American Century Companies Inc. Increases Holdings in The First of Long Island Co. (NASDAQ:FLIC)

American Century Companies Inc. increased its position in The First of Long Island Co. (NASDAQ:FLIC) by 12.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 443,701 shares of the bank’s stock after buying an additional 49,798 shares during the quarter. American Century Companies Inc.’s holdings in First of Long Island were worth $5,182,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC boosted its stake in shares of First of Long Island by 73.1% in the 3rd quarter. Barclays PLC now owns 57,758 shares of the bank’s stock valued at $743,000 after purchasing an additional 24,399 shares in the last quarter. State Street Corp lifted its stake in 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 purchasing an additional 16,456 shares during the last quarter. FMR LLC boosted its position 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 period. Proficio Capital Partners LLC bought a new position in shares of First of Long Island during the fourth quarter valued at about $165,000. Finally, Wellington Management Group LLP purchased a new position in shares of First of Long Island in the third quarter worth about $5,407,000. Hedge funds and other institutional investors own 48.33% of the company’s stock.

First of Long Island Price Performance

FLIC stock opened at $11.00 on Friday. 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 firm’s 50-day moving average price is $12.69 and its two-hundred day moving average price is $12.88. The stock has a market capitalization of $248.99 million, a price-to-earnings ratio of 14.67 and a beta of 0.75. The First of Long Island Co. has a 12-month low of $9.30 and a 12-month high of $15.03.

First of Long Island (NASDAQ:FLIC) last announced its quarterly earnings results 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 net margin of 9.52% and a return on equity of 4.74%.

First of Long Island Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 24th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.64%. First of Long Island’s dividend payout ratio is presently 112.00%.

Analyst Ratings Changes

FLIC has been the topic of several recent research reports. StockNews.com initiated coverage on First of Long Island in a research report on Saturday. They set a “hold” rating on the stock. Keefe, Bruyette & Woods upgraded shares of First of Long Island from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $16.04 to $16.56 in a report on Tuesday.

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.