquiring an additional 1,950 shares in the last quarter. SG Americas Securities LLC grew its stake in First of Long Island by 28.4% during the fourth quarter. SG Americas Securities LLC now owns 11,813 shares of the bank’s stock valued at $138,000 after acquiring an additional 2,614 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in First of Long Island by 5.0% during the fourth quarter. Empowered Funds LLC now owns 60,924 shares of the bank’s stock valued at $712,000 after acquiring an additional 2,876 shares in the last quarter. 48.33% of the stock is owned by hedge funds and other institutional investors.

First of Long Island Company 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.