StockNews.com began coverage on shares of First of Long Island (NASDAQ:FLIC - Get Free Report) in a research report issued on Sunday. The firm set a "hold" rating on the bank's stock.
First of Long Island Price Performance
Shares of FLIC traded up $0.18 during trading hours on Friday, reaching $12.40. 359,941 shares of the company's stock traded hands, compared to its average volume of 131,992. First of Long Island has a 12 month low of $9.30 and a 12 month high of $15.03. 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 stock has a market cap of $279.55 million, a PE ratio of 14.09 and a beta of 0.71. The firm's 50 day simple moving average is $13.63 and its 200-day simple moving average is $12.43.
Institutional Investors Weigh In On First of Long Island
A number of large investors have recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of First of Long Island by 124.0% during the 3rd quarter. FMR LLC now owns 3,522 shares of the bank's stock valued at $45,000 after purchasing an additional 1,950 shares during the last quarter. Evoke Wealth LLC bought a new position in shares of First of Long Island during the 2nd quarter valued at $103,000. SG Americas Securities LLC purchased a new position in First of Long Island in the 3rd quarter worth $118,000. CWM LLC grew its stake in shares of First of Long Island by 87.8% during the third quarter. CWM LLC now owns 14,668 shares of the bank's stock valued at $189,000 after buying an additional 6,856 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of First of Long Island in the 2nd quarter valued at about $209,000. Hedge funds and other institutional investors own 48.33% of the company's stock.
About First of Long Island
(
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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