Insider Buying: The First of Long Island Co. (NASDAQ:FLIC) EVP Acquires $183,315.00 in Stock

The First of Long Island Co. (NASDAQ:FLIC) EVP Christopher J. Hilton bought 16,500 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was purchased at an average cost of $11.11 per share, for a total transaction of $183,315.00. Following the transaction, the executive vice president now owns 30,786 shares of the company’s stock, valued at $342,032.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

First of Long Island Stock Up 3.9 %

Shares of NASDAQ FLIC opened at $11.59 on Monday. The firm has a market cap of $261.59 million, a price-to-earnings ratio of 8.65 and a beta of 0.65. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.05. The First of Long Island Co. has a 52-week low of $8.79 and a 52-week high of $19.55. The business’s 50 day moving average is $11.58 and its two-hundred day moving average is $11.94.

First of Long Island Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Wednesday, October 11th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date was Tuesday, October 10th. First of Long Island’s payout ratio is 62.69%.

Analyst Ratings Changes

Separately, StockNews.com raised First of Long Island from a “sell” rating to a “hold” rating in a research report on Friday, October 20th.

Hedge Funds Weigh In On First of Long Island

Several institutional investors have recently modified their holdings of the business. Sei Investments Co. grew its stake in shares of First of Long Island by 3.5% in the second quarter. Sei Investments Co. now owns 16,313 shares of the bank’s stock worth $286,000 after acquiring an additional 557 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of First of Long Island by 5.5% in the fourth quarter. Alliancebernstein L.P. now owns 13,421 shares of the bank’s stock worth $242,000 after acquiring an additional 700 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of First of Long Island by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 157,605 shares of the bank’s stock worth $3,068,000 after acquiring an additional 945 shares in the last quarter. Invesco Ltd. grew its stake in shares of First of Long Island by 3.7% in the first quarter. Invesco Ltd. now owns 32,388 shares of the bank’s stock worth $630,000 after acquiring an additional 1,155 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of First of Long Island by 3.8% during the second quarter. Stifel Financial Corp now owns 35,232 shares of the bank’s stock worth $423,000 after purchasing an additional 1,285 shares in the last quarter. Institutional investors and hedge funds own 52.16% 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, holiday club, and individual retirement accounts.