Analysts at StockNews.com initiated coverage on shares of First of Long Island (NASDAQ:FLIC - Get Free Report) in a research report issued on Saturday. The firm set a "hold" rating on the bank's stock.
First of Long Island Stock Up 2.2 %
FLIC stock traded up $0.30 on Friday, hitting $14.07. 129,112 shares of the company's stock were exchanged, compared to its average volume of 93,004. The firm has a 50 day moving average price of $12.57 and a two-hundred day moving average price of $12.86. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 0.98. First of Long Island has a 12-month low of $9.30 and a 12-month high of $15.03. The stock has a market cap of $317.14 million, a P/E ratio of 18.76 and a beta of 0.75.
First of Long Island (NASDAQ:FLIC - Get Free Report) last issued its quarterly earnings results 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 return on equity of 4.74% and a net margin of 9.52%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. FMR LLC boosted its position 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 buying an additional 1,950 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of First of Long Island in the third quarter worth $118,000. Janney Montgomery Scott LLC purchased a new position in shares of First of Long Island during the fourth quarter worth $126,000. Skandinaviska Enskilda Banken AB publ acquired a new position in First of Long Island during the fourth quarter valued at $154,000. Finally, Proficio Capital Partners LLC purchased a new stake in First of Long Island in the fourth quarter valued at $165,000. 48.33% of the stock is owned by institutional investors and hedge funds.
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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