Barclays PLC Purchases 24,399 Shares of The First of Long Island Co. (NASDAQ:FLIC)

Barclays PLC raised its holdings in shares of The First of Long Island Co. (NASDAQ:FLIC) by 73.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,758 shares of the bank’s stock after buying an additional 24,399 shares during the period. Barclays PLC owned about 0.26% of First of Long Island worth $743,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FLIC. Rhumbline Advisers increased its stake in shares of First of Long Island by 3.8% in the 2nd quarter. Rhumbline Advisers now owns 33,419 shares of the bank’s stock worth $335,000 after purchasing an additional 1,231 shares in the last quarter. FMR LLC increased its position in First of Long Island by 124.0% in the third quarter. FMR LLC now owns 3,522 shares of the bank’s stock worth $45,000 after buying an additional 1,950 shares in the last quarter. Sei Investments Co. raised its stake in shares of First of Long Island by 13.0% in the second quarter. Sei Investments Co. now owns 21,669 shares of the bank’s stock worth $217,000 after buying an additional 2,500 shares during the period. Empowered Funds LLC lifted its position in shares of First of Long Island by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 58,048 shares of the bank’s stock valued at $747,000 after buying an additional 2,948 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of First of Long Island by 14.9% during the 2nd quarter. Hsbc Holdings PLC now owns 29,386 shares of the bank’s stock valued at $295,000 after acquiring an additional 3,810 shares during the period. 48.33% of the stock is currently owned by institutional investors.

First of Long Island Trading Down 1.4 %

Shares of FLIC stock opened at $11.68 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a fifty day simple moving average of $13.44 and a two-hundred day simple moving average of $12.55. The firm has a market capitalization of $263.31 million, a PE ratio of 13.27 and a beta of 0.71. The First of Long Island Co. has a 52-week low of $9.30 and a 52-week high of $15.03.

First of Long Island Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Tuesday, December 31st will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 7.19%. The ex-dividend date is Tuesday, December 31st. First of Long Island’s dividend payout ratio is currently 95.45%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of First of Long Island in a report on Monday. They set a “hold” rating on the stock.

About First of Long Island

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.