Barclays PLC Boosts Stock Holdings in The First of Long Island Co. (NASDAQ:FLIC)

Barclays PLC boosted its stake in The First of Long Island Co. (NASDAQ:FLIC) by 73.1% during the 3rd quarter, Holdings Channel reports. The firm owned 57,758 shares of the bank’s stock after buying an additional 24,399 shares during the quarter. Barclays PLC’s holdings in First of Long Island were worth $743,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP bought a new stake in shares of First of Long Island in the third quarter worth about $5,407,000. AQR Capital Management LLC grew its holdings in First of Long Island by 272.6% during the 2nd 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 in the last quarter. American Century Companies Inc. increased its stake in First of Long Island by 17.3% in the 2nd 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. Squarepoint Ops LLC purchased a new stake in shares of First of Long Island during the 2nd quarter worth approximately $230,000. Finally, Marshall Wace LLP bought a new position in shares of First of Long Island during the 2nd quarter valued at approximately $209,000. Institutional investors own 48.33% of the company’s stock.

Analysts Set New Price Targets

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

First of Long Island Stock Down 1.4 %

Shares of NASDAQ:FLIC opened at $11.68 on Wednesday. The company has a market cap of $263.31 million, a price-to-earnings ratio of 13.27 and a beta of 0.71. The First of Long Island Co. has a 12 month low of $9.30 and a 12 month high of $15.03. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average price of $13.44 and a 200 day moving average price of $12.55.

First of Long Island Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 31st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.19%. The ex-dividend date of this dividend is Tuesday, December 31st. First of Long Island’s dividend payout ratio (DPR) is 95.45%.

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.