J.W. Cole Advisors Inc. Invests $134,000 in The First of Long Island Co. (NASDAQ:FLIC)

J.W. Cole Advisors Inc. acquired a new stake in shares of The First of Long Island Co. (NASDAQ:FLIC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,095 shares of the bank’s stock, valued at approximately $134,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of First of Long Island by 107.6% in the third quarter. AQR Capital Management LLC now owns 396,994 shares of the bank’s stock worth $4,569,000 after purchasing an additional 205,741 shares during the period. Trexquant Investment LP raised its holdings in shares of First of Long Island by 8.5% in the 3rd quarter. Trexquant Investment LP now owns 37,067 shares of the bank’s stock valued at $427,000 after acquiring an additional 2,892 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of First of Long Island by 145.7% during the 3rd quarter. GSA Capital Partners LLP now owns 103,078 shares of the bank’s stock valued at $1,186,000 after acquiring an additional 61,128 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of First of Long Island during the third quarter worth about $161,000. Finally, SG Americas Securities LLC bought a new position in shares of First of Long Island in the third quarter worth approximately $110,000. Institutional investors own 48.33% of the company’s stock.

First of Long Island Stock Up 0.2 %

Shares of FLIC opened at $10.50 on Friday. The firm has a market cap of $235.83 million, a P/E ratio of 8.97 and a beta of 0.64. 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 50 day simple moving average of $10.77 and a two-hundred day simple moving average of $11.52. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.98 and a quick ratio of 0.98.

First of Long Island (NASDAQ:FLIC) last released its earnings results on Thursday, January 25th. The bank reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. First of Long Island had a return on equity of 7.13% and a net margin of 16.22%. The company had revenue of $22.36 million during the quarter, compared to analyst estimates of $23.20 million. On average, analysts forecast that The First of Long Island Co. will post 1.03 earnings per share for the current fiscal year.

First of Long Island Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Wednesday, March 13th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 8.00%. The ex-dividend date was Tuesday, March 12th. First of Long Island’s dividend payout ratio is 71.79%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of First of Long Island from a “sell” rating to a “hold” rating in a research 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.