Barclays PLC Grows Stake in The First of Long Island Co. (NASDAQ:FLIC)

Barclays PLC lifted its holdings in The First of Long Island Co. (NASDAQ:FLIC - Free Report) by 73.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,758 shares of the bank's stock after purchasing an additional 24,399 shares during the period. Barclays PLC owned approximately 0.26% of First of Long Island worth $743,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. 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 valued at $45,000 after acquiring an additional 1,950 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of First of Long Island in the 3rd quarter valued at approximately $118,000. CWM LLC raised its holdings in shares of First of Long Island by 87.8% in the 3rd quarter. CWM LLC now owns 14,668 shares of the bank's stock valued at $189,000 after purchasing an additional 6,856 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of First of Long Island in the 3rd quarter valued at $212,000. Finally, Stifel Financial Corp lifted its position in shares of First of Long Island by 8.9% during the 3rd quarter. Stifel Financial Corp now owns 57,933 shares of the bank's stock worth $746,000 after purchasing an additional 4,716 shares during the last quarter. 48.33% of the stock is currently owned by institutional investors and hedge funds.

First of Long Island Stock Up 0.9 %

First of Long Island stock traded up $0.12 during mid-day trading on Tuesday, hitting $13.76. The company had a trading volume of 13,821 shares, compared to its average volume of 92,364. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.15. The First of Long Island Co. has a 1 year low of $9.30 and a 1 year high of $15.03. The business has a fifty day moving average of $12.52 and a 200 day moving average of $12.88. The stock has a market cap of $310.24 million, a price-to-earnings ratio of 18.36 and a beta of 0.75.

First of Long Island (NASDAQ:FLIC - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The bank reported $0.14 EPS for the quarter, missing the consensus estimate 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on First of Long Island in a report on Sunday. They issued a "hold" rating on the stock.

About First of Long Island

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.