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

Investment analysts at StockNews.com initiated coverage on shares of First of Long Island (NASDAQ:FLIC) in a report released on Wednesday. The firm set a “hold” rating on the bank’s stock.

First of Long Island Stock Down 1.9 %

Shares of NASDAQ FLIC opened at $11.61 on Wednesday. First of Long Island has a one year low of $9.30 and a one year high of $15.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.98 and a quick ratio of 0.98. The firm’s 50 day simple moving average is $12.54 and its two-hundred day simple moving average is $12.97. The stock has a market capitalization of $261.76 million, a P/E ratio of 15.48 and a beta of 0.75.

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

Institutional Trading of First of Long Island

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Anchor Capital Advisors LLC raised its holdings in First of Long Island by 0.5% in the fourth quarter. Anchor Capital Advisors LLC now owns 176,241 shares of the bank’s stock worth $2,058,000 after purchasing an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in First of Long Island by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 174,109 shares of the bank’s stock worth $2,034,000 after purchasing an additional 1,271 shares in the last quarter. FMR LLC raised its holdings in First of Long Island by 124.0% in the third quarter. FMR LLC now owns 3,522 shares of the bank’s stock worth $45,000 after purchasing an additional 1,950 shares in the last quarter. SG Americas Securities LLC raised its holdings in First of Long Island by 28.4% in the fourth quarter. SG Americas Securities LLC now owns 11,813 shares of the bank’s stock worth $138,000 after purchasing an additional 2,614 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in First of Long Island by 5.0% in the fourth quarter. Empowered Funds LLC now owns 60,924 shares of the bank’s stock worth $712,000 after purchasing an additional 2,876 shares in the last quarter. Hedge funds and other institutional investors own 48.33% of the company’s stock.

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.