Janney Montgomery Scott LLC Makes New $126,000 Investment in The First of Long Island Co. (NASDAQ:FLIC)

Janney Montgomery Scott LLC bought a new position in shares of The First of Long Island Co. (NASDAQ:FLIC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,821 shares of the bank’s stock, valued at approximately $126,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLIC. SG Americas Securities LLC bought a new position in First of Long Island during the third quarter worth about $118,000. CWM LLC lifted its holdings in shares of First of Long Island by 87.8% during the 3rd quarter. CWM LLC now owns 14,668 shares of the bank’s stock valued at $189,000 after purchasing an additional 6,856 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of First of Long Island by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 58,048 shares of the bank’s stock valued at $747,000 after purchasing an additional 2,948 shares in the last quarter. Quest Partners LLC bought a new position in shares of First of Long Island during the 3rd quarter valued at about $212,000. Finally, FMR LLC lifted its holdings in shares of 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 purchasing an additional 1,950 shares in the last quarter. Institutional investors own 48.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on First of Long Island in a report on Saturday, February 8th. They set a “hold” rating on the stock.

First of Long Island Trading Up 1.0 %

NASDAQ:FLIC opened at $13.79 on Friday. The First of Long Island Co. has a fifty-two week low of $9.30 and a fifty-two week high of $15.03. 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 stock has a market capitalization of $310.88 million, a PE ratio of 18.39 and a beta of 0.75. The business’s 50-day simple moving average is $12.55 and its 200-day simple moving average is $12.87.

First of Long Island (NASDAQ:FLIC) last released its quarterly earnings data on Thursday, January 30th. The bank reported $0.14 earnings per share 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 company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 31st were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date of this dividend was Tuesday, December 31st. First of Long Island’s dividend payout ratio is presently 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.