The First of Long Island Co. (NASDAQ:FLIC) Shares Acquired by State Street Corp

State Street Corp raised its stake in shares of The First of Long Island Co. (NASDAQ:FLIC) by 3.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 505,758 shares of the bank’s stock after buying an additional 16,456 shares during the period. State Street Corp’s holdings in First of Long Island were worth $6,509,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. AQR Capital Management LLC lifted its holdings in shares of First of Long Island by 272.6% in the second quarter. AQR Capital Management LLC now owns 438,812 shares of the bank’s stock valued at $4,397,000 after buying an additional 321,032 shares during the period. American Century Companies Inc. lifted its holdings in First of Long Island by 17.3% in the 2nd quarter. American Century Companies Inc. now owns 351,452 shares of the bank’s stock valued at $3,522,000 after acquiring an additional 51,792 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of First of Long Island during the 2nd quarter valued at about $230,000. Marshall Wace LLP acquired a new position in shares of First of Long Island in the 2nd quarter worth approximately $209,000. Finally, Quest Partners LLC bought a new stake in shares of First of Long Island in the 3rd quarter worth approximately $212,000. 48.33% of the stock is currently owned by institutional investors.

First of Long Island Trading Down 2.2 %

Shares of NASDAQ FLIC opened at $11.87 on Friday. 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 12 month low of $9.30 and a 12 month high of $15.03. The company has a market cap of $267.60 million, a price-to-earnings ratio of 13.49 and a beta of 0.71. The business has a fifty day simple moving average of $13.49 and a 200-day simple moving average of $12.47.

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 paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date is Tuesday, December 31st. First of Long Island’s dividend payout ratio is presently 95.45%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of First of Long Island in a report on Sunday, December 22nd. 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.