First of Long Island (NASDAQ:FLIC) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of First of Long Island (NASDAQ:FLIC - Get Free Report) in a report issued on Thursday. The brokerage set a "hold" rating on the bank's stock.

First of Long Island Price Performance

First of Long Island stock traded down $0.08 during midday trading on Thursday, reaching $14.64. 76,443 shares of the stock were exchanged, compared to its average volume of 134,339. First of Long Island has a 52 week low of $9.30 and a 52 week high of $15.03. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $329.99 million, a PE ratio of 16.64 and a beta of 0.68. The company's fifty day moving average is $13.34 and its 200-day moving average is $11.99.

Insiders Place Their Bets

In other First of Long Island news, Director John Abbott Root Cooper sold 166,633 shares of First of Long Island stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $12.70, for a total transaction of $2,116,239.10. Following the completion of the sale, the director now directly owns 3,453 shares in the company, valued at $43,853.10. The trade was a 97.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 5.67% of the company's stock.

Institutional Trading of First of Long Island

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in First of Long Island by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,144,181 shares of the bank's stock worth $12,689,000 after buying an additional 8,109 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of First of Long Island by 1.7% in the 2nd quarter. Renaissance Technologies LLC now owns 606,650 shares of the bank's stock worth $6,079,000 after acquiring an additional 10,400 shares during the last quarter. State Street Corp boosted its stake in shares of First of Long Island by 3.4% in the 3rd quarter. State Street Corp now owns 505,758 shares of the bank's stock valued at $6,509,000 after purchasing an additional 16,456 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of First of Long Island by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 500,881 shares of the bank's stock valued at $6,447,000 after purchasing an additional 14,736 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in First of Long Island by 272.6% in the 2nd quarter. AQR Capital Management LLC now owns 438,812 shares of the bank's stock worth $4,397,000 after purchasing an additional 321,032 shares during the period. Hedge funds and other institutional investors own 48.33% of the company's 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.