First of Long Island (NASDAQ:FLIC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of First of Long Island (NASDAQ:FLIC) in a report issued on Friday. The firm set a “hold” rating on the bank’s stock.

First of Long Island Price Performance

FLIC stock opened at $12.88 on Friday. The stock has a 50-day simple moving average of $12.73 and a 200-day simple moving average of $12.78. First of Long Island has a 1 year low of $9.30 and a 1 year high of $15.03. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $290.32 million, a P/E ratio of 14.64 and a beta of 0.74.

First of Long Island (NASDAQ:FLIC) last issued its quarterly earnings results on Thursday, January 30th. The bank reported $0.14 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.10). First of Long Island had a return on equity of 5.49% and a net margin of 11.15%.

Institutional Trading of First of Long Island

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC increased its position 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 acquiring an additional 1,950 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of First of Long Island in the third quarter valued at about $118,000. Janney Montgomery Scott LLC bought a new stake in shares of First of Long Island in the fourth quarter valued at approximately $126,000. CWM LLC grew its position in 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, Quest Partners LLC bought a new position in First of Long Island in the third quarter worth $212,000. 48.33% of the stock is currently owned by institutional investors.

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.