Proficio Capital Partners LLC Takes $165,000 Position in The First of Long Island Co. (NASDAQ:FLIC)

Proficio Capital Partners LLC acquired a new position in shares of The First of Long Island Co. (NASDAQ:FLIC) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 14,086 shares of the bank’s stock, valued at approximately $165,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new stake in shares of First of Long Island in the 3rd quarter worth $212,000. FMR LLC grew its holdings in shares of 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. Stifel Financial Corp increased its position in First of Long Island by 8.9% during the third quarter. Stifel Financial Corp now owns 57,933 shares of the bank’s stock worth $746,000 after purchasing an additional 4,716 shares during the last quarter. State Street Corp raised its stake in First of Long Island by 3.4% during the third quarter. State Street Corp now owns 505,758 shares of the bank’s stock worth $6,509,000 after purchasing an additional 16,456 shares during the period. Finally, Wellington Management Group LLP acquired a new position in First of Long Island in the 3rd quarter valued at about $5,407,000. Institutional investors and hedge funds own 48.33% of the company’s stock.

First of Long Island Trading Up 0.2 %

NASDAQ FLIC opened at $12.51 on Friday. The First of Long Island Co. has a 12 month low of $9.30 and a 12 month high of $15.03. The stock has a market capitalization of $283.16 million, a P/E ratio of 16.68 and a beta of 0.75. The firm’s 50-day moving average is $12.68 and its two-hundred day moving average is $12.91. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.98 and a quick ratio of 0.98.

First of Long Island (NASDAQ:FLIC) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $0.14 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.10). First of Long Island had a return on equity of 4.74% and a net margin of 9.52%.

First of Long Island Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be paid a $0.21 dividend. The ex-dividend date is Monday, March 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.71%. First of Long Island’s payout ratio is presently 112.00%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of First of Long Island in a report on Friday. They set a “hold” rating for the company.

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.