Crawford Investment Counsel Inc. Sells 69,936 Shares of The First of Long Island Co. (NASDAQ:FLIC)

Crawford Investment Counsel Inc. reduced its position in The First of Long Island Co. (NASDAQ:FLICGet Rating) by 40.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,436 shares of the bank’s stock after selling 69,936 shares during the quarter. Crawford Investment Counsel Inc. owned approximately 0.45% of First of Long Island worth $2,013,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisor Group Holdings Inc. lifted its holdings in shares of First of Long Island by 24.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 6,349 shares of the bank’s stock valued at $137,000 after purchasing an additional 1,229 shares in the last quarter. First Trust Advisors LP lifted its stake in First of Long Island by 12.0% in the fourth quarter. First Trust Advisors LP now owns 46,972 shares of the bank’s stock valued at $1,014,000 after acquiring an additional 5,041 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of First of Long Island by 60.6% in the 4th quarter. BNP Paribas Arbitrage SA now owns 10,171 shares of the bank’s stock valued at $220,000 after acquiring an additional 3,837 shares during the period. Principal Financial Group Inc. bought a new stake in shares of First of Long Island in the 4th quarter valued at about $522,000. Finally, Acadian Asset Management LLC grew its holdings in First of Long Island by 30.9% during the fourth quarter. Acadian Asset Management LLC now owns 76,357 shares of the bank’s stock worth $1,647,000 after purchasing an additional 18,039 shares during the period. 58.00% of the stock is owned by institutional investors.

First of Long Island Stock Up 1.0 %

Shares of FLIC opened at $18.42 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.74. The First of Long Island Co. has a 12 month low of $16.51 and a 12 month high of $22.95. The firm’s 50 day moving average is $18.55 and its 200-day moving average is $18.91. The stock has a market capitalization of $420.97 million, a PE ratio of 9.59 and a beta of 0.51.

First of Long Island (NASDAQ:FLICGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.07. First of Long Island had a return on equity of 11.25% and a net margin of 32.72%. The firm had revenue of $32.72 million during the quarter, compared to analysts’ expectations of $30.90 million. Equities research analysts forecast that The First of Long Island Co. will post 2.07 EPS for the current year.

First of Long Island Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 22nd. Stockholders of record on Thursday, July 14th were paid a $0.20 dividend. The ex-dividend date was Wednesday, July 13th. This represents a $0.80 annualized dividend and a dividend yield of 4.34%. First of Long Island’s payout ratio is 41.67%.

Analyst Ratings Changes

Separately, StockNews.com raised First of Long Island from a “hold” rating to a “buy” rating in a research report on Friday.

First of Long Island Profile

(Get Rating)

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, holiday club, and individual retirement accounts.

See Also

Institutional Ownership by Quarter for First of Long Island (NASDAQ:FLIC)

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