Wasatch Advisors Inc. boosted its position in The First of Long Island Corporation (NASDAQ:FLIC) by 11.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 548,336 shares of the bank’s stock after purchasing an additional 54,423 shares during the quarter. Wasatch Advisors Inc. owned about 2.27% of The First of Long Island Corporation worth $15,682,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC boosted its stake in The First of Long Island Corporation by 0.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 18,909 shares of the bank’s stock valued at $541,000 after purchasing an additional 64 shares during the period. Legal & General Group Plc boosted its stake in The First of Long Island Corporation by 12.3% in the 2nd quarter. Legal & General Group Plc now owns 5,752 shares of the bank’s stock valued at $164,000 after purchasing an additional 630 shares during the period. Wells Fargo & Company MN boosted its stake in The First of Long Island Corporation by 1.4% in the 2nd quarter. Wells Fargo & Company MN now owns 53,590 shares of the bank’s stock valued at $1,533,000 after purchasing an additional 734 shares during the period. Bank of America Corp DE boosted its stake in The First of Long Island Corporation by 5.5% in the 1st quarter. Bank of America Corp DE now owns 16,238 shares of the bank’s stock valued at $439,000 after purchasing an additional 849 shares during the period. Finally, American International Group Inc. boosted its stake in The First of Long Island Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 13,157 shares of the bank’s stock valued at $356,000 after purchasing an additional 871 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Several analysts recently issued reports on the company. BidaskClub upgraded The First of Long Island Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. ValuEngine downgraded The First of Long Island Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research downgraded The First of Long Island Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th.

The First of Long Island Corporation (FLIC) traded up 0.32% during mid-day trading on Monday, hitting $31.35. The stock had a trading volume of 7,822 shares. The company has a market cap of $764.38 million, a price-to-earnings ratio of 22.36 and a beta of 0.81. The firm’s 50-day moving average is $29.01 and its 200 day moving average is $27.89. The First of Long Island Corporation has a 12 month low of $25.08 and a 12 month high of $40.40.

The First of Long Island Corporation (NASDAQ:FLIC) last posted its quarterly earnings results on Friday, July 28th. The bank reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.02. The First of Long Island Corporation had a return on equity of 10.68% and a net margin of 28.29%. The firm had revenue of $26.14 million during the quarter, compared to analyst estimates of $25.86 million. Equities 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 will be paid on Friday, October 20th. Stockholders of record on Wednesday, October 11th will be issued a $0.15 dividend. This is a positive change from The First of Long Island Corporation’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, October 10th. The First of Long Island Corporation’s dividend payout ratio (DPR) is presently 43.06%.

In other news, insider Michael N. Vittorio sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $26.80, for a total value of $80,400.00. Following the completion of the transaction, the insider now directly owns 99,006 shares of the company’s stock, valued at $2,653,360.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.83% of the stock is owned by company insiders.

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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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