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

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

Separately, Keefe, Bruyette & Woods increased their price objective on First of Long Island from $11.00 to $13.00 and gave the stock a "market perform" rating in a research report on Monday, July 29th.

First of Long Island Stock Performance

Shares of First of Long Island stock traded up $0.07 during trading hours on Monday, hitting $12.59. 56,045 shares of the company were exchanged, compared to its average volume of 136,345. First of Long Island has a 1 year low of $9.30 and a 1 year high of $13.95. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.15. The business has a 50-day moving average of $12.86 and a 200-day moving average of $11.53. The stock has a market capitalization of $283.83 million, a price-to-earnings ratio of 14.23 and a beta of 0.68.

First of Long Island Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 11th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend was Friday, October 11th. First of Long Island's dividend payout ratio (DPR) is 95.45%.

Insider Buying and Selling at First of Long Island

In other First of Long Island news, Director John Abbott Root Cooper sold 166,633 shares of the company's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $12.70, for a total value of $2,116,239.10. Following the sale, the director now owns 3,453 shares of the company's stock, valued at approximately $43,853.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.33% of the stock is owned by corporate insiders.

Institutional Trading of First of Long Island

Large investors have recently made changes to their positions in the stock. EntryPoint Capital LLC acquired a new stake in shares of First of Long Island during the first quarter valued at $42,000. CWM LLC boosted its stake in 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 buying an additional 5,819 shares during the last quarter. Evoke Wealth LLC acquired a new stake in First of Long Island in the 2nd quarter worth about $103,000. Hillsdale Investment Management Inc. acquired a new stake in First of Long Island in the 1st quarter worth about $105,000. Finally, SG Americas Securities LLC acquired a new stake in First of Long Island in the 3rd quarter worth about $118,000. Institutional investors and hedge funds 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.