The First of Long Island Co. (NASDAQ:FLIC) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its position in The First of Long Island Co. (NASDAQ:FLIC) by 27.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 53,314 shares of the bank’s stock after selling 19,991 shares during the period. JPMorgan Chase & Co.’s holdings in First of Long Island were worth $686,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC lifted its position 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 period. SG Americas Securities LLC purchased a new position in shares of First of Long Island during the 3rd quarter worth approximately $118,000. CWM LLC lifted its holdings in shares of First of Long Island by 87.8% in the 3rd quarter. CWM LLC now owns 14,668 shares of the bank’s stock valued at $189,000 after buying an additional 6,856 shares during the period. Marshall Wace LLP purchased a new stake in shares of First of Long Island in the second quarter valued at approximately $209,000. Finally, Quest Partners LLC acquired a new position in First of Long Island during the third quarter worth $212,000. Hedge funds and other institutional investors own 48.33% of the company’s stock.

First of Long Island Trading Down 0.1 %

Shares of First of Long Island stock opened at $11.90 on Monday. The company has a 50-day moving average of $12.84 and a two-hundred day moving average of $12.77. 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 current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.15. The stock has a market cap of $268.23 million, a PE ratio of 13.52 and a beta of 0.74.

First of Long Island Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 31st were issued a dividend of $0.21 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.84 annualized dividend and a yield of 7.06%. First of Long Island’s dividend payout ratio is presently 95.46%.

Analysts Set New Price Targets

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

First of Long Island Company 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.