First of Long Island (NASDAQ:FLIC) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of First of Long Island (NASDAQ:FLIC) in a research note issued on Thursday. The firm set a “hold” rating on the bank’s stock.

First of Long Island Price Performance

NASDAQ FLIC opened at $11.90 on Thursday. 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 capitalization of $268.23 million, a price-to-earnings ratio of 13.52 and a beta of 0.74. The stock has a 50-day moving average of $12.84 and a 200 day moving average of $12.73. First of Long Island has a one year low of $9.30 and a one year high of $15.03.

Hedge Funds Weigh In On First of Long Island

Institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in 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 valued at $3,522,000 after acquiring an additional 51,792 shares during the period. State Street Corp boosted its holdings in shares of First of Long Island by 3.4% in the third quarter. State Street Corp now owns 505,758 shares of the bank’s stock worth $6,509,000 after buying an additional 16,456 shares during the last quarter. AQR Capital Management LLC grew its position in First of Long Island by 272.6% during the second quarter. AQR Capital Management LLC now owns 438,812 shares of the bank’s stock valued at $4,397,000 after buying an additional 321,032 shares during the period. FMR LLC increased its holdings in First of Long Island by 124.0% during the third quarter. FMR LLC now owns 3,522 shares of the bank’s stock valued at $45,000 after buying an additional 1,950 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in First of Long Island in the third quarter worth approximately $5,407,000. 48.33% of the stock is currently owned by hedge funds and other institutional investors.

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.