First of Long Island (NASDAQ:FLIC) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

The First of Long Island Co. (NASDAQ:FLIC) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.29 and traded as high as $13.70. First of Long Island shares last traded at $13.70, with a volume of 77,362 shares trading hands.

Analyst Ratings Changes

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

First of Long Island Stock Performance

The stock has a fifty day moving average of $13.65 and a 200-day moving average of $12.29. 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 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 11th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, October 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.13%. First of Long Island’s payout ratio is 95.46%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds 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 in the last quarter. CWM LLC increased its holdings 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 last quarter. SG Americas Securities LLC acquired a new stake in First of Long Island in the third quarter valued at $118,000. Evoke Wealth LLC purchased a new stake in First of Long Island during the 2nd quarter worth about $103,000. Finally, Quest Partners LLC acquired a new position in shares of First of Long Island during the 3rd quarter worth about $212,000. Institutional investors and hedge funds own 48.33% of the company’s 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.