First of Long Island (NASDAQ:FLIC) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

The First of Long Island Co. (NASDAQ:FLIC - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.29 and traded as high as $13.70. First of Long Island shares last traded at $13.70, with a volume of 77,362 shares traded.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of First of Long Island in a research note on Saturday. They set a "hold" rating on the stock.

First of Long Island Trading Down 0.1 %

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 company has a market cap of $308.85 million, a PE ratio of 15.57 and a beta of 0.71. The stock has a 50 day moving average price of $13.65 and a 200 day moving average price of $12.30.

First of Long Island Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 11th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend was Friday, October 11th. First of Long Island's dividend payout ratio is currently 95.45%.

Institutional Investors Weigh In On First of Long Island

Hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC boosted its position in shares of First of Long Island by 292.0% in the 2nd quarter. CWM LLC now owns 7,812 shares of the bank's stock worth $78,000 after purchasing an additional 5,819 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in First of Long Island by 9.2% in the second quarter. Bank of New York Mellon Corp now owns 173,446 shares of the bank's stock worth $1,738,000 after acquiring an additional 14,656 shares in the last quarter. Rhumbline Advisers boosted its holdings in First of Long Island by 3.8% in the second quarter. Rhumbline Advisers now owns 33,419 shares of the bank's stock worth $335,000 after acquiring an additional 1,231 shares in the last quarter. Anchor Capital Advisors LLC grew its stake in shares of First of Long Island by 6.9% in the second quarter. Anchor Capital Advisors LLC now owns 165,684 shares of the bank's stock worth $1,660,000 after acquiring an additional 10,660 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of First of Long Island by 17.3% during the second quarter. American Century Companies Inc. now owns 351,452 shares of the bank's stock valued at $3,522,000 after acquiring an additional 51,792 shares in the last quarter. 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.