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

Proficio Capital Partners LLC acquired a new position in shares of The First of Long Island Co. (NASDAQ:FLIC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,086 shares of the bank’s stock, valued at approximately $165,000. Proficio Capital Partners LLC owned 0.06% of First of Long Island as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP bought a new position in First of Long Island during the 3rd quarter worth about $5,407,000. ABC Arbitrage SA acquired a new position in shares of First of Long Island during the fourth quarter valued at about $4,545,000. Bank of New York Mellon Corp raised its holdings in shares of First of Long Island by 27.9% in the fourth quarter. Bank of New York Mellon Corp now owns 205,435 shares of the bank’s stock worth $2,399,000 after buying an additional 44,857 shares during the last quarter. Barclays PLC raised its stake in First of Long Island by 73.1% in the 3rd quarter. Barclays PLC now owns 57,758 shares of the bank’s stock worth $743,000 after acquiring an additional 24,399 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of First of Long Island during the third quarter worth about $212,000. Hedge funds and other institutional investors own 48.33% of the company’s stock.

First of Long Island Stock Up 0.2 %

FLIC stock opened at $12.51 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.15. The First of Long Island Co. has a 52 week low of $9.30 and a 52 week high of $15.03. The stock has a market capitalization of $283.16 million, a P/E ratio of 16.68 and a beta of 0.75. The firm has a 50-day simple moving average of $12.68 and a 200-day simple moving average of $12.91.

First of Long Island (NASDAQ:FLIC) last released its earnings results 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.71%. The ex-dividend date is Monday, March 24th. First of Long Island’s payout ratio is 112.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on First of Long Island in a report on Friday. 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.