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

Equities research analysts at StockNews.com started coverage on shares of First of Long Island (NASDAQ:FLIC - Get Free Report) in a note issued to investors on Sunday. The firm set a "hold" rating on the bank's stock.

First of Long Island Stock Down 1.8 %

NASDAQ:FLIC traded down $0.25 during mid-day trading on Friday, reaching $13.58. The company's stock had a trading volume of 56,028 shares, compared to its average volume of 93,193. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.15. First of Long Island has a 1 year low of $9.30 and a 1 year high of $15.03. The stock has a fifty day moving average of $12.52 and a 200-day moving average of $12.88. The firm has a market capitalization of $306.09 million, a PE ratio of 18.11 and a beta of 0.75.

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

Institutional Trading of First of Long Island

A number of institutional investors have recently modified their holdings of the company. Anchor Capital Advisors LLC boosted its stake in First of Long Island by 0.5% in the fourth quarter. Anchor Capital Advisors LLC now owns 176,241 shares of the bank's stock valued at $2,058,000 after acquiring an additional 877 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of First of Long Island by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 174,109 shares of the bank's stock worth $2,034,000 after purchasing an additional 1,271 shares in the last quarter. FMR LLC grew its stake in First of Long Island by 124.0% during the 3rd quarter. FMR LLC now owns 3,522 shares of the bank's stock worth $45,000 after buying an additional 1,950 shares during the last quarter. SG Americas Securities LLC increased its position in First of Long Island by 28.4% during the 4th 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. Finally, Empowered Funds LLC raised its stake in First of Long Island by 5.0% in the fourth quarter. Empowered Funds LLC now owns 60,924 shares of the bank's stock valued at $712,000 after buying an additional 2,876 shares during the last quarter. 48.33% of the stock is currently owned by institutional investors.

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.