Janney Montgomery Scott LLC Has $154,000 Stock Holdings in The First of Long Island Co. (NASDAQ:FLIC)

Janney Montgomery Scott LLC raised its stake in shares of The First of Long Island Co. (NASDAQ:FLIC) by 15.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,455 shares of the bank’s stock after buying an additional 1,634 shares during the period. Janney Montgomery Scott LLC owned about 0.06% of First of Long Island worth $154,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Wellington Management Group LLP boosted its position in First of Long Island by 50.5% during the fourth quarter. Wellington Management Group LLP now owns 632,365 shares of the bank’s stock valued at $7,386,000 after purchasing an additional 212,216 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of First of Long Island during the 4th quarter worth about $1,856,000. Credit Industriel ET Commercial acquired a new stake in shares of First of Long Island during the 4th quarter valued at about $1,180,000. Millennium Management LLC grew its stake in shares of First of Long Island by 79.9% in the 4th quarter. Millennium Management LLC now owns 154,915 shares of the bank’s stock valued at $1,809,000 after buying an additional 68,807 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in First of Long Island by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,154,523 shares of the bank’s stock worth $13,485,000 after buying an additional 55,710 shares during the last quarter. 48.33% of the stock is currently owned by hedge funds and other institutional investors.

First of Long Island Stock Performance

FLIC opened at $11.88 on Monday. 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 company has a market cap of $269.44 million, a PE ratio of 15.84 and a beta of 0.85. The stock has a 50-day moving average of $11.98 and a 200-day moving average of $12.08. The First of Long Island Co. has a 52-week low of $10.02 and a 52-week high of $15.03.

First of Long Island (NASDAQ:FLIC) last announced its earnings results on Wednesday, April 30th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). First of Long Island had a return on equity of 4.74% and a net margin of 9.52%. The company had revenue of $21.54 million for the quarter, compared to the consensus estimate of $21.89 million.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wall Street Zen assumed coverage on shares of First of Long Island in a research note on Wednesday, May 7th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods raised shares of First of Long Island from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $16.04 to $16.56 in a research note on Tuesday, April 1st.

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.