Strs Ohio increased its holdings in The First of Long Island Co. (NASDAQ:FLIC – Free Report) by 8.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,600 shares of the bank’s stock after acquiring an additional 3,200 shares during the period. Strs Ohio owned about 0.18% of First of Long Island worth $488,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the business. EA Series Trust bought a new position in shares of First of Long Island in the second quarter valued at approximately $301,000. Cox Capital Mgt LLC grew its holdings in shares of First of Long Island by 1.3% in the second quarter. Cox Capital Mgt LLC now owns 115,864 shares of the bank’s stock valued at $1,393,000 after acquiring an additional 1,524 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of First of Long Island by 17.7% in the first quarter. Ameriprise Financial Inc. now owns 36,395 shares of the bank’s stock valued at $491,000 after acquiring an additional 5,476 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of First of Long Island by 81.8% in the first quarter. Thrivent Financial for Lutherans now owns 62,600 shares of the bank’s stock valued at $846,000 after acquiring an additional 28,162 shares in the last quarter. Finally, BHZ Capital Management LP grew its holdings in shares of First of Long Island by 6.4% in the first quarter. BHZ Capital Management LP now owns 105,248 shares of the bank’s stock valued at $1,421,000 after acquiring an additional 6,295 shares in the last quarter. 52.16% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised First of Long Island from a “sell” rating to a “hold” rating in a report on Friday, October 20th.
First of Long Island Trading Up 0.7 %
NASDAQ:FLIC opened at $10.60 on Monday. The company has a market cap of $239.24 million, a P/E ratio of 7.91 and a beta of 0.65. The stock’s fifty day moving average price is $11.79 and its two-hundred day moving average price is $12.00. The First of Long Island Co. has a 1 year low of $8.79 and a 1 year high of $19.55. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.96 and a quick ratio of 0.96.
First of Long Island (NASDAQ:FLIC – Get Free Report) last posted its earnings results on Thursday, July 27th. The bank reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01). The company had revenue of $24.52 million for the quarter, compared to analysts’ expectations of $24.80 million. First of Long Island had a return on equity of 8.20% and a net margin of 19.18%. As a group, analysts expect that The First of Long Island Co. will post 1.05 EPS for the current year.
First of Long Island Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Investors of record on Wednesday, October 11th were given a $0.21 dividend. The ex-dividend date was Tuesday, October 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.92%. First of Long Island’s dividend payout ratio (DPR) is presently 62.69%.
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, holiday club, and individual retirement accounts.
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