The First of Long Island Co. (NASDAQ:FLIC) Shares Purchased by Fmr LLC

Fmr LLC raised its holdings in shares of The First of Long Island Co. (NASDAQ:FLIC) by 124.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,522 shares of the bank’s stock after buying an additional 1,950 shares during the period. Fmr LLC’s holdings in First of Long Island were worth $45,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FLIC. American Century Companies Inc. grew its stake 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 in the last quarter. AQR Capital Management LLC boosted its stake in shares of First of Long Island by 272.6% during the 2nd quarter. AQR Capital Management LLC now owns 438,812 shares of the bank’s stock valued at $4,397,000 after buying an additional 321,032 shares during the last quarter. Sei Investments Co. grew its position in shares of First of Long Island by 13.0% during the second quarter. Sei Investments Co. now owns 21,669 shares of the bank’s stock worth $217,000 after buying an additional 2,500 shares in the last quarter. CWM LLC grew its position in shares of First of Long Island by 87.8% during the third quarter. CWM LLC now owns 14,668 shares of the bank’s stock worth $189,000 after buying an additional 6,856 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of First of Long Island by 14.9% in the second 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. 48.33% of the stock is currently owned by hedge funds and other institutional investors.

First of Long Island Stock Up 0.2 %

FLIC stock opened at $12.16 on Thursday. The firm’s 50-day moving average is $13.58 and its two-hundred day moving average is $12.46. 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 market capitalization of $274.14 million, a price-to-earnings ratio of 13.82 and a beta of 0.71. The First of Long Island Co. has a 52 week low of $9.30 and a 52 week high of $15.03.

First of Long Island Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 31st will be issued a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 6.91%. First of Long Island’s dividend payout ratio is currently 95.45%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on First of Long Island in a research report on Sunday. They issued a “hold” rating for the company.

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.