The First of Long Island Co. (NASDAQ:FLIC) Shares Sold by AlphaQuest LLC

AlphaQuest LLC trimmed its holdings in shares of The First of Long Island Co. (NASDAQ:FLIC) by 85.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,336 shares of the bank’s stock after selling 14,171 shares during the period. AlphaQuest LLC’s holdings in First of Long Island were worth $27,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Anchor Capital Advisors LLC lifted its stake in First of Long Island by 0.5% during the 4th quarter. Anchor Capital Advisors LLC now owns 176,241 shares of the bank’s stock valued at $2,058,000 after acquiring an additional 877 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in First of Long Island by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 174,109 shares of the bank’s stock valued at $2,034,000 after acquiring an additional 1,271 shares during the period. FMR LLC lifted its stake in First of Long Island by 124.0% during 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. SG Americas Securities LLC lifted its stake in First of Long Island by 28.4% during the 4th quarter. SG Americas Securities LLC now owns 11,813 shares of the bank’s stock valued at $138,000 after acquiring an additional 2,614 shares during the period. Finally, Empowered Funds LLC lifted its stake in First of Long Island by 5.0% during the 4th quarter. Empowered Funds LLC now owns 60,924 shares of the bank’s stock valued at $712,000 after acquiring an additional 2,876 shares during the period. 48.33% of the stock is currently owned by institutional investors and hedge funds.

First of Long Island Trading Down 1.1 %

Shares of NASDAQ:FLIC opened at $12.07 on Friday. The First of Long Island Co. has a 12-month low of $9.30 and a 12-month high of $15.03. The company has a market capitalization of $273.20 million, a PE ratio of 16.09 and a beta of 0.75. The business has a 50 day moving average of $12.62 and a two-hundred day moving average of $12.92. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.15.

First of Long Island (NASDAQ:FLIC) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $0.14 earnings per share (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 business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 6.96%. The ex-dividend date is Monday, March 24th. First of Long Island’s payout ratio is presently 112.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on First of Long Island in a report on Thursday. They issued a “hold” rating for the company.

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.