Quest Partners LLC Invests $212,000 in The First of Long Island Co. (NASDAQ:FLIC)

Quest Partners LLC acquired a new position in The First of Long Island Co. (NASDAQ:FLIC) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 16,507 shares of the bank’s stock, valued at approximately $212,000. Quest Partners LLC owned 0.07% of First of Long Island at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. CWM LLC raised its holdings in shares of First of Long Island by 292.0% during the 2nd quarter. CWM LLC now owns 7,812 shares of the bank’s stock valued at $78,000 after buying an additional 5,819 shares during the period. Evoke Wealth LLC purchased a new stake in shares of First of Long Island during the 2nd quarter valued at about $103,000. SG Americas Securities LLC purchased a new stake in shares of First of Long Island during the 3rd quarter valued at about $118,000. O Shaughnessy Asset Management LLC raised its holdings in shares of First of Long Island by 32.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,546 shares of the bank’s stock valued at $161,000 after buying an additional 3,570 shares during the period. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of First of Long Island during the 1st quarter valued at about $204,000. 48.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

First of Long Island Price Performance

FLIC stock opened at $14.64 on Thursday. 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 52-week low of $9.30 and a 52-week high of $15.03. The stock’s 50 day moving average is $13.31 and its two-hundred day moving average is $11.97. The company has a market capitalization of $329.99 million, a PE ratio of 16.64 and a beta of 0.68.

First of Long Island Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 11th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, October 11th. This represents a $0.84 annualized dividend and a yield of 5.74%. First of Long Island’s dividend payout ratio is presently 95.46%.

Insiders Place Their Bets

In other First of Long Island news, Director John Abbott Root Cooper sold 166,633 shares of First of Long Island stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $12.70, for a total transaction of $2,116,239.10. Following the sale, the director now directly owns 3,453 shares in the company, valued at $43,853.10. The trade was a 97.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.67% of the stock is owned by company insiders.

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.