First of Long Island (NASDAQ:FLIC) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of First of Long Island (NASDAQ:FLIC) in a research report issued on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

First of Long Island Price Performance

First of Long Island stock opened at $11.51 on Tuesday. The stock has a market capitalization of $259.48 million, a PE ratio of 13.08 and a beta of 0.74. 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 has a 12 month low of $9.30 and a 12 month high of $15.03. The business has a 50 day simple moving average of $13.34 and a 200-day simple moving average of $12.62.

Institutional Investors Weigh In On First of Long Island

Institutional investors have recently modified their holdings of the company. Barclays PLC grew its stake in First of Long Island by 73.1% in the 3rd quarter. Barclays PLC now owns 57,758 shares of the bank’s stock valued at $743,000 after acquiring an additional 24,399 shares during the last quarter. Geode Capital Management LLC increased its position in First of Long Island by 3.0% during the third quarter. Geode Capital Management LLC now owns 500,881 shares of the bank’s stock worth $6,447,000 after buying an additional 14,736 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of First of Long Island in the third quarter worth $5,407,000. State Street Corp lifted its position in shares of First of Long Island by 3.4% in the third quarter. State Street Corp now owns 505,758 shares of the bank’s stock valued at $6,509,000 after acquiring an additional 16,456 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of First of Long Island by 8.9% during the third quarter. Stifel Financial Corp now owns 57,933 shares of the bank’s stock valued at $746,000 after acquiring an additional 4,716 shares during the last quarter. Hedge funds and other institutional investors 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.