Empowered Funds LLC Grows Stock Position in The First of Long Island Co. (NASDAQ:FLIC)

Empowered Funds LLC boosted its holdings in shares of The First of Long Island Co. (NASDAQ:FLIC) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,924 shares of the bank’s stock after acquiring an additional 2,876 shares during the quarter. Empowered Funds LLC owned about 0.27% of First of Long Island worth $712,000 at the end of the most recent quarter.

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

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 on the stock.

First of Long Island Stock Performance

Shares of First of Long Island stock opened at $13.83 on Wednesday. The stock has a market capitalization of $311.78 million, a price-to-earnings ratio of 18.44 and a beta of 0.75. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50-day moving average of $12.52 and a 200 day moving average of $12.88. The First of Long Island Co. has a 12 month low of $9.30 and a 12 month high of $15.03.

First of Long Island (NASDAQ:FLIC) last posted its quarterly earnings data 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 net margin of 9.52% and a return on equity of 4.74%.

First of Long Island Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date was Tuesday, December 31st. First of Long Island’s dividend payout ratio is currently 112.00%.

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.