Research analysts at StockNews.com began coverage on shares of First of Long Island (NASDAQ:FLIC - Get Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a "hold" rating on the bank's stock.
First of Long Island Trading Down 0.1 %
Shares of NASDAQ FLIC traded down $0.01 during midday trading on Friday, reaching $13.70. 77,362 shares of the stock were exchanged, compared to its average volume of 131,654. First of Long Island has a 12 month low of $9.30 and a 12 month high of $15.03. The company has a market capitalization of $308.80 million, a price-to-earnings ratio of 15.57 and a beta of 0.71. 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 business has a 50-day simple moving average of $13.65 and a two-hundred day simple moving average of $12.30.
Institutional Investors Weigh In On First of Long Island
A number of hedge funds have recently modified their holdings of the business. FMR LLC increased its stake in First of Long Island by 124.0% during the 3rd 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. CWM LLC increased its position in shares of First of Long Island by 292.0% during the second quarter. CWM LLC now owns 7,812 shares of the bank's stock worth $78,000 after acquiring an additional 5,819 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of First of Long Island during the third quarter worth $118,000. Evoke Wealth LLC acquired a new stake in shares of First of Long Island during the second quarter worth $103,000. Finally, Quest Partners LLC bought a new stake in First of Long Island in the 3rd quarter valued at $212,000. Institutional investors and hedge funds own 48.33% of the company's stock.
First of Long Island Company Profile
(
Get Free Report)
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.
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