Highlander Capital Management LLC Sells 1,200 Shares of The First of Long Island Co. (NASDAQ:FLIC)

Highlander Capital Management LLC lowered its stake in The First of Long Island Co. (NASDAQ:FLICGet Rating) by 23.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,000 shares of the bank’s stock after selling 1,200 shares during the period. Highlander Capital Management LLC’s holdings in First of Long Island were worth $78,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of FLIC. Advisor Group Holdings Inc. boosted its stake in First of Long Island by 24.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 6,349 shares of the bank’s stock valued at $137,000 after buying an additional 1,229 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in First of Long Island by 60.6% in the fourth quarter. BNP Paribas Arbitrage SA now owns 10,171 shares of the bank’s stock valued at $220,000 after buying an additional 3,837 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of First of Long Island by 12.0% during the fourth quarter. First Trust Advisors LP now owns 46,972 shares of the bank’s stock valued at $1,014,000 after purchasing an additional 5,041 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of First of Long Island by 364.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,285 shares of the bank’s stock valued at $157,000 after purchasing an additional 5,715 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of First of Long Island during the fourth quarter valued at about $212,000. Institutional investors own 65.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FLIC shares. StockNews.com raised First of Long Island from a “hold” rating to a “buy” rating in a research note on Tuesday. Piper Sandler lowered First of Long Island from an “overweight” rating to a “neutral” rating in a research note on Friday, April 29th.

First of Long Island Price Performance

First of Long Island stock opened at $18.94 on Friday. The stock’s 50 day moving average is $18.12 and its 200 day moving average is $19.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $438.08 million, a P/E ratio of 9.86 and a beta of 0.53. The First of Long Island Co. has a one year low of $16.51 and a one year high of $22.95.

First of Long Island (NASDAQ:FLICGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The bank reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.07. The company had revenue of $32.72 million for the quarter, compared to analyst estimates of $30.90 million. First of Long Island had a return on equity of 11.04% and a net margin of 32.72%. As a group, research analysts expect that The First of Long Island Co. will post 2.07 EPS for the current year.

First of Long Island Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 22nd. Shareholders of record on Thursday, July 14th were issued a $0.20 dividend. The ex-dividend date was Wednesday, July 13th. This represents a $0.80 dividend on an annualized basis and a yield of 4.22%. First of Long Island’s payout ratio is currently 41.67%.

First of Long Island Profile

(Get Rating)

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, holiday club, and individual retirement accounts.

Featured Articles

Want to see what other hedge funds are holding FLIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The First of Long Island Co. (NASDAQ:FLICGet Rating).

Institutional Ownership by Quarter for First of Long Island (NASDAQ:FLIC)

Receive News & Ratings for First of Long Island Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First of Long Island and related companies with MarketBeat.com's FREE daily email newsletter.