Jane Street Group LLC Has $428,000 Holdings in The First of Long Island Co. (NASDAQ:FLIC)

Jane Street Group LLC trimmed its holdings in shares of The First of Long Island Co. (NASDAQ:FLIC) by 11.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,257 shares of the bank’s stock after selling 4,233 shares during the period. Jane Street Group LLC owned 0.15% of First of Long Island worth $428,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp increased its stake in shares of First of Long Island by 9.2% in the second quarter. Bank of New York Mellon Corp now owns 173,446 shares of the bank’s stock valued at $1,738,000 after buying an additional 14,656 shares in the last quarter. Rhumbline Advisers increased its position in First of Long Island by 3.8% in the 2nd quarter. Rhumbline Advisers now owns 33,419 shares of the bank’s stock valued at $335,000 after acquiring an additional 1,231 shares in the last quarter. American Century Companies Inc. raised its stake in shares of First of Long Island by 17.3% in the second quarter. American Century Companies Inc. now owns 351,452 shares of the bank’s stock worth $3,522,000 after acquiring an additional 51,792 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of First of Long Island by 1.7% during the second quarter. Renaissance Technologies LLC now owns 606,650 shares of the bank’s stock worth $6,079,000 after purchasing an additional 10,400 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of First of Long Island by 14.9% during the second quarter. Hsbc Holdings PLC now owns 29,386 shares of the bank’s stock valued at $295,000 after purchasing an additional 3,810 shares during the last quarter. Institutional investors own 48.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on First of Long Island in a report on Tuesday. They set a “hold” rating for the company.

First of Long Island Stock Down 3.0 %

Shares of First of Long Island stock opened at $11.50 on Wednesday. The First of Long Island Co. has a 52-week low of $9.30 and a 52-week high of $15.03. The business’s 50 day simple moving average is $13.34 and its 200 day simple moving average is $12.62. The firm has a market cap of $259.26 million, a PE ratio of 13.07 and a beta of 0.74. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 0.98.

First of Long Island Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 31st will be paid a $0.21 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.84 annualized dividend and a yield of 7.30%. First of Long Island’s dividend payout ratio is 95.45%.

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.