Geode Capital Management LLC Has $6.45 Million Stake in The First of Long Island Co. (NASDAQ:FLIC)

Geode Capital Management LLC increased its position in shares of The First of Long Island Co. (NASDAQ:FLIC) by 3.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 500,881 shares of the bank’s stock after acquiring an additional 14,736 shares during the period. Geode Capital Management LLC owned about 2.22% of First of Long Island worth $6,447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FLIC. Barclays PLC raised its holdings in First of Long Island by 73.1% in the 3rd quarter. Barclays PLC now owns 57,758 shares of the bank’s stock valued at $743,000 after buying an additional 24,399 shares during the last quarter. Wellington Management Group LLP acquired a new position in First of Long Island in the 3rd quarter valued at approximately $5,407,000. State Street Corp raised its stake in shares of First of Long Island by 3.4% during the third quarter. State Street Corp now owns 505,758 shares of the bank’s stock valued at $6,509,000 after acquiring an additional 16,456 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of First of Long Island by 8.9% during the third quarter. Stifel Financial Corp now owns 57,933 shares of the bank’s stock worth $746,000 after purchasing an additional 4,716 shares during the period. Finally, FMR LLC grew its stake in shares of First of Long Island by 124.0% in the third quarter. FMR LLC now owns 3,522 shares of the bank’s stock worth $45,000 after purchasing an additional 1,950 shares during the last quarter. Institutional investors and hedge funds own 48.33% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on First of Long Island in a report on Monday, December 30th. They issued a “hold” rating on the stock.

First of Long Island Price Performance

Shares of NASDAQ FLIC opened at $11.92 on Friday. 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 firm’s 50-day moving average price is $13.38 and its 200-day moving average price is $12.55. The firm has a market capitalization of $268.72 million, a P/E ratio of 13.55 and a beta of 0.74. The First of Long Island Co. has a 1-year low of $9.30 and a 1-year high of $15.03.

First of Long Island Announces Dividend

The company also recently announced 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.05%. The ex-dividend date of this dividend is Tuesday, December 31st. First of Long Island’s payout ratio is 95.45%.

About First of Long Island

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.