Short Interest in The First of Long Island Co. (NASDAQ:FLIC) Rises By 19.9%

The First of Long Island Co. (NASDAQ:FLIC) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 141,500 shares, a growth of 19.9% from the December 15th total of 118,000 shares. Based on an average daily trading volume, of 98,800 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.7% of the shares of the stock are short sold.

First of Long Island Trading Up 0.8 %

Shares of FLIC traded up $0.09 during trading hours on Friday, hitting $11.80. The company had a trading volume of 81,999 shares, compared to its average volume of 81,067. First of Long Island has a 52-week low of $9.30 and a 52-week high of $15.03. 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 stock’s 50 day moving average price is $13.07 and its 200 day moving average price is $12.69. The firm has a market cap of $266.02 million, a P/E ratio of 13.41 and a beta of 0.74.

First of Long Island Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 31st were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a yield of 7.12%. First of Long Island’s dividend payout ratio (DPR) is currently 95.45%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of First of Long Island in a research note on Wednesday. They issued a “hold” rating for the company.

Institutional Trading of First of Long Island

A number of institutional investors have recently made changes to their positions in FLIC. Bank of New York Mellon Corp raised its stake in shares of First of Long Island by 9.2% during the second quarter. Bank of New York Mellon Corp now owns 173,446 shares of the bank’s stock valued at $1,738,000 after acquiring an additional 14,656 shares during the last quarter. Rhumbline Advisers increased its holdings in First of Long Island by 3.8% during the 2nd quarter. Rhumbline Advisers now owns 33,419 shares of the bank’s stock valued at $335,000 after purchasing an additional 1,231 shares during the period. American Century Companies Inc. raised its position in First of Long Island by 17.3% during the 2nd quarter. American Century Companies Inc. now owns 351,452 shares of the bank’s stock valued at $3,522,000 after purchasing an additional 51,792 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in First of Long Island by 1.7% in the 2nd quarter. Renaissance Technologies LLC now owns 606,650 shares of the bank’s stock worth $6,079,000 after buying an additional 10,400 shares during the period. Finally, Hsbc Holdings PLC grew its position in shares of First of Long Island by 14.9% in the 2nd quarter. Hsbc Holdings PLC now owns 29,386 shares of the bank’s stock worth $295,000 after buying an additional 3,810 shares during the last quarter. Hedge funds and other institutional investors own 48.33% of the company’s stock.

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.