Fmr LLC Has $45,000 Stock Position in The First of Long Island Co. (NASDAQ:FLIC)

Fmr LLC grew its holdings in shares of The First of Long Island Co. (NASDAQ:FLIC) by 124.0% during the third quarter, Holdings Channel reports. The firm owned 3,522 shares of the bank’s stock after purchasing an additional 1,950 shares during the period. Fmr LLC’s holdings in First of Long Island were worth $45,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rhumbline Advisers boosted its holdings in shares of First of Long Island by 3.8% during the 2nd quarter. Rhumbline Advisers now owns 33,419 shares of the bank’s stock worth $335,000 after buying an additional 1,231 shares during the period. Sei Investments Co. lifted its position in First of Long Island by 13.0% during the 2nd quarter. Sei Investments Co. now owns 21,669 shares of the bank’s stock worth $217,000 after acquiring an additional 2,500 shares during the last quarter. Empowered Funds LLC increased its stake in shares of First of Long Island by 5.4% in the third quarter. Empowered Funds LLC now owns 58,048 shares of the bank’s stock worth $747,000 after purchasing an additional 2,948 shares during the period. Hsbc Holdings PLC grew its holdings in First of Long Island by 14.9% in the 2nd quarter. Hsbc Holdings PLC now owns 29,386 shares of the bank’s stock valued at $295,000 after buying an additional 3,810 shares during the last quarter. Finally, CWM LLC boosted its position in shares of First of Long Island by 87.8% in the third quarter. CWM LLC now owns 14,668 shares of the bank’s stock valued at $189,000 after acquiring an additional 6,856 shares during the period. Institutional investors and hedge funds own 48.33% of the company’s stock.

First of Long Island Trading Up 0.2 %

Shares of First of Long Island stock opened at $12.16 on Thursday. The stock has a market capitalization of $274.14 million, a P/E ratio of 13.82 and a beta of 0.71. The First of Long Island Co. has a 12-month low of $9.30 and a 12-month high of $15.03. 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 company has a 50-day simple moving average of $13.58 and a 200 day simple moving average of $12.46.

First of Long Island Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 6.91%. The ex-dividend date is Tuesday, December 31st. First of Long Island’s dividend payout ratio is 95.45%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of First of Long Island in a report on Sunday. They set a “hold” rating on the 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.