Bailard Inc. Purchases Shares of 27,141 The First of Long Island Co. (NASDAQ:FLIC)

Bailard Inc. acquired a new stake in The First of Long Island Co. (NASDAQ:FLIC) during the 4th quarter, Holdings Channel.com reports. The firm acquired 27,141 shares of the bank’s stock, valued at approximately $359,000.

Other hedge funds have also recently bought and sold shares of the company. J.W. Cole Advisors Inc. acquired a new position in First of Long Island during the 4th quarter worth $134,000. Strs Ohio increased its stake in shares of First of Long Island by 6.7% during the fourth quarter. Strs Ohio now owns 43,300 shares of the bank’s stock worth $573,000 after buying an additional 2,700 shares during the period. SG Americas Securities LLC raised its holdings in First of Long Island by 21.7% in the fourth quarter. SG Americas Securities LLC now owns 11,602 shares of the bank’s stock valued at $154,000 after acquiring an additional 2,068 shares in the last quarter. GSA Capital Partners LLP lifted its stake in First of Long Island by 145.7% in the third quarter. GSA Capital Partners LLP now owns 103,078 shares of the bank’s stock worth $1,186,000 after acquiring an additional 61,128 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in First of Long Island by 107.6% during the 3rd quarter. AQR Capital Management LLC now owns 396,994 shares of the bank’s stock worth $4,569,000 after acquiring an additional 205,741 shares in the last quarter. Institutional investors and hedge funds own 48.33% of the company’s stock.

First of Long Island Stock Up 0.2 %

Shares of NASDAQ FLIC opened at $10.50 on Monday. The First of Long Island Co. has a 1 year low of $8.79 and a 1 year high of $14.26. The company has a market capitalization of $235.83 million, a price-to-earnings ratio of 9.72 and a beta of 0.64. 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 business has a 50-day moving average of $10.76 and a two-hundred day moving average of $11.52.

First of Long Island (NASDAQ:FLIC) last posted its earnings results on Thursday, January 25th. The bank reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. The firm had revenue of $22.36 million during the quarter, compared to analysts’ expectations of $23.20 million. First of Long Island had a return on equity of 6.59% and a net margin of 14.14%. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Wednesday, March 13th were given a dividend of $0.21 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.84 annualized dividend and a dividend yield of 8.00%. First of Long Island’s dividend payout ratio is presently 77.78%.

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 report on Monday, February 26th.

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, and individual retirement accounts.