Proficio Capital Partners LLC Invests $165,000 in The First of Long Island Co. (NASDAQ:FLIC)

Proficio Capital Partners LLC purchased a new position in The First of Long Island Co. (NASDAQ:FLIC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,086 shares of the bank’s stock, valued at approximately $165,000. Proficio Capital Partners LLC owned about 0.06% of First of Long Island at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FLIC. Empowered Funds LLC boosted its stake in shares of First of Long Island by 5.4% in the third quarter. Empowered Funds LLC now owns 58,048 shares of the bank’s stock worth $747,000 after acquiring an additional 2,948 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of First of Long Island in the third quarter worth approximately $212,000. FMR LLC boosted 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 acquiring an additional 1,950 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of First of Long Island by 8.9% in the third 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. Finally, State Street Corp lifted its position in First of Long Island by 3.4% during the third quarter. State Street Corp now owns 505,758 shares of the bank’s stock worth $6,509,000 after buying an additional 16,456 shares in the last quarter. 48.33% of the stock is owned by institutional investors and hedge funds.

First of Long Island Stock Performance

Shares of First of Long Island stock opened at $11.78 on Thursday. The First of Long Island Co. has a one year low of $9.30 and a one year high of $15.03. The company has a market cap of $265.59 million, a price-to-earnings ratio of 15.71 and a beta of 0.75. 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 business’s 50 day moving average price is $12.54 and its 200 day moving average price is $12.96.

First of Long Island (NASDAQ:FLIC) last posted its earnings results on Thursday, January 30th. The bank reported $0.14 EPS for the quarter, missing analysts’ consensus estimates 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 31st were issued a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.84 annualized dividend and a dividend yield of 7.13%. First of Long Island’s dividend payout ratio is presently 112.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on First of Long Island in a research report on Wednesday. They set a “hold” rating on the stock.

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.