SG Americas Securities LLC Grows Position in The First of Long Island Co. (NASDAQ:FLIC)

SG Americas Securities LLC boosted its stake in shares of The First of Long Island Co. (NASDAQ:FLIC) by 21.7% during the 4th quarter, Holdings Channel reports. The firm owned 11,602 shares of the bank’s stock after acquiring an additional 2,068 shares during the quarter. SG Americas Securities LLC’s holdings in First of Long Island were worth $154,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Sei Investments Co. boosted its holdings in shares of First of Long Island by 3.5% in the 2nd quarter. Sei Investments Co. now owns 16,313 shares of the bank’s stock valued at $286,000 after acquiring an additional 557 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of First of Long Island by 5.5% in the 4th quarter. Alliancebernstein L.P. now owns 13,421 shares of the bank’s stock valued at $242,000 after acquiring an additional 700 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of First of Long Island by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 157,605 shares of the bank’s stock valued at $3,068,000 after acquiring an additional 945 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of First of Long Island by 3.7% in the 1st quarter. Invesco Ltd. now owns 32,388 shares of the bank’s stock valued at $630,000 after acquiring an additional 1,155 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of First of Long Island by 3.8% in the 2nd quarter. Stifel Financial Corp now owns 35,232 shares of the bank’s stock valued at $423,000 after acquiring an additional 1,285 shares during the last quarter. Hedge funds and other institutional investors own 48.33% of the company’s stock.

First of Long Island Stock Performance

FLIC opened at $10.16 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a fifty day moving average price of $10.91 and a 200 day moving average price of $11.58. The First of Long Island Co. has a 1 year low of $8.79 and a 1 year high of $14.26. The stock has a market cap of $228.19 million, a P/E ratio of 8.68 and a beta of 0.64.

First of Long Island (NASDAQ:FLIC) last posted its earnings results on Thursday, January 25th. The bank reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. First of Long Island had a net margin of 16.22% and a return on equity of 7.13%. The firm had revenue of $22.36 million during the quarter, compared to analysts’ expectations of $23.20 million. Equities research analysts anticipate that The First of Long Island Co. will post 1.03 earnings per share for the current year.

First of Long Island Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 13th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 8.27%. The ex-dividend date of this dividend was Tuesday, March 12th. First of Long Island’s dividend payout ratio is currently 71.79%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of First of Long Island from a “sell” rating to a “hold” rating in a report on Monday, February 26th.

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, and individual retirement accounts.