10,848 Shares in The First of Long Island Co. (NASDAQ:FLIC) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd purchased a new stake in shares of The First of Long Island Co. (NASDAQ:FLIC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,848 shares of the bank’s stock, valued at approximately $144,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. bought a new stake in First of Long Island in the 4th quarter valued at $134,000. SG Americas Securities LLC boosted its position in shares of First of Long Island by 21.7% in the fourth quarter. SG Americas Securities LLC now owns 11,602 shares of the bank’s stock valued at $154,000 after acquiring an additional 2,068 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of First of Long Island in the third quarter valued at about $161,000. Bailard Inc. bought a new position in First of Long Island during the fourth quarter worth about $359,000. Finally, Trexquant Investment LP raised its stake in First of Long Island by 8.5% in the 3rd quarter. Trexquant Investment LP now owns 37,067 shares of the bank’s stock worth $427,000 after purchasing an additional 2,892 shares in the last quarter. 48.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of First of Long Island from a “sell” rating to a “hold” rating in a report on Wednesday, June 19th.

First of Long Island Price Performance

Shares of NASDAQ FLIC opened at $10.02 on Friday. The business has a fifty day moving average price of $10.04 and a two-hundred day moving average price of $11.14. The stock has a market capitalization of $225.65 million, a PE ratio of 9.28 and a beta of 0.66. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.99 and a quick ratio of 0.99. The First of Long Island Co. has a fifty-two week low of $9.30 and a fifty-two week high of $14.26.

First of Long Island (NASDAQ:FLIC) last posted its quarterly earnings results on Friday, April 26th. The bank reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). First of Long Island had a net margin of 14.14% and a return on equity of 6.54%. The company had revenue of $44.27 million during the quarter, compared to analyst estimates of $22.50 million. During the same period last year, the firm earned $0.29 EPS. As a group, equities analysts predict that The First of Long Island Co. will post 0.8 earnings per share for the current fiscal year.

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.