Quadrature Capital Ltd Acquires Shares of 10,848 The First of Long Island Co. (NASDAQ:FLIC)

Quadrature Capital Ltd bought a new position in shares of The First of Long Island Co. (NASDAQ:FLIC) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 10,848 shares of the bank’s stock, valued at approximately $144,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. rhino investment partners Inc purchased a new position in First of Long Island in the fourth quarter valued at approximately $3,522,000. Trexquant Investment LP lifted its position in shares of First of Long Island by 25.0% during the 4th quarter. Trexquant Investment LP now owns 46,329 shares of the bank’s stock valued at $613,000 after buying an additional 9,262 shares during the last quarter. Anchor Capital Advisors LLC grew its stake in shares of First of Long Island by 156.3% during the 4th quarter. Anchor Capital Advisors LLC now owns 134,455 shares of the bank’s stock worth $1,780,000 after acquiring an additional 81,999 shares during the period. Bailard Inc. purchased a new stake in First of Long Island in the 4th quarter worth about $359,000. Finally, J.W. Cole Advisors Inc. bought a new stake in First of Long Island in the 4th quarter valued at about $134,000. 48.33% of the stock is owned by hedge funds and other institutional investors.

First of Long Island Stock Up 2.3 %

FLIC opened at $10.02 on Friday. The First of Long Island Co. has a 12 month low of $9.30 and a 12 month high of $14.26. The company has a market cap of $225.65 million, a PE ratio of 9.28 and a beta of 0.66. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.37. The company has a 50 day moving average of $10.04 and a 200 day moving average of $11.14.

First of Long Island (NASDAQ:FLIC) last posted its earnings results on Friday, April 26th. The bank reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). The company had revenue of $44.27 million for the quarter, compared to analysts’ expectations of $22.50 million. First of Long Island had a return on equity of 6.54% and a net margin of 14.14%. During the same quarter in the prior year, the company earned $0.29 EPS. On average, sell-side analysts expect that The First of Long Island Co. will post 0.8 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of First of Long Island from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th.

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.