SG Americas Securities LLC Acquires 2,614 Shares of The First of Long Island Co. (NASDAQ:FLIC)

SG Americas Securities LLC raised its position in shares of The First of Long Island Co. (NASDAQ:FLIC) by 28.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,813 shares of the bank’s stock after buying an additional 2,614 shares during the quarter. SG Americas Securities LLC’s holdings in First of Long Island were worth $138,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP purchased a new position in First of Long Island in the 3rd quarter worth $5,407,000. Barclays PLC boosted its holdings in First of Long Island by 73.1% in the third quarter. Barclays PLC now owns 57,758 shares of the bank’s stock valued at $743,000 after purchasing an additional 24,399 shares during the last quarter. Quest Partners LLC acquired a new stake in First of Long Island during the 3rd quarter worth about $212,000. State Street Corp raised its stake in shares of First of Long Island by 3.4% during the 3rd quarter. State Street Corp now owns 505,758 shares of the bank’s stock valued at $6,509,000 after buying an additional 16,456 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of First of Long Island by 3.0% in the third quarter. Geode Capital Management LLC now owns 500,881 shares of the bank’s stock worth $6,447,000 after buying an additional 14,736 shares during the last quarter. Hedge funds and other institutional investors own 48.33% of the company’s stock.

First of Long Island Price Performance

NASDAQ:FLIC opened at $13.77 on Tuesday. The stock has a market capitalization of $310.38 million, a PE ratio of 18.36 and a beta of 0.75. The First of Long Island Co. has a 52 week low of $9.30 and a 52 week high of $15.03. The stock’s 50-day moving average price is $12.57 and its 200-day moving average price is $12.86. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.15.

First of Long Island (NASDAQ:FLIC) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.10). First of Long Island had a return on equity of 4.74% and a net margin of 9.52%.

First of Long Island Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 31st were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date was Tuesday, December 31st. First of Long Island’s payout ratio is 112.00%.

Analyst Upgrades and Downgrades

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

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.