Wellington Management Group LLP Has $7.39 Million Position in The First of Long Island Co. (NASDAQ:FLIC)

Wellington Management Group LLP boosted its holdings in The First of Long Island Co. (NASDAQ:FLIC - Free Report) by 50.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 632,365 shares of the bank's stock after acquiring an additional 212,216 shares during the quarter. Wellington Management Group LLP owned 2.81% of First of Long Island worth $7,386,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted its stake in shares of First of Long Island by 16.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 275,786 shares of the bank's stock valued at $3,221,000 after purchasing an additional 38,714 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in First of Long Island by 58.4% in the fourth quarter. JPMorgan Chase & Co. now owns 84,475 shares of the bank's stock worth $987,000 after purchasing an additional 31,161 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of First of Long Island in the fourth quarter valued at $1,856,000. American Century Companies Inc. raised its stake in shares of First of Long Island by 12.6% in the fourth quarter. American Century Companies Inc. now owns 443,701 shares of the bank's stock worth $5,182,000 after acquiring an additional 49,798 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of First of Long Island during the fourth quarter valued at approximately $154,000. Institutional investors and hedge funds own 48.33% of the company's stock.

First of Long Island Trading Down 0.2 %

First of Long Island stock traded down $0.02 during midday trading on Wednesday, hitting $10.95. 3,821 shares of the stock were exchanged, compared to its average volume of 107,343. The stock has a market capitalization of $247.81 million, a PE ratio of 14.55 and a beta of 0.69. The company has a fifty day simple moving average of $12.33 and a two-hundred day simple moving average of $12.76. 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 52 week low of $9.30 and a 52 week high of $15.03.

First of Long Island (NASDAQ:FLIC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $0.14 EPS 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%.

First of Long Island Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $0.84 annualized dividend and a yield of 7.67%. First of Long Island's dividend payout ratio (DPR) is currently 112.00%.

Wall Street Analysts Forecast Growth

FLIC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upgraded First of Long Island from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $16.04 to $16.56 in a research report on Tuesday, April 1st. StockNews.com started coverage on First of Long Island in a report on Sunday. They set a "hold" rating for the company.

First of Long Island 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.