Geode Capital Management LLC raised its position in The First of Long Island Corporation (NASDAQ:FLIC) by 3.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,041 shares of the bank’s stock after buying an additional 6,279 shares during the period. Geode Capital Management LLC’s holdings in The First of Long Island Corporation were worth $4,761,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FLIC. Vanguard Group Inc. raised its position in shares of The First of Long Island Corporation by 9.9% in the first quarter. Vanguard Group Inc. now owns 925,313 shares of the bank’s stock worth $25,030,000 after buying an additional 83,555 shares during the period. State Street Corp raised its position 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 worth $10,850,000 after buying an additional 152,823 shares during the period. Dimensional Fund Advisors LP raised its position 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 worth $7,275,000 after buying an additional 114,090 shares during the period. John W. Rosenthal Capital Management Inc. raised its position in shares of The First of Long Island Corporation by 4.9% in the first quarter. John W. Rosenthal Capital Management Inc. now owns 234,758 shares of the bank’s stock worth $6,350,000 after buying an additional 10,934 shares during the period. Finally, Strs Ohio acquired a new position in shares of The First of Long Island Corporation during the first quarter worth approximately $3,246,000. Institutional investors own 51.25% of the company’s stock.

The First of Long Island Corporation (NASDAQ:FLIC) traded up 0.74% during mid-day trading on Monday, hitting $27.25. The stock had a trading volume of 3,215 shares. The First of Long Island Corporation has a one year low of $20.38 and a one year high of $30.15. The firm has a market capitalization of $657.52 million, a price-to-earnings ratio of 19.44 and a beta of 0.78. The stock’s 50 day moving average price is $27.92 and its 200 day moving average price is $27.50.

The First of Long Island Corporation (NASDAQ:FLIC) last released its quarterly earnings results on Friday, July 28th. The bank reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The business had revenue of $26.14 million during the quarter, compared to analysts’ expectations of $25.86 million. The First of Long Island Corporation had a return on equity of 10.68% and a net margin of 28.29%. Analysts forecast that The First of Long Island Corporation will post $1.51 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Monday, July 10th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $0.56 annualized dividend and a yield of 2.07%. The First of Long Island Corporation’s payout ratio is currently 40.19%.

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FLIC has been the subject of a number of research analyst reports. Zacks Investment Research lowered The First of Long Island Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. BidaskClub upgraded The First of Long Island Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $30.00 price objective on shares of The First of Long Island Corporation in a research report on Wednesday, May 3rd.

In other The First of Long Island Corporation news, insider Donald L. Manfredonia sold 2,000 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $28.71, for a total transaction of $57,420.00. Following the transaction, the insider now owns 99,731 shares in the company, valued at approximately $2,863,277.01. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mark D. Curtis sold 6,843 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $27.53, for a total value of $188,387.79. Following the transaction, the insider now owns 40,764 shares in the company, valued at approximately $1,122,232.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,843 shares of company stock valued at $303,668. 4.83% of the stock is currently 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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