The First of Long Island Co. (NASDAQ:FLIC) Shares Bought by State Street Corp

State Street Corp grew its stake in The First of Long Island Co. (NASDAQ:FLIC) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 505,758 shares of the bank’s stock after purchasing an additional 16,456 shares during the quarter. State Street Corp owned approximately 2.24% of First of Long Island worth $6,509,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. American Century Companies Inc. lifted its position in shares of First of Long Island by 17.3% in the 2nd quarter. American Century Companies Inc. now owns 351,452 shares of the bank’s stock worth $3,522,000 after buying an additional 51,792 shares during the last quarter. AQR Capital Management LLC lifted its holdings in First of Long Island by 272.6% in the second quarter. AQR Capital Management LLC now owns 438,812 shares of the bank’s stock worth $4,397,000 after acquiring an additional 321,032 shares during the last quarter. FMR LLC boosted its stake in 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 acquiring an additional 1,950 shares during the period. Sei Investments Co. boosted its stake in First of Long Island by 13.0% in the second quarter. Sei Investments Co. now owns 21,669 shares of the bank’s stock valued at $217,000 after acquiring an additional 2,500 shares during the period. Finally, CWM LLC raised its position in shares of First of Long Island by 87.8% during the 3rd quarter. CWM LLC now owns 14,668 shares of the bank’s stock worth $189,000 after purchasing an additional 6,856 shares during the period. Institutional investors own 48.33% of the company’s stock.

First of Long Island Trading Down 2.2 %

First of Long Island stock opened at $11.87 on Friday. The First of Long Island Co. 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 firm has a market capitalization of $267.60 million, a price-to-earnings ratio of 13.49 and a beta of 0.71. The firm has a 50-day moving average price of $13.49 and a two-hundred day moving average price of $12.47.

First of Long Island Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 7.08%. First of Long Island’s dividend payout ratio is presently 95.45%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on First of Long Island in a research note on Sunday, December 22nd. They set a “hold” rating for the company.

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.