Segall Bryant & Hamill LLC Invests $1.86 Million in The First of Long Island Co. (NASDAQ:FLIC)

Segall Bryant & Hamill LLC bought a new stake in The First of Long Island Co. (NASDAQ:FLIC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 158,929 shares of the bank's stock, valued at approximately $1,856,000. Segall Bryant & Hamill LLC owned approximately 0.71% of First of Long Island as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. FMR LLC lifted 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 period. Janney Montgomery Scott LLC acquired a new stake in shares of First of Long Island in the fourth quarter valued at $126,000. SG Americas Securities LLC boosted its stake in First of Long Island by 28.4% during the fourth quarter. SG Americas Securities LLC now owns 11,813 shares of the bank's stock valued at $138,000 after buying an additional 2,614 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in First of Long Island during the fourth quarter worth about $154,000. Finally, Proficio Capital Partners LLC bought a new stake in First of Long Island in the fourth quarter worth about $165,000. Institutional investors and hedge funds own 48.33% of the company's stock.

Analyst Upgrades and Downgrades

FLIC has been the subject of several research reports. StockNews.com started coverage on shares of First of Long Island in a research report on Friday, March 28th. They set a "hold" rating for the company. Keefe, Bruyette & Woods upgraded shares of First of Long Island from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $16.04 to $16.56 in a research report on Tuesday.

Remove Ads

First of Long Island Trading Down 1.0 %

Shares of NASDAQ FLIC traded down $0.12 during mid-day trading on Wednesday, hitting $12.19. 27,662 shares of the company traded hands, compared to its average volume of 108,138. 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 First of Long Island Co. has a 1 year low of $9.30 and a 1 year high of $15.03. The stock has a market capitalization of $275.94 million, a price-to-earnings ratio of 16.27 and a beta of 0.75. The business has a 50 day moving average of $12.70 and a two-hundred day moving average of $12.92.

First of Long Island (NASDAQ:FLIC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.10). First of Long Island had a net margin of 9.52% and a return on equity of 4.74%.

First of Long Island Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 6.89%. The ex-dividend date of this dividend is Monday, March 24th. First of Long Island's payout ratio is 112.00%.

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.