California Public Employees Retirement System continued to hold its position in shares of The First of Long Island Corporation (NASDAQ:FLIC) during the first quarter, Holdings Channel reports. The fund owned 43,650 shares of the bank’s stock at the end of the first quarter. California Public Employees Retirement System’s holdings in The First of Long Island Corporation were worth $1,181,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System raised its stake in shares of The First of Long Island Corporation by 50.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 11,074 shares of the bank’s stock valued at $316,000 after buying an additional 3,691 shares in the last quarter. State Street Corp raised its stake in shares of The First of Long Island Corporation by 67.3% in the fourth quarter. State Street Corp now owns 380,042 shares of the bank’s stock valued at $10,850,000 after buying an additional 152,823 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of The First of Long Island Corporation by 81.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 254,803 shares of the bank’s stock valued at $7,275,000 after buying an additional 114,090 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of The First of Long Island Corporation by 50.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 14,789 shares of the bank’s stock valued at $422,000 after buying an additional 4,929 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of The First of Long Island Corporation by 50.0% in the fourth quarter. Teachers Advisors LLC now owns 33,944 shares of the bank’s stock valued at $969,000 after buying an additional 11,314 shares in the last quarter. Hedge funds and other institutional investors own 51.23% of the company’s stock.

Shares of The First of Long Island Corporation (NASDAQ FLIC) opened at 27.49 on Thursday. The firm has a market capitalization of $663.31 million, a price-to-earnings ratio of 19.61 and a beta of 0.78. The First of Long Island Corporation has a 12 month low of $25.08 and a 12 month high of $40.40. The firm has a 50-day moving average price of $27.92 and a 200 day moving average price of $27.50.

The First of Long Island Corporation (NASDAQ:FLIC) last announced its quarterly earnings results on Friday, July 28th. The bank reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The business had revenue of $26.14 million for the quarter, compared to analyst estimates of $25.86 million. The First of Long Island Corporation had a return on equity of 10.84% and a net margin of 28.29%. On average, analysts anticipate that The First of Long Island Corporation will post $1.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Monday, July 10th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.03%. The ex-dividend date was Thursday, July 6th. The First of Long Island Corporation’s dividend payout ratio is 40.19%.

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FLIC has been the topic of several analyst reports. Zacks Investment Research raised The First of Long Island Corporation from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Wednesday, August 2nd. BidaskClub raised The First of Long Island Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $30.00 target price on shares of The First of Long Island Corporation in a research report on Wednesday, May 3rd.

In related news, insider Donald L. Manfredonia sold 1,000 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $27.93, for a total value of $27,930.00. Following the sale, the insider now owns 100,231 shares of the company’s stock, valued at approximately $2,799,451.83. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark D. Curtis sold 6,843 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $27.53, for a total value of $188,387.79. Following the completion of the sale, the insider now directly owns 40,764 shares in the company, valued at approximately $1,122,232.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,843 shares of company stock worth $303,668. 4.83% of the stock is owned by insiders.

The First of Long Island Corporation Company Profile

The First of Long Island Corporation is a one-bank holding company. The Company provides financial services through its subsidiary, The First National Bank of Long Island (the Bank). Its services include account reconciliation services, bank by mail, personal money orders, bill payment, remote deposit, cash management services, safe deposit boxes, collection services securities transactions, controlled disbursement accounts, signature guarantee services, drive-through banking, merchant credit card services, and investment management and trust services.

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

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