First of Long Island (NASDAQ:FLIC) Now Covered by Analysts at StockNews.com

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

First of Long Island Stock Down 0.2 %

Shares of First of Long Island stock traded down $0.02 on Monday, reaching $11.85. The company's stock had a trading volume of 84,466 shares, compared to its average volume of 130,619. First of Long Island has a 52 week low of $9.30 and a 52 week high of $15.03. The firm's fifty day simple moving average is $13.47 and its two-hundred day simple moving average is $12.53. 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 company has a market capitalization of $267.15 million, a price-to-earnings ratio of 13.47 and a beta of 0.71.

Institutional Investors Weigh In On First of Long Island

A number of large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its holdings in shares of First of Long Island by 17.3% during the 2nd quarter. American Century Companies Inc. now owns 351,452 shares of the bank's stock valued at $3,522,000 after buying an additional 51,792 shares during the period. AQR Capital Management LLC lifted its holdings in First of Long Island by 272.6% in the second quarter. AQR Capital Management LLC now owns 438,812 shares of the bank's stock valued at $4,397,000 after acquiring an additional 321,032 shares during the period. State Street Corp lifted its holdings in First of Long Island by 3.4% in the third quarter. State Street Corp now owns 505,758 shares of the bank's stock valued at $6,509,000 after acquiring an additional 16,456 shares during the period. 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 worth $45,000 after purchasing an additional 1,950 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of First of Long Island during the 3rd quarter valued at about $5,407,000. Institutional investors own 48.33% of the company's stock.

First of Long Island Company Profile

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.