StockNews.com Begins Coverage on First of Long Island (NASDAQ:FLIC)

Posted by ABMN Staff on Dec 14th, 2024

Stock analysts at StockNews.com initiated coverage on shares of First of Long Island (NASDAQ:FLIC – Get Free Report) in a note issued to investors on Saturday. The firm set a “hold” rating on the bank’s stock.

First of Long Island Stock Performance

Shares of NASDAQ FLIC opened at $13.70 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50 day moving average price of $13.65 and a 200 day moving average price of $12.29. The stock has a market capitalization of $308.80 million, a PE ratio of 15.57 and a beta of 0.71. First of Long Island has a 52 week low of $9.30 and a 52 week high of $15.03.

Institutional Trading of First of Long Island

A number of large investors have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of First of Long Island by 124.0% in the 3rd 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. CWM LLC raised its stake in First of Long Island by 292.0% in the second 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 bought a new stake in First of Long Island in the second quarter valued at approximately $103,000. SG Americas Securities LLC acquired a new stake in shares of First of Long Island in the third quarter valued at approximately $118,000. Finally, Marshall Wace LLP bought a new position in shares of First of Long Island during the 2nd quarter worth approximately $209,000. Institutional investors and hedge funds own 48.33% of the company’s stock.

About First of Long Island

(Get Free Report)

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.