Geode Capital Management LLC Acquires 14,736 Shares of The First of Long Island Co. (NASDAQ:FLIC)

Geode Capital Management LLC boosted its holdings in The First of Long Island Co. (NASDAQ:FLIC) by 3.0% during the 3rd quarter, Holdings Channel reports. The firm owned 500,881 shares of the bank’s stock after acquiring an additional 14,736 shares during the period. Geode Capital Management LLC’s holdings in First of Long Island were worth $6,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its position in First of Long Island by 17.3% during the second quarter. American Century Companies Inc. now owns 351,452 shares of the bank’s stock valued at $3,522,000 after buying an additional 51,792 shares during the period. State Street Corp grew its position in shares of First of Long Island by 3.4% during the 3rd quarter. State Street Corp now owns 505,758 shares of the bank’s stock valued at $6,509,000 after acquiring an additional 16,456 shares during the period. AQR Capital Management LLC increased its stake in shares of First of Long Island by 272.6% during the 2nd quarter. AQR Capital Management LLC now owns 438,812 shares of the bank’s stock worth $4,397,000 after purchasing an additional 321,032 shares during the last quarter. FMR LLC lifted its stake in First of Long Island by 124.0% in the third quarter. FMR LLC now owns 3,522 shares of the bank’s stock valued at $45,000 after purchasing an additional 1,950 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in First of Long Island in the third quarter valued at approximately $5,407,000. Institutional investors own 48.33% of the company’s stock.

First of Long Island Stock Up 2.7 %

Shares of NASDAQ FLIC opened at $11.92 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 company has a market cap of $268.72 million, a P/E ratio of 13.55 and a beta of 0.74. The First of Long Island Co. has a 52 week low of $9.30 and a 52 week high of $15.03. The business has a 50-day simple moving average of $13.38 and a two-hundred day simple moving average of $12.55.

First of Long Island Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 31st will be paid a $0.21 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.84 dividend on an annualized basis and a yield of 7.05%. First of Long Island’s dividend payout ratio is presently 95.45%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of First of Long Island in a report on Monday, December 30th. They set a “hold” rating on the stock.

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.