First of Long Island (NASDAQ:FLIC) Now Covered by Analysts at StockNews.com

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

First of Long Island Trading Up 0.2 %

Shares of First of Long Island stock opened at $12.51 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.98 and a quick ratio of 0.98. First of Long Island has a 1 year low of $9.30 and a 1 year high of $15.03. The firm has a market cap of $283.16 million, a PE ratio of 16.68 and a beta of 0.75. The company has a 50 day simple moving average of $12.68 and a two-hundred day simple moving average of $12.91.

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

Institutional Investors Weigh In On First of Long Island

Institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP lifted its stake in First of Long Island by 50.5% in the fourth quarter. Wellington Management Group LLP now owns 632,365 shares of the bank’s stock worth $7,386,000 after purchasing an additional 212,216 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of First of Long Island during the fourth quarter valued at approximately $126,000. Sherbrooke Park Advisers LLC bought a new position in shares of First of Long Island in the fourth quarter worth approximately $136,000. Millennium Management LLC grew its holdings in shares of First of Long Island by 79.9% in the fourth quarter. Millennium Management LLC now owns 154,915 shares of the bank’s stock worth $1,809,000 after purchasing an additional 68,807 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in shares of First of Long Island by 17.1% in the fourth quarter. Focus Partners Wealth now owns 34,288 shares of the bank’s stock worth $400,000 after buying an additional 5,008 shares during the period. Hedge funds and other institutional investors own 48.33% of the company’s 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.